other material
confidence high
sentiment neutral
materiality 0.35
Macerich files new shelf registration, adds Morgan Stanley and Scotia as ATM agents
MACERICH CO
- Filed new automatic shelf S-3 to replace expired registration; four prospectus supplements continue existing offerings.
- ATM program has $288.5M remaining capacity of the $500M total; $211.5M already sold.
- Amendment No. 1 adds Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. as sales agents.
- Net proceeds from ATM sales will be contributed to operating partnership for debt repayment and general purposes.
- Other prospectus supplements cover up to 13.45M shares for resale and unit redemptions; no proceeds to Macerich.