# EDGAR Filing Document

**Accession Number:** 0000910612
**File Stem:** 0001140361-26-002419
**Filing Date:** 2026-1
**Character Count:** 13808
**Document Hash:** bbe88d7ce845f4305777e5171bd8e4a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-002419.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001140361-26-002419

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

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**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:** 26561474

**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 referred to below) by OCM Xb CBL-E Holdings, LLC, a Delaware corporation, on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.001 per share, of CBL & Associates Properties, Inc., a Delaware corporation, and that this agreement may be included as an exhibit to such joint filing.

Dated: January 21, 2026

---

| | |
|:---|:---|
| **OCM XB CBL-E HOLDINGS, LLC** | **OCM XB CBL-E HOLDINGS, LLC** |
| By: Oaktree Fund GP, LLC | By: Oaktree Fund GP, LLC |
| Its: Manager | Its: Manager |
| By: Oaktree Fund GP, I L.P. | By: Oaktree Fund GP, I L.P. |
| Its: Managing Member | Its: Managing Member |
| By: | **/**s**/** Henry Orren |
| Name: | Henry Orren |
| Title: | Authorized Signatory |
| **OAKTREE CAPITAL HOLDING, LLC** | **OAKTREE CAPITAL HOLDING, LLC** |
| By: | **/**s**/** Henry Orren |
| Name: | Henry Orren |
| Title: | Authorized Signatory |
| **OAKTREE CAPITAL GROUP HOLDINGS GP, LLC** | **OAKTREE CAPITAL GROUP HOLDINGS GP, LLC** |
| By: | **/**s**/** Henry Orren |
| Name: | Henry Orren |
| Title: | Authorized Signatory |

---

------

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

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

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

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

**CUSIP Number:** 124830878

**Date of Event Which Requires Filing of this Statement:** 12/31/2025

**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 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2517577 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2517577 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2517577 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2517577 |
| 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>8.21% | Percent of Class Represented by Amount in Row (9)<br>8.21% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Calculated based upon 30,682,618 shares of Common Stock outstanding as of November 3, 2025, as reported on the Issuer's Form 10-Q, filed with the SEC on November 7, 2025.

---

| 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 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2517577 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2517577 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2517577 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2517577 |
| 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>8.21% | Percent of Class Represented by Amount in Row (9)<br>8.21% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Calculated based upon 30,682,618 shares of Common Stock outstanding as of November 3, 2025, as reported on the Issuer's Form 10-Q, filed with the SEC on November 7, 2025.

---

| 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 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2517577 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2517577 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2517577 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2517577 |
| 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>8.21% | Percent of Class Represented by Amount in Row (9)<br>8.21% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** Calculated based upon 30,682,618 shares of Common Stock outstanding as of November 3, 2025, as reported on the Issuer's Form 10-Q, filed with the SEC on November 7, 2025.

---

**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 Schedule 13G/A is filed jointly by each of the following persons (collectively, the "Reporting Persons"):

(1)	OCM Xb CBL-E Holdings, LLC ("Xb CBL-E"), Delaware limited partnership;
(2)	Oaktree Capital Holdings, LLC (f/k/a Atlas OCM Holdings, LLC) ("OCH"), in its capacity as the indirect manager of Xb CBL-E; and
(3)	Oaktree Capital Group Holdings, GP LLC ("OCGH"), a Delaware limited liability company, in its capacity as the indirect owner of the class B units of OCH.

**Item 2(b). Address of Principal Business Office:**
The principal business address of each of the Reporting Persons is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071.

**Item 2(c). Citizenship:**
See responses to Item 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:**
124830878

**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 Item 9 on each cover page.

**(b) Percent of class:**

See responses to Item 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 Item 5 on each cover page.

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

See responses to Item 6 on each cover page.

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

See responses to Item 7 on each cover page.

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

See responses to Item 8 on each cover page.

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

[x] 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:** 01/21/2026

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren/ Senior Vice President

**Oaktree Capital Holdings, LLC**

**Date:** 01/21/2026

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren/ Senior Vice President

**Oaktree Capital Group Holdings GP, LLC**

**Date:** 01/21/2026

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren/ Senior Vice President