Macerich Prices Upsized Offering Of $675M Of 2.25% Exchangeable Senior Notes Due 2031
The Macerich Company (NYSE:MAC) ("Macerich") announced today that its operating partnership, The Macerich Partnership, L.P. ("Macerich Partnership"), priced its offering of $675 million aggregate
Macerich, a mall company, borrowed $675 million by selling special bonds that can turn into stock later. This shows the company needs cash and thinks its stock price could be worth more in the future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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