Simon® Announces $5.0 Billion Revolving Credit Facility and Amendment to $3.5 Billion Revolving Credit Facility

Core Viewpoint - Simon® has announced a $5.0 billion revolving credit facility and an amendment to its existing $3.5 billion revolving credit facility, enhancing its financial flexibility and reducing borrowing costs [1]. Group 1: Credit Facility Details - The amended $5.0 billion multi-currency unsecured revolving credit facility will initially mature on June 30, 2030, with an option to extend for an additional year to June 30, 2031 [1]. - The interest rate for U.S. Dollar borrowings under the new facility is 15.0 basis points lower than the previous facility, set at SOFR plus 65.0 basis points [1]. - The facility is supported by a diverse lender group of 28 banks, with JPMorgan Chase, BofA Securities, PNC Capital Markets, Wells Fargo Securities, and Mizuho Bank acting as Joint Lead Arrangers and Joint Bookrunners [1]. Group 2: Existing Credit Facility Amendment - The existing $3.5 billion multicurrency unsecured revolving credit facility has been amended to align its applicable margin with the pricing under the new $5.0 billion revolving credit facility [1].