Macerich amends $900 million revolving credit facility, maturing March 1, 2029
On February 24, 2026, Macerich's operating partnership, The Macerich Partnership, L.P., entered a Second Amended and Restated Credit Agreement that provides a $900 million revolving loan facility. The agreement replaces a credit agreement dated September 11, 2023, and lets the borrower increase the facility up to $1.1 billion, subject to lender commitments and other conditions. The facility is secured by mortgages and equity pledges and includes a borrowing base covenant and financial covenants.
Key points
- Revolving loan facility of $900 million, maturing March 1, 2029, with an option to extend to March 1, 2030.
- Facility can be increased to an aggregate $1.1 billion, subject to lender commitments and other conditions.
- At signing, the applicable margin was 0.90% for Base Rate loans and 1.90% for Term SOFR loans.
- Secured by mortgages on certain wholly-owned assets and pledges of certain equity interests; requires a Borrowing Base Maintenance Covenant.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.