• Macerich priced an upsized underwritten public offering of 19,200,000 common shares at USD 21 per share, implying gross proceeds of about USD 403.2 million.
• Underwriters received a 30-day option to buy up to 2,880,000 additional shares.
• Net proceeds earmarked for repayment of revolving credit facility borrowings tied mainly to Annapolis Mall acquisition, with remaining funds for general corporate purposes including additional acquisitions and leasing capital at Annapolis Mall.
• Offering expected to close May 13, 2026, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Macerich Company published the original content used to generate this news brief on May 11, 2026, and is solely responsible for the information contained therein.