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Stock impact report

SIMON PROPERTY GROUP SELLS $1.2 BILLION OF SENIOR NOTES [TheStreet.com]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: TheStreet.com
INDIANAPOLIS, Jan. 4, 2022 /PRNewswire/ -- Simon, a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell: $500 million aggregate principal amount of its Floating Rate Notes due 2024, and $700 million aggregate principal amount of its 2.650% Notes due 2032. The offering is expected to close on January 11, 2022, subject to customary closing conditions. The Operating Partnership intends to use the net proceeds of the offering to repay indebtedness outstanding under its $3.5 billion supplemental senior unsecured revolving credit facility and for general corporate purposes, including to repay other indebtedness. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Santander Investment Securities Inc. and Wells Fargo Securities, LLC are serving as joint book-running managers of the public Show less Read more
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