Simon Property Group sells $1.5 billion of senior notes

Published 2 months ago Positive
Simon Property Group sells $1.5 billion of senior notes
Auto
* Simon Property Group (NYSE:SPG [https://seekingalpha.com/symbol/SPG]) has agreed [https://seekingalpha.com/pr/20198842-simon-property-group-sells-1_5-billion-of-senior-notes] to sell $700.0 million aggregate principal amount of its 4.375% Notes due 2030 and $800.0 million aggregate principal amount of its 5.125% Notes due 2035.
* Combined, the two new issues of senior notes have a weighted average term of 7.8 years and a weighted average coupon rate of 4.775%.
* The offering is expected to close on August 19, 2025.

MORE ON SIMON PROPERTY

* Simon Property Group: Guidance Raise, Dividend Hike, And 5% Yield - What's Not To Like? [https://seekingalpha.com/article/4812053-simon-property-group-guidance-raise-dividend-hike-5-percent-yield-whats-not-to-like]
* Simon Property Group: A Great REIT At The Wrong Price [https://seekingalpha.com/article/4804951-simon-property-group-great-reit-at-wrong-price]
* Simon Property names Eli Simon COO [https://seekingalpha.com/news/4481344-simon-property-names-eli-simon-coo]
* Simon Property Group raises 2025 FFO guidance and acquires Brickell City Centre while strengthening occupancy [https://seekingalpha.com/news/4478065-simon-property-group-raises-2025-ffo-guidance-and-acquires-brickell-city-centre-while]