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
Fourth Amended and Restated $5.0 billion revolving credit facility effective March 5, 2026
Initial borrowing capacity $5.0 billion, increasable to $6.0 billion
Maturity extended to June 30, 2030, extendable up to one year at Company's option
Interest margins based on corporate credit rating: 0.625%-1.350% over benchmarks or 0.000%-0.350% over Base Rate
Facility fee 0.100%-0.300% on commitments
Amendment No. 2 to $3.5 billion supplemental facility aligns margins with main facility