Simon Property Group Sells $500 Million of 5-Year Senior Notes
INDIANAPOLIS,
Aug. 6 /PRNewswire-FirstCall/ --
Simon Property Group, Inc. (NYSE: SPG) announced today that its majority-owned partnership subsidiary,
Simon Property Group, L.P., has agreed to sell
$500 million aggregate principal amount of its 6.75% senior unsecured notes due 2014 in an underwritten offering through
Citigroup Global Markets Inc.,
Deutsche Bank Securities Inc.,
Goldman, Sachs & Co., and
UBS Securities LLC, as joint book-running managers. The notes were priced at 105.029% of the principal amount plus accrued interest from
May 15, 2009 to yield 5.46% to maturity. The offering is expected to close on
August 11, 2009.
Today's issue is a re-opening of the 6.75% notes due 2014 issued on
May 15, 2009. Upon closing, there will be
$1.1 billion of this series of senior notes outstanding.
Simon Property Group, L.P. intends to use the net proceeds of the offering for general business purposes.
Copies of the prospectus and prospectus supplement may be obtained from
Citigroup Global Markets Inc., toll-free at 1-877-858-5407;
Deutsche Bank Securities Inc., toll-free at 1-800-503-4611;
Goldman, Sachs & Co., 85 Broad Street,
New York, NY 10004, Attention: Prospectus Department, toll-free at 1-866-471-2526; or
UBS Securities LLC, 299 Park Avenue,
New York, New York 10171, Attention: Prospectus Department, toll-free at 1-877-827-6444, ext. 561-3884.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.
