Financing ·
On June 15, 2026, The Macerich Company entered into an underwriting agreement and separate forward sale agreements for…
MACMacerich Co
On June 15, 2026, The Macerich Company entered into an underwriting agreement and separate forward sale agreements for the offering and sale of 14,000,000 shares of common stock. The agreement includes a 30-day option for underwriters to purchase an additional 2,100,000 shares. The initial forward price is set at $23.12325 per share. The company expects to physically settle these agreements and receive proceeds no later than June 16, 2027. Net proceeds will be contributed to The Macerich Partnership, L.P. to fund future acquisitions and general corporate purposes. The company operates in the real estate industry as a retail real estate investment trust.