Macerich launches $500M at-the-market equity offering to repay debt

MACERICH CO

New ATM program allows sale of up to $500M of common stock through multiple agents (JPM, Deutsche, Goldman, BMO, TD).
Prior $500M ATM program fully utilized as of Sep 30, 2024; this is a replacement program.
Net proceeds contributed to operating partnership to repay outstanding indebtedness and for general corporate purposes.
Sales agents receive commission up to 2% of gross proceeds; no obligation to sell any shares.
Offering is at-the-market, subject to market conditions and company discretion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.