Macerich launches 14 million-share common stock offering via forward sale agreement

Macerich Company

Macerich Company

MAC

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  • Macerich launched an underwritten public offering of 14,000,000 common shares through forward sale agreements.
  • Underwriters hold a 30-day option for up to 2,100,000 additional shares, taking the total to 16,100,000 if fully exercised.
  • Forward purchasers are expected to borrow and sell the shares in the offering; Macerich will not receive initial proceeds.
  • Physical settlement is scheduled on one or more dates no later than June 16, 2027, with cash proceeds tied to the forward sale price.
  • Net proceeds, if any, are earmarked for future acquisitions and general corporate purposes.


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 via GlobeNewswire (Ref. ID: 202606151610PRIMZONEFULLFEED9747280) on June 15, 2026, and is solely responsible for the information contained therein.

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