Macerich Company (MAC) said Monday it commenced an underwritten public offering of 14 million common shares through forward sale agreements and granted underwriters a 30-day option to purchase up to an additional 2.1 million shares.
The REIT said it expects to use proceeds received upon future settlement of the forward sale agreements to fund acquisition opportunities and for general corporate purposes.
The company may settle the forward sale agreements through June 16, 2027. Goldman Sachs is lead bookrunner for the offering.
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