Business
Simon Property Group Sells $800 Million of Senior Notes
Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $800 million aggregate principal amount of its 4.300% Notes due 2031.
About this update from Simon Property Group, Inc.
[{"type":"text","content":"INDIANAPOLIS, Jan. 6, 2026 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $800 million aggregate principal amount of its 4.300% Notes due 2031.","length":413,"tagName":"p"},{"type":"image","alt":"Simon (PRNewsfoto/Simon)","displaySize":"","headline":null,"caption":"Simon (PRNewsfoto/Simon)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":231,"url":"https://media.zenfs.com/en/prnewswire.com/b4ce8a79de68a4a2cafe38768e84baf2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/d1eTpYBnu6sbOdApO2pgig--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b4ce8a79de68a4a2cafe38768e84baf2","width":400,"height":231}},"href":"https://mma.prnewswire.com/media/178536/simon_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The new issue of senior notes has a term of 5 years and a coupon rate of 4.300%. The offering is expected to close on January 13, 2026, subject to the satisfaction of customary closing conditions.","length":196,"tagName":"p"},{"type":"text","content":"The Operating Partnership intends to use the proceeds of the offering to repay its $800 million outstanding principal amount of 3.300% notes due 2026.","length":150,"tagName":"p"},{"type":"text","content":"BofA Securities, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC are serving as joint book-running managers of the public offering, which is being conducted under the Operating Partnership's shelf registration statement filed with the Securities and Exchange Commission. Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus.","length":424,"tagName":"p"},{"type":"text","content":"When available, copies of the prospectus supplement and accompanying prospectus can be obtained by contacting: BofA Securities, Inc., 201 North Tryon Street, NC1-022-02-25, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, telephone: 1-800-294-1322 or email: [email protected]; Deutsche Bank Securities Inc., ...