Macerich Files New Shelf Registration, Continues ATM Program
The Macerich Company filed a new automatic shelf registration statement on Form S-3 to replace its previous one, which expired on August 4, 2026. This new filing allows the company to continue various offerings, including its "at the market" (ATM) program, which has $288,499,793 of common stock remaining for sale out of an initial $500,000,000 authorization. Additionally, the company filed prospectus supplements for the issuance of common stock related to the redemption of various partnership units and for the resale of common stock. The company also amended its Equity Distribution Agreement to include Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. as additional sales agents for the ATM program.
Key Highlights
- Filed new automatic shelf registration statement on Form S-3 to replace expired one.
- Prior shelf registration statement expired on August 4, 2026.
- Continued "at the market" (ATM) offering program with $288,499,793 remaining for sale.
- ATM program initially authorized for up to $500,000,000 in common stock.
- Up to 122,595 shares of common stock may be issued for MACWH/OP unit redemptions.
- Up to 148,305 shares of common stock may be issued upon redemption of OP Units.
- Up to 13,453,613 shares of common stock for resale upon redemption of OP Units.
- Added Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. as ATM sales agents.
Price Impact
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