PR Newswire
SANTA MONICA, Calif., Jan. 9, 2023
SANTA MONICA, Calif., Jan. 9, 2023 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail and mixed-use properties in top markets, today announced significant financing transaction progress.
Key details include:
"We are pleased with our continued progress addressing our debt maturities. Through a combination of loan extensions and refinancings, Macerich continues to effectively transact on its secured loan portfolio," said Scott Kingsmore, Macerich's Senior Executive Vice President of Finance and Chief Financial Officer. "These three transactions totaling just under $1.4 billion speak to the strength of our longstanding credit relationships that we've cultivated over the years, our access to capital and to the quality of our Class A regional town center portfolio."
About Macerich
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich's portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 48 million square feet of real estate consisting primarily of interests in 44 regional town centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 GRESB ranking for the North American retail sector for eight years (2015-2022). For more information, please visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.
MAC-I
View original content to download multimedia:https://www.prnewswire.com/news-releases/macerich-provides-financing-activity-update-301715928.html
SOURCE Macerich Company
We use cookies to tailor your experience, measure site performance and present relevant offers and advertisements. By clicking ‘Accept’ or any content on this site, you agree that cookies can be placed on your browser. You can view our privacy policy to learn more.
If you would like to get more data, alerts and access to Real Vision videos, join us as an Insider Tracking Advantage Ultra member