other
confidence high
sentiment neutral
materiality 0.30
Macerich files new shelf registration, continues $500M ATM program with agent change
MACERICH CO
- Filed new automatic shelf registration to replace expiring August 2020 S-3.
- ATM program: $151.7M of $500M remains available; $348.3M already sold.
- Added BMO Capital Markets as sales agent; removed BNP Paribas Securities.
- Net proceeds from ATM sales to repay debt and for general corporate purposes.
- Four prospectus supplements issued covering unit conversions/resales; no proceeds to Macerich.