Macerich prices upsized USD 675 million exchangeable senior notes offering due 2031

Reuters2026/08/07 11:03

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Macerich priced an upsized USD 675 million private offering of 2.25% exchangeable senior notes due 2031.
Deal increased from USD 600 million; settlement set for Aug. 11.
Initial purchasers hold a 13-day option to buy up to an additional USD 100 million of notes.
Net proceeds estimated at about USD 659.1 million, earmarked mainly for refinancing secured debt.
Issuer entered capped call hedges; about USD 39.2 million of proceeds allocated to the transactions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Macerich Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608070700PRIMZONEFULLFEED9805921) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Macerich prices upsized USD 675 million exchangeable senior notes offering due 2031

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