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Macerich Co (MAC.N)

MAC.N on New York Stock Exchange

88.96USD
22 Jul 2016
Change (% chg)

$-0.03 (-0.03%)
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$88.99
Open
$89.19
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$89.51
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$88.84
Volume
282,154
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342,553
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$89.51
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$68.57

Latest Key Developments (Source: Significant Developments)

Macerich Co enters into second amended, restated credit agreement
Tuesday, 12 Jul 2016 05:33pm EDT 

Macerich Co : On July 6, entered into a second amended and restated credit agreement - SEC filing . Amended credit agreement provides for a $1.5 billion revolving loan facility that matures on July 6, 2020 . Amended credit agreement provides for revolving loan facility with an option to extend maturity until July 6, 2021 . Has ability from time to time to increase size of facility by up to an additional $500 million .Amended credit agreement also provides for a sublimit of $50 million for swing line advances.  Full Article

Macerich Co - enters share repurchase agreement with investment bank
Friday, 13 May 2016 04:14pm EDT 

Macerich Co : On May 9, entered into an accelerated share repurchase agreement with one if its investment banks - SEC filing . Agreed to repurchase $400 million of its outstanding common stock, with an aggregate initial delivery of approximately 4 million shares .Macerich Co says is funding asr with cash proceeds generated from recent sale of joint venture interests in four malls and related refinancings.  Full Article

Macerich Co Reaffirms FY 2016 FFO guidance
Tuesday, 3 May 2016 04:01pm EDT 

Macerich Co:Reaffirming its previous estimate of diluted EPS and FFO per share guidance for FY 2016.Sees FY 2016 Diluted EPS $3.73 - $3.83.Sees FY 2016 Diluted FFO per share $4.05 - $4.15.  Full Article

Macerich Co declares quarterly dividend on its common shares
Tuesday, 26 Apr 2016 06:00am EDT 

Macerich Co:Declared a quarterly cash dividend of $.68 per share of common stock.Dividend is payable on June 3 to stockholders of record date as on May 5.  Full Article

Macerich Co gives FY 2016 FFO guidance
Wednesday, 3 Feb 2016 04:16pm EST 

Macerich Co:Sees FY 2016 Diluted EPS $3.73 - $3.83.Sees FY 2016 Diluted FFO per share $4.05 - $4.15.  Full Article

Macerich declares quarterly dividend on common shares
Friday, 29 Jan 2016 09:16am EST 

Macerich co:Declares a quarterly cash dividend of $.68 per share of common stock.Payable on March 4, 2016 to stockholders of record at the close of business on February 19, 2016.  Full Article

Macerich Co declares two special dividends
Monday, 2 Nov 2015 06:00am EST 

Macerich Co:Says On October 30, 2015 the Board of Directors of The Macerich Company declared two special dividends each of $2.00 per share of common stock.First dividend is payable on December 8 to stockholders of record date as on November 12.Second dividend is payable on January 6, 2016 to stockholders of record at the close of business on November 12.  Full Article

Macerich Co announces its quarterly dividend
Friday, 23 Oct 2015 08:00am EDT 

Macerich Co:Declares an increase in its quarterly dividend.Increases quarterly cash dividend by 4.4 percent to $0.68 per share.  Full Article

Macerich Co reaffirms FY 2015 FFO guidance
Wednesday, 7 Oct 2015 04:30pm EDT 

Macerich Co:Reaffirms its previously provided FY 2015 FFO per share guidance range of $3.86 to $3.94.  Full Article

Macerich announces joint ventures on assets valued at $5.4 billion
Wednesday, 30 Sep 2015 05:45pm EDT 

Macerich Co :Announces joint ventures on assets valued at $5.4 billion.Says gic will have a 40% interest in five assets and heitman will have a 49% interest in three assets.Says planning to put financing on south plains mall and twenty ninth street center.Reached deal to form jvs to which co will contribute interests in 8 assets with cash proceeds to Macerich totaling $2.3 billion.Says will refinance the debt on Washington square, los Cerritos center and arrowhead towne center.Use of the proceeds is expected to include share repurchases under the company's $1.2 billion share repurchase program.Included in the total cash proceeds is macerich's share of the excess financing proceeds which is estimated to be $1.14 billion.Use of proceeds expected to include pay down of line of credit debt balance, for special dividend in range of $3.50-$4.50 per share.  Full Article

BRIEF-Macerich Co enters into second amended, restated credit agreement

* On July 6, entered into a second amended and restated credit agreement - SEC filing