Simon Property Group Sells $800M of Senior Notes

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Simon Property Group announced Wednesday that its operating partnership agreed to sell $800 million of senior notes, comprising $400 million of 5.25% notes due 2032 and $400 million of 5.65% notes due 2036. The company plans to use the proceeds to repay part or all of its $750 million notes due 2026, with any remaining funds allocated for general corporate purposes.

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Real Estate▼ · 1 stocks
Simon Property Group Inc
SPG
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Issues $800M of new debt to refinance existing notes, increasing leverage and interest costs.

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