Macerich Co.

NYSE:MAC   3:59:59 PM EDT
18.05
-0.10 (-0.55%)
Debt Financing / Related, Exchange Changes

Macerich Substantially Improves And Clarifies Liquidity Position

Published: 03/26/2021 10:09 GMT
Macerich Co. (MAC) - Macerich Substantially Improves and Clarifies Liquidity Position.
Macerich - Commitments From Its Joint Lead Lenders, Deutsche Bank, Jpmorgan, and Goldman Sachs for a New Revolving Line of Credit and Credit Facility.
Macerich Co - Capacity of Line and Credit Facility Expected to Be $600 Million - $800 Million, With Facility Expected to Close in April 2021.
Macerich Co - Has Cash and Cash Equivalents, Including Pro-rata Share of Joint Ventures, of About $950 Million.
Macerich Co - Through March 25,, Sold 36.0 Million Shares Under Its Atm Equity Program at a Weighted Average Price of $13.54/share.