Macerich prices upsized USD 675 million exchangeable senior notes offering due 2031
Reuters2026/08/07 11:03- Macerich priced an upsized USD 675 million private offering of 2.25% exchangeable senior notes due 2031.
- Deal increased from USD 600 million; settlement set for Aug. 11.
- Initial purchasers hold a 13-day option to buy up to an additional USD 100 million of notes.
- Net proceeds estimated at about USD 659.1 million, earmarked mainly for refinancing secured debt.
- Issuer entered capped call hedges; about USD 39.2 million of proceeds allocated to the transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple Rarely Signs 3-5 Year NAND Long-Term Contracts, May Not Set Price Cap; AI Squeezes Capacity, Shifting Bargaining Power in Storage
Apple is negotiating a 3-5 year long-term NAND flash memory contract with Kioxia, potentially without a price cap. This marks a shift in its procurement strategy from "lower prices and multiple sources" to "volume lock-in and long-term contracts." The change is driven by fierce competition among AI data center clients for storage capacity, forcing Apple to prioritize supply security. Pricing power for storage chips is shifting from buyers to sellers, and the duration of this storage cycle may exceed traditional market expectations.
India Gold price today: Gold rises, according to FXStreet data
The US dollar briefly rebounded to 153.5 against the Japanese yen, down 1.7% in 24 hours.
Silver Price Forecast: XAG/USD jumps to near $37 amid drop in US Dollar, bond yields
Crypto prices
More
