8-K - Simon Property Group, Inc. | StockGist

AI Analysis

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Simon Property Group, L.P. amended and extended its $5.0 billion senior unsecured multi-currency revolving credit facility to June 30, 2030, with option for two additional six-month extensions, and amended its $3.5 billion supplemental facility to align pricing. The facilities support borrowings in multiple currencies for general corporate purposes.

Key Takeaways

1Fourth Amended and Restated $5.0 billion revolving credit facility effective March 5, 2026

2Initial borrowing capacity $5.0 billion, increasable to $6.0 billion

3Maturity extended to June 30, 2030, extendable up to one year at Company's option

4Interest margins based on corporate credit rating: 0.625%-1.350% over benchmarks or 0.000%-0.350% over Base Rate

5Facility fee 0.100%-0.300% on commitments

6Amendment No. 2 to $3.5 billion supplemental facility aligns margins with main facility

Current Report Details

Event Type

Material Agreement

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. Fourth Amended and Restated Revolving Credit Facility On March 5, 2026, Simon Property Group, L.P. (the “Company”) a

Material Agreement

2.03

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The disclosure required by this Item is inclu

Financing

9.01

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Fourth Amended and Restated $5,000,000,000 Credit Agreement dated as of March 5, 20

Exhibits Only

Transaction Details

Material Agreement

Agreement: Fourth Amended and Restated $5,000,000,000 Credit Agreement
Parties: Simon Property Group, L.P., JPMorgan Chase Bank, N.A. as Administrative Agent, Various Lenders

•Initial borrowing capacity $5.0 billion, increasable to $6.0 billion
•Maturity date June 30, 2030, extendable for two additional six-month periods
•Borrowings in U.S. Dollars, Euro, Yen, Sterling, Canadian Dollars, Australian Dollars
•Interest at Term SOFR/Local Rates + margin 0.625%-1.350% or Base Rate + 0.000%-0.350%
•Facility fee 0.100%-0.300%
•Covenants on leverage to capitalization value and EBITDA coverage
•For general corporate purposes

Debt / Financing

Instrument: Senior unsecured multi-currency revolving credit facility
Principal: $5.0 billion (increasable to $6.0 billion)
Rate: Term SOFR Rate, Local Rate, CORRA, EURIBOR, TIBOR, SONIA, Daily Simple SOFR, or Base Rate plus margin 0.000%-1.350% based on credit rating
Maturity: June 30, 2030 (extendable up to one year)
Use of Proceeds: General corporate purposes

Exhibits (4)

8-K

FORM 8-K

99.1

EXHIBIT 99.1

99.2

EXHIBIT 99.2

99.3

EXHIBIT 99.3