Mall Owner Macerich Taps PJT Partners to Help Wrangle Debt The investment bank will advise the REIT on options for a $1.5 billion revolving credit facility that comes due in July. Bloomberg | Feb 24, 2021
(Bloomberg) Mall owner Macerich Co. tapped PJT Partners Inc. for help managing its debt load as pandemic-related closures and retailer bankruptcies crimp its cash flows, according to people with knowledge of the matter.
PJT, an investment bank with specialties including debt restructuring, will advise the real estate investment trust on options for a $1.5 billion revolving credit facility that comes due in July, said the people, who asked not to be named discussing private negotiations.