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Dec. 17, 2002

Macerich Eases Debt by Selling 15 Million Shares

The Macerich Co. has sold 15.2 million shares of common stock in a public offering, which will help the real estate investment trust pay off debt associated with a recent acquisition.

        

By Toni Vranjes
        The Macerich Co. has sold 15.2 million shares of common stock in a public offering, which will help the real estate investment trust pay off debt associated with a recent acquisition.
        "It was one of the largest common stock offerings thi...

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