---
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"
generated_at: "2026-06-10T17:06:11.768008+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Macerich replaces existing credit facility with $650M revolver maturing 2027, draws $152M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-236004
- JSON: https://secwatch.observer/filing/0001193125-23-236004.json
- Plain text: https://secwatch.observer/filing/0001193125-23-236004.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $650 million
  - Counterparty: Deutsche Bank AG New York Branch
  - Rate: Base Rate or Adjusted Term SOFR plus applicable margin ranging from 1.00% to 2.5
  - Maturity: February 1, 2027
  - Event: amendment
  source text: The Credit Agreement provides for an aggregate $650 million revolving loan facility that matures on February 1, 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/912242/000119312523236004/0001193125-23-236004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.