Macerich repays portion of revolver, refinances Kings Plaza loan

By Sarah Lizee

Olympia, Wash., Dec. 12 – Macerich Co. repaid a portion of its revolving line of credit with proceeds from a new $540 million loan due Jan. 1, 2030 on Kings Plaza in Brooklyn, N.Y., according to a press release.

The new loan refinanced the company’s previous $427.4 million loan on Kings Plaza and bears a fixed interest rate of 3.62%.

Macerich is a Santa Monica, Calif.-based real estate investment trust.

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