Simon Property Group Sells $800 Million of Senior Notes

Core Viewpoint - Simon Property Group, L.P. has announced the sale of $800 million in senior notes with a coupon rate of 4.300% due in 2031, aimed at refinancing existing debt [1][2]. Group 1: Financial Details - The new senior notes have a term of 5 years and a coupon rate of 4.300% [2]. - The proceeds from this offering will be used to repay $800 million of outstanding 3.300% notes due in 2026 [2]. Group 2: Management and Offering Process - BofA Securities, Deutsche Bank Securities, Goldman Sachs, and RBC Capital Markets are the joint book-running managers for this public offering [3]. - The offering is being conducted under the Operating Partnership's shelf registration statement filed with the SEC [3]. Group 3: Company Overview - Simon is a real estate investment trust focused on premier shopping, dining, entertainment, and mixed-use destinations, and is part of the S&P 100 [9]. - The company operates properties across North America, Europe, and Asia, serving as community gathering places and generating billions in annual sales [9].