{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-344920","form_type":"8-K","ticker":"MAC","cik":"0000912242","company_name":"MACERICH CO","filed_at":"2026-08-11T20:52:07+00:00","discovered_at":"2026-08-11T20:53:01.623892+00:00","generated_at":"2026-08-11T20:53:18.390131+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Macerich issues $775M of 2.25% exchangeable notes due 2031; net proceeds ~$757M","bullets":["$775M aggregate 2.25% exchangeable senior notes due 2031 issued, incl. $100M option exercise; guaranteed by Macerich on senior unsecured basis.","Net proceeds ~$757M; ~$45M used to fund capped call transactions; remainder to refinance secured debt and general corporate purposes.","Initial exchange rate 35.4761 shares per $1,000 (price ~$28.19); capped call cap price ~$34.06/share (45% premium to $23.49 close).","Entered First Amendment to Credit Agreement with Deutsche Bank AG on Aug 5, 2026 to facilitate the offering."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-344920","json":"https://secwatch.observer/filing/0001193125-26-344920.json","markdown":"https://secwatch.observer/filing/0001193125-26-344920.md","text":"https://secwatch.observer/filing/0001193125-26-344920.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/912242/000119312526344920/0001193125-26-344920-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912242/000119312526344920/d106117d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T20:53:18.390131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}