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AI brief of an SEC Form 8-K · Macerich (MAC)

Macerich completes $775 million sale of 2.25% exchangeable senior notes due 2031

Neutral Impact 3 of 5 financing Written later

Macerich's operating partnership completed the sale of $775 million of 2.25% exchangeable senior notes due August 15, 2031, including the full exercise of a $100 million option for additional notes. The notes are exchangeable into Macerich common stock at an initial price of about $28.19 per share, and the filing says the company disclosed net proceeds and capped call plans in earlier press releases.

Key points

  • Aggregate principal of $775 million, including the $100 million option exercised in full
  • Interest at 2.25% per year, payable February 15 and August 15, beginning February 15, 2027
  • Initial exchange price of about $28.19 per share, a premium of about 20% over the $23.49 closing price on August 6, 2026
  • Earlier release estimated net proceeds of about $659.1 million before the option, with about $39.2 million used for capped call transactions

The filing

CompanyMacerich (MAC)
Form8-K, current report
Filed with the SECAug 11, 2026, 4:52 PM ET
Accession number0001193125-26-344920

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing 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 August 11, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.