Simon Property Group agrees to sell USD 800 million senior notes
SPG•Simon Property Group prices USD 800 million senior notes offering
Simon Property Group priced a USD 800 million senior notes offering through its operating partnership.
- The deal includes USD 400 million 5.250% Notes due 2032 and USD 400 million 5.650% Notes due 2036.
- The offering is expected to close Sept. 16.
- Net proceeds are earmarked to repay part or all of USD 750 million 3.250% notes due 2026.
- Remaining proceeds are targeted for general corporate purposes, including repayment of other unsecured debt.
