| Item 1. | |
| (a) | Name of issuer:
CBL & ASSOCIATES PROPERTIES, INC. |
| (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"). |
| (b) | Address or principal business office or, if none, residence:
333 S. Grand Ave., 28th Floor, Los Angeles, CA 90071 |
| (c) | Citizenship:
See responses to row 4 on each cover page. |
| (d) | Title of class of securities:
Common Stock, $0.001 par value per share |
| (e) | CUSIP No.:
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| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (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:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| 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:
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| | (i) Sole power to vote or to direct the vote:
See responses to row 5 on each cover page.
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| | (ii) Shared power to vote or to direct the vote:
See responses to row 6 on each cover page.
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| | (iii) Sole power to dispose or to direct the disposition of:
See responses to row 7 on each cover page.
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| | (iv) Shared power to dispose or to direct the disposition of:
See responses to row 8 on each cover page.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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