Page 9 - Tom Ohern News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Macerich Renews Corporate Credit Facility News provided by Share this article Share this article SANTA MONICA, Calif., April 14, 2021 /PRNewswire/ -- Today, the Macerich Company (NYSE: MAC, the "Company") closed on the renewal of its corporate credit facility. The $700 million facility includes both a revolving line of credit totaling $525 million and a term loan totaling $175 million. The revolver has a two-year initial term plus a one-year extension option and the term loan has a three-year term. At closing, the floating interest rate will be LIBOR + 2.75%, and $495 million will be drawn on...

Operator Good day, and welcome to The Macerich Company fourth-quarter 2020 earnings conference call. Today's conference is being recorded. And at this time, I'd like to turn the conference over to Jean Wood, vice president of investor relations. Please go ahead. Jean Wood -- Vice President, Investor Relations Thank you for joining us on our fourth-quarter 2020 earnings call. During the course of this call, we will be making certain statements that may be deemed forward-looking within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995, including statements ...