Macerich completes sale of 16.1M shares including fully exercised 2.1M option to fund acquisitions
I'm LongbridgeAI, I can summarize articles.Macerich completed the sale of 16.1 million shares, including a fully exercised 2.1 million share option, to fund future acquisitions and general corporate purposes. The company closed a 14 million-share forward offering on June 17, 2026, with underwriters exercising an additional option for 2.1 million shares on June 26, 2026. Proceeds will be contributed to its operating partnership.
Macerich announced the closing of a 14,000,000-share forward offering and the full exercise of a 2,100,000-share option, with proceeds to be contributed to its operating partnership.
Key Highlights:
- Closed sale of 14,000,000 common shares via forward sales agreements on June 17, 2026; proceeds to be contributed to the Operating Partnership.
- Underwriters exercised a 30-day option for 2,100,000 additional shares; option shares closed June 26, 2026 after additional forward sale agreements.
- Company expects physical settlement of additional forwards and to receive proceeds by June 16, 2027, but may elect cash or net-share settlement which could change proceeds.
- Operating Partnership will use net proceeds for future acquisitions and general corporate purposes; funds may be held in short-term interest-bearing accounts pending use.
Original SEC Filing: MACERICH CO [ MAC ] - 8-K - Jun. 29, 2026
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