** Shares of Macerich MAC.N down 2.5% to $19.82 post-market as retail real estate investment trust $(REIT)$ seeks equity raise
** Santa Monica, California-based firm commences 18 mln share offering
** It plans to use net offering proceeds to help repay $478 mln mortgage loan with a fixed effective interest rate of approx 9.0% and which is secured by its Washington Square property in Oregon
** Goldman Sachs lead bookrunner for offering
** MAC has ~225.5 mln shares outstanding for ~$4.6 bln market cap
** Shares on Mon closed up 3% at $20.32, extending YTD gain to ~32%
(Lance Tupper is a Reuters market analyst. The views expressed are his own))
((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
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