Macerich Announces Commencement of Public Offering of Common Stock

Macerich (NYSE: MAC) announced the commencement of an underwritten public offering of 14 million shares of common stock through forward sale agreements with Goldman Sachs and other financial institutions. The company will not receive proceeds initially but intends to use future settlement proceeds for acquisition opportunities and general corporate purposes. Goldman Sachs is serving as lead bookrunner, with an option to purchase up to 2.1 million additional shares.