SPG Boosts Flexibility With $3.5B Revolving Credit Facility

Simon Property (SPG) recently announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has amended, restated and extended its multi-currency unsecured revolving credit facility amounting to $3.5 billion.This$3.5 billion credit facility strengthens the retail REIT’s existing strong financial flexibility. When combined with the company’s existing $5 billion senior unsecured credit facility, it provides$8.5 billion of total revolving credit capacity.The facility is set ...