---
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"
generated_at: "2026-08-11T20:53:18.390131+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Macerich issues $775M of 2.25% exchangeable notes due 2031; net proceeds ~$757M

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-344920
- JSON: https://secwatch.observer/filing/0001193125-26-344920.json
- Plain text: https://secwatch.observer/filing/0001193125-26-344920.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.