# EDGAR Filing Document

**Accession Number:** 0000910612
**File Stem:** 0001140361-26-021312
**Filing Date:** 2026-5
**Character Count:** 14133
**Document Hash:** 5908b5788f16c6eed53d344d919f913b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-021312.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001140361-26-021312

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CBL & ASSOCIATES PROPERTIES INC
- **CENTRAL INDEX KEY:** 0000910612
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 621545718
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-43723
- **FILM NUMBER:** 26979257

**BUSINESS ADDRESS:**
- **STREET 1:** 2030 HAMILTON PLACE BVLD, SUITE 500
- **STREET 2:** CBL CENTER
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37421
- **BUSINESS PHONE:** 4238550001

**MAIL ADDRESS:**
- **STREET 1:** 2030 HAMILTON PLACE BVLD, SUITE 500
- **STREET 2:** CBL CENTER
- **CITY:** CHATTANOOGA
- **STATE:** TN
- **ZIP:** 37421
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCM Xb CBL-E Holdings, LLC
- **CENTRAL INDEX KEY:** 0001892307

**ORGANIZATION NAME:**
- **EIN:** 872448125
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S. GRAND AVE.
- **STREET 2:** 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-830-6300

**MAIL ADDRESS:**
- **STREET 1:** 333 S. GRAND AVE.
- **STREET 2:** 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Ex-99.A

------

**EXHIBIT A**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each of the Reporting Persons (as such term is defined in the Schedule 13G Amendment referred to below) on behalf of each of them of a statement on Schedule 13G Amendment (including amendments thereto) with respect to the Common Stock, $0.001 par value per share, of CBL & Associates Properties, Inc., a Delaware corporation, and that this agreement may be included as an exhibit to such joint filing.

---

| | |
|:---|:---|
| Date: May 13, 2026  |  |
|  | <br> OCM XB CBL-E HOLDINGS, LLC  |
|  | By: OAKTREE FUND GP, LLC, GENERAL PARTNER <br> By: OAKTREE FUND GP I, L.P., MANAGING MEMBER <br> By: OAKTREE CAPITAL I, L.P., GENERAL PARTNER <br> By: OAKTREE CAPITAL I GP, LLC, GENERAL PARTNER <br> By: OAKTREE CAPITAL HOLDINGS, LLC, MANAGING MEMBER  |
|  | /s/ Henry Orren  |
|  | Name: Henry Orren  |
|  | Title: Managing Director  |
|  | OAKTREE CAPITAL HOLDINGS, LLC  |
|  | /s/ Henry Orren  |
|  | Name: Henry Orren  |
|  | Title: Managing Director  |

---

---

| |
|:---|
| OAKTREE CAPITAL GROUP HOLDINGS GP, LLC  |
| /s/ Henry Orren  |
| Name: Henry Orren  |
| Title: Managing Director  |

---

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Issuer:** CBL & ASSOCIATES PROPERTIES, INC.

**Title of Class of Securities:** Common Stock, $0.001 par value per share

**CUSIP Number:** —

**Date of Event Which Requires Filing of this Statement:** 03/31/2026

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>OCM Xb CBL-E Holdings, LLC | Names of Reporting Persons<br>OCM Xb CBL-E Holdings, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>820000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>820000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>820000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>820000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 30,944,758 shares of Common Stock outstanding as of May 6, 2026, as reported on the Issuer's 10-Q filed with the Securities and Exchange Commission ("SEC") on May 8, 2026.

---

| 1. | Names of Reporting Persons<br>Oaktree Capital Holdings, LLC | Names of Reporting Persons<br>Oaktree Capital Holdings, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>820000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>820000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>820000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>820000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 30,944,758 shares of Common Stock outstanding as of May 6, 2026, as reported on the Issuer's 10-Q filed with the SEC on May 8, 2026.

---

| 1. | Names of Reporting Persons<br>Oaktree Capital Group Holdings GP, LLC | Names of Reporting Persons<br>Oaktree Capital Group Holdings GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>820000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>820000.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>820000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>820000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>2.65% | Percent of Class Represented by Amount in Row (9)<br>2.65% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 30,944,758 shares of Common Stock outstanding as of May 6, 2026, as reported on the Issuer's 10-Q filed with the SEC on May 8, 2026.

---

**Item 1(a). Name of Issuer:**
CBL & ASSOCIATES PROPERTIES, INC.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
2030 Hamilton Place Blvd., Suite 500, Chattanooga, TN 37421

**Item 2(a). Name of Person Filing:**
This statement is being jointly filed by each of the following persons (collectively, the "Reporting Persons"):

(i)	OCM Xb CBL-E Holdings, LLC ("Xb CBL-E");

(ii)	Oaktree Capital Holdings, LLC ("OCH"); and

(iii)	Oaktree Capital Group Holdings GP, LLC ("OCGH").

**Item 2(b). Address of Principal Business Office:**
333 S. Grand Ave., 28th Floor, Los Angeles, CA 90071

**Item 2(c). Citizenship:**
See responses to row 4 on each cover page.

**Item 2(d). Title of Class of Securities:**
Common Stock, $0.001 par value per share

**Item 2(e). CUSIP Number:**
—

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See responses to row 9 on each cover page.
The reported securities, which give effect to certain sales after March 31, 2026, are directly held by Xb CBL-E, which is indirectly managed by OCH, which is controlled by OCGH. Accordingly, OCH and OCGH indirectly exercise voting and dispositive control and may be deemed to beneficially own the reported securities directly held by Xb CBL-E.
Pursuant to Rule 13d-4 of the Act, the Reporting Persons declare that filing this statement shall not be construed as an admission that any of the Reporting Persons are beneficial owners of the reported securities, for the purposes of Section 13(d) and/or Section 13(g) of the Act.

**(b) Percent of class:**

See responses to row 11 on each cover page.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See responses to row 5 on each cover page.

**(ii) Shared power to vote or to direct the vote:**

See responses to row 6 on each cover page.

**(iii) Sole power to dispose or to direct the disposition of:**

See responses to row 7 on each cover page.

**(iv) Shared power to dispose or to direct the disposition of:**

See responses to row 8 on each cover page.

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**OCM Xb CBL-E Holdings, LLC**

**Date:** 05/13/2026

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren / Managing Director

**Oaktree Capital Holdings, LLC**

**Date:** 05/13/2026

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren / Managing Director

**Oaktree Capital Group Holdings GP, LLC**

**Date:** 05/13/2026

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren / Managing Director