UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  April 15, 2010

 

THE MACERICH COMPANY

(Exact Name of Registrant as Specified in its Charter)

 

Maryland

 

1-12504

 

95-4448705

(State or Other Jurisdiction of
Incorporation or Organization)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

401 Wilshire Boulevard, Suite 700
Santa Monica, California

 

90401

(Address of Principal Executive Offices)

 

(Zip Code)

 

(310) 394-6000

(Registrant’s Telephone Number, Including Area Code)

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 240.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01               Other Events.

 

On April 15, 2010, The Macerich Company (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc., as representatives of the several underwriters listed on Schedule I thereto (the “Underwriters”), pursuant to which the Company agreed to issue and sell up to 30,000,000 shares of the Company’s common stock, par value $0.01 per share, to the Underwriters.  In addition, the Company granted the Underwriters a 30-day option to purchase up to 4,500,000 additional shares to cover over-allotments, if any.  The transaction contemplated by the Underwriting Agreement is expected to close on April 20, 2010, subject to the satisfaction of customary closing conditions.  Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC acted as joint book-running managers and underwriters for the offering.

 

The Company intends to use the net proceeds of the offering to repay indebtedness and/or for general corporate purposes.  Affiliates of each of Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are lenders under the Company’s revolving line of credit and lenders for certain of the mortgages on the Company’s properties, and therefore will receive their pro rata share of any net proceeds from this offering that the Company uses to repay any such indebtedness under which they are lenders.

 

The Underwriting Agreement is filed as Exhibit 1.1 to this Form 8-K and is incorporated herein by this reference.  The description of the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit.

 

The press release announcing the pricing of the offering is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 9.01               Financial Statements and Exhibits.

 

(d)

 

Exhibits

 

 

 

1.1

 

Underwriting Agreement, dated April 15, 2010, by and among the Company, Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.

 

 

 

5.1

 

Opinion of Venable LLP

 

 

 

8.1

 

Opinion of O’Melveny & Myers LLP

 

 

 

23.1

 

Consent of Venable LLP (included in Exhibit 5.1)

 

 

 

23.2

 

Consent of O’Melveny & Myers LLP (included in Exhibit 8.1)

 

 

 

99.1

 

Press Release of the Company dated April 15, 2010

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

THE MACERICH COMPANY

 

 

(Registrant)

 

 

 

 

 

 

 

By:

/s/ Thomas E. O’Hern

Date:

April 15, 2010

 

 

Thomas E. O’Hern

 

 

Senior Executive Vice President, Chief Financial Officer and Treasurer

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

1.1

 

Underwriting Agreement, dated April 15, 2010, by and among the Company, Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.

 

 

 

5.1

 

Opinion of Venable LLP

 

 

 

8.1

 

Opinion of O’Melveny & Myers LLP

 

 

 

23.1

 

Consent of Venable LLP (included in Exhibit 5.1)

 

 

 

23.2

 

Consent of O’Melveny & Myers LLP (included in Exhibit 8.1)

 

 

 

99.1

 

Press Release of the Company dated April 15, 2010

 

4