secwatch.observer — SEC 8-K summary
======================================

Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001193125-24-267167
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macerich closes ~$439M net equity offering to repay $478M Washington Square mortgage
--------------------------------------------------------------------------------

- Issued 23M shares plus fully exercised 3M over-allotment at $19.75 per share.
- Net proceeds of ~$439M combined with $39M cash to repay $478M mortgage on Washington Square.
- Underwriting agreement with Goldman Sachs & Co. LLC as lead underwriter.
- Proceeds contributed to Macerich Partnership L.P. in exchange for economic equivalent securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000119312524267167/0001193125-24-267167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000119312524267167/d869672d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-267167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer