Simon Property Group Announces $1.0 Billion Senior Notes Sale

Simon Property Group, a leading real estate investment trust specializing in premier shopping, dining, and entertainment destinations, has revealed plans to sell $1.0 billion in senior notes due 2034.
Major Offering:
The new issue, with a 10-year term and a 4.750% coupon rate, is set to close on September 26, 2024. Simon intends to use the proceeds for general corporate purposes, including debt repayment.
Key Players:
BNP Paribas, Citigroup, PNC Capital Markets LLC, and US Bancorp are joint book-running managers for the offering, conducted under Simon Property Group, L.P.'s shelf registration statement.
How to Inquire:
Interested parties can obtain detailed information from BNP Paribas Securities Corp., Citigroup Global Markets Inc., PNC Capital Markets LLC, and U.S. Bancorp Investments, Inc.
Legal Disclaimer:
This press release doesn't constitute an offer to sell or solicit a purchase, with potential risks and uncertainties outlined in the forward-looking statements section.
About Simon:
Simon is a renowned S&P 100 company that owns premier shopping and entertainment hubs in North America, Europe, and Asia, fostering community engagement and delivering significant annual revenue. #RealEstate #Investment #CorporateNews