The largest of the bunch is a $250 million refinancing ofWashington Square Mall near Portland, OR. The seven-year fixed-rateloan is expected to close in the 4th quarter of 2008. The interestrate has been locked at 6.00%. The current loan of $128 million isschedule to mature in February 2009.

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On October 15, Macerich expects to close on a $90-million loanon South Towne Center in Sandy, Utah. The seven-year fixed rateloan will have an interest rate of 6.25%. Earlier this week, thecompany closed on a $29.7 million loan on Chandler Festival and an$18.9 million loan on Chandler Gateway. Both loans are for aseven-year term with a fixed interest rate of 6.15%.

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At the end of July, the Company closed on a $150 millionrefinancing of Broadway Plaza in the Northern California's WalnutCreek area. The new loan bears interest at a fixed rate of 6.11%and has a seven year term. The prior loan amount was $58.8million.

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The creditors in each case are either relationship lifeinsurance companies or pension funds. Macerich did not immediatelyrespond to a request for information on the planned use of the netproceeds from each asset.

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Including these transactions, the company's year-to-datefinancings total approximately $1.6 billion. As of the end of June,the company's debt to market capitalization ratio was 58.8%, upfrom 53.7% at the end of 2007 and 45.5% at the end of 2006,according to SEC filings. The company is scheduled to report itsthird quarter results next month.

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