secwatch.observer — SEC 8-K summary
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Issuer:     MACERICH CO (MAC)
CIK:        0000912242
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-077466
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macerich closes $900M revolving credit facility, up from $650M, maturing 2029
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- Aggregate $900M revolver, up from $650M; matures March 1, 2029, with option to extend to 2030.
- Borrower can increase facility to $1.1B subject to lender commitments.
- Interest margin ranges from 0.80%-2.20% initially, later 0.35%-1.65% based on net debt/EBITDA.
- Covenants include borrowing base maintenance, minimum debt yield, fixed charge coverage, max floating rate debt.
- Guaranteed by Macerich Company and subsidiaries; secured by mortgages and pledges of equity interests.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912242/000119312526077466/0001193125-26-077466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912242/000119312526077466/d112967d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-077466

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