{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-236004","form_type":"8-K","ticker":"MAC","cik":"0000912242","company_name":"MACERICH CO","filed_at":"2023-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.998253+00:00","generated_at":"2026-06-10T17:06:11.768008+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Macerich replaces existing credit facility with $650M revolver maturing 2027, draws $152M","bullets":["New $650M revolving loan facility matures Feb 1, 2027, with option to extend to Feb 1, 2028.","Borrower may increase facility up to $950M subject to additional lender commitments.","Interest margins range from 1.00% to 2.50% based on leverage; currently 1.25% base rate / 2.25% SOFR.","Borrower drew $152M at closing to repay outstanding amounts under the prior credit agreement.","Facility includes borrowing base covenant, financial covenants, and 0.35% per annum unused fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-236004","json":"https://secwatch.observer/filing/0001193125-23-236004.json","markdown":"https://secwatch.observer/filing/0001193125-23-236004.md","text":"https://secwatch.observer/filing/0001193125-23-236004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912242/000119312523236004/0001193125-23-236004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912242/000119312523236004/d437561d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T17:06:11.768008+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03c2074787ce210ac2dce51bef725205b0a4f08e","claim":"MACERICH CO amended revolving credit of $650 million with Deutsche Bank AG New York Branch at Base Rate or Adjusted Term SOFR plus applicable margin ranging from 1.00% to 2.5 maturing February 1, 2027.","evidence_excerpt":"The Credit Agreement provides for an aggregate $650 million revolving loan facility that matures on February 1, 2027","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/912242/000119312523236004/0001193125-23-236004-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$650 million"},{"label":"Counterparty","value":"Deutsche Bank AG New York Branch"},{"label":"Rate","value":"Base Rate or Adjusted Term SOFR plus applicable margin ranging from 1.00% to 2.5"},{"label":"Maturity","value":"February 1, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}