other material
confidence high
sentiment neutral
materiality 0.60
Macerich closes additional 2.1M share forward sale at $23.12 per share
MACERICH CO
- Underwriters exercised option for 2.1M shares at $23.12325/share; closed June 26.
- This adds to the 14M shares previously offered and closed on June 17.
- Additional forward sale agreements executed June 23; physical settlement expected by June 16, 2027.
- Net proceeds to Operating Partnership for acquisitions and general corporate purposes.
- Company may also cash or net settle part of its forward obligations.