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

MAC•2026-08-07

Proceeds and hedging transactions

Net proceeds are estimated at about USD 659.1 million and are earmarked mainly for refinancing secured debt.

The issuer entered capped call hedges, and about USD 39.2 million of proceeds was allocated to the transactions.

Upsized exchangeable notes offering priced

Macerich priced an upsized USD 675 million private offering of 2.25% exchangeable senior notes due 2031.

The deal increased from USD 600 million; settlement is set for Aug. 11. The initial purchasers have a 13-day option to buy up to an additional USD 100 million of notes.

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

Proceeds and hedging transactions

Upsized exchangeable notes offering priced

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