Simon Property Group rolls out $2.25B offering

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based shopping mall giant Simon Property Group Inc. announced Tuesday a $2.25 billion public offering of its senior unsecured notes by its majority-owned partnership subsidiary.

The offering by Simon Property Group LP is expected to close Jan. 25.

Proceeds from the offering will be used for general corporate purposes and to fund the purchase of senior notes.

The offering consists of $400 million of 4.2 percent notes due 2015, $1.25 billion of 5.65 percent notes due 2020 and $600 million of 6.75 percent notes due 2040.

Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., RBS Securities Inc. and Barclays Capital Inc. will act as joint book-running managers. Calyon Securities Inc., Fifth Third Securities Inc., Morgan Keegan & Company Inc., RBC Capital Markets Corp., Scotia Capital Inc. and SunTrust Robinson Humphrey Inc. will act as co-managers.

Shares of Simon Property Group Inc. rose $1.77, or 2.4 percent, on  Tuesday to close at $76.66 each.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ