Macerich Closes Amended and Restated $900 Million Revolving Credit Facility [Yahoo! Finance]
Macerich Company (The) (MAC)
Last macerich company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
leading owner, operator, and developer of major retail properties in top markets, today announced that it has closed an amended and restated $900 million revolving credit facility. “We are pleased to close on this new facility, which enhances our liquidity, provides additional flexibility, extends the maturity term, lowers pricing, reduces unused commitment fees, and expands our lending group,” commented Dan Swanstrom, Senior Executive Vice President and Chief Financial Officer. “We appreciate our bank group's strong support of Macerich and its Path Forward Plan.” Macerich increased the size of the facility from $650 million to $900 million, extended the maturity from January 2027 to March 2030 (inclusive of a 12-month extension option), and lowered the current pricing grid from a spread range of 200 to 250 basis points over SOFR to 180 to 220 basis points over SOFR. Upon the achievement of certain performance thresholds, the spreads will be further reduced to a range of 135 to 16
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News
- Macerich (MAC) had its price target raised by The Goldman Sachs Group, Inc. from $15.00 to $17.00. They now have a "sell" rating on the stock.MarketBeat
- Macerich Closes Amended and Restated $900 Million Revolving Credit FacilityGlobeNewswire
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- Macerich to Present at Citi’s 2026 31st Annual Global Property CEO ConferenceGlobeNewswire
- Macerich (MAC) had its price target raised by Citigroup Inc. from $19.00 to $21.00. They now have a "neutral" rating on the stock.MarketBeat
MAC
Earnings
- 2/18/26 - Beat
MAC
Sec Filings
- 3/2/26 - Form 8-K
- 2/26/26 - Form 8-K
- 2/20/26 - Form 10-K
- MAC's page on the SEC website