trending Market Intelligence /marketintelligence/en/news-insights/trending/reg7Y8URRW03QWo6k06KjA2 content esgSubNav
In This List

Macerich amends credit agreement


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Macerich amends credit agreement

MacerichCo. and its operating partnership amended their , providing for a $1.5billion revolving loan facility maturing July 6, 2020.

Macerich Partnership LP, the borrower under the agreement,can extend the maturity to July 6, 2021, and it can increase the facility by afurther $500 million under certain conditions. Commitments under the accordionfeature can be made as incremental revolver commitments or as commitments to anew term loan tranche, and there is a sublimit of $50 million for swinglineadvances under the amended agreement.

Deutsche Bank AG New York Branch is administrative agent,while Deutsche Bank Securities Inc., JPMorgan Chase Bank NA, Wells FargoSecurities LLC, Goldman Sachs Bank USA and U.S. Bank NA are joint leadarrangers and joint book-running managers. JPMorgan Chase Bank, Wells FargoBank NA, Goldman Sachs Bank USA and U.S. Bank NA are co-syndication agents, andPNC Bank NA is documentation agent.