SPG Boosts Flexibility With $3.5B Revolving Credit Facility [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
Simon Property SPG recently announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has amended, restated and extended its multi-currency unsecured revolving credit facility amounting to $3.5 billion. This $3.5 billion credit facility strengthens the retail REIT's existing strong financial flexibility. When combined with the company's existing $5 billion senior unsecured credit facility, it provides $8.5 billion of total revolving credit capacity. The facility is set to mature on Jan. 31, 2029, with the possibility of a one-year extension to Jan. 31, 2030, at the sole discretion of the Simon Property Group, L.P. Given the current credit ratings of the operating partnership subsidiary, the interest rate for U.S. Dollar borrowings remains unchanged with the previous facility, calculated at SOFR plus 82.5 basis points, which includes a 10-basis point adjustment for the SOFR spread. This facility is backed by a diverse group of 28 banks from
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SPG
News
- Simon Property Group Announces $3.5 Billion Revolving Credit FacilityPR Newswire
- SPG Expands and Renovates Busan Premium Outlets in South Korea [Yahoo! Finance]Yahoo! Finance
- How To Put $100 In Your Retirement Fund Each Month With Simon Property [Yahoo! Finance]Yahoo! Finance
- Simon® Completes Expansion of Busan Premium OutletsPR Newswire
- Ken Ohashi: From bankruptcy to billion dollar boom at Brooks Brothers [Fortune]Fortune
SPG
Earnings
- 8/5/24 - Miss
SPG
Sec Filings
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- SPG's page on the SEC website