MACERICH CO (MAC) 8-K Current Report: February 26, 2026
Filed: February 26, 2026
Financials
Real Estate Investment TrustsMACERICH CO (MAC) 8-K current report filed with SEC EDGAR on February 26, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items1 item
- Item 2.03: Creation of a Direct Financial Obligation
MACERICH CO 8-K Feb 26, 2026 Event Analysis
Item 2.03 · Creation of a Direct Financial Obligation
- • Revolving credit facility upsized to $900M (expandable to $1.1B), maturing March 1, 2029 with one-year extension option to 2030
- • Current margin: 0.90% over Base Rate / 1.90% over Term SOFR; improves significantly (to 0.35%–1.65% range) upon hitting net debt/EBITDA targets
- • Facility secured by mortgage liens on wholly-owned assets; lien release possible once leverage ratio threshold achieved — signals path to unsecured status
- • Replaces September 2023 credit agreement; Deutsche Bank leads syndicate including JPMorgan, Goldman, BMO, TD, and Morgan Stanley
- • Borrowing Base Maintenance Covenant requires collateral value ≥ outstanding borrowings at all times — key covenant to monitor for headroom
Other MACERICH CO 8-K Filings
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