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Simon Property Group Sells $1.35 Billion Of Senior Notes

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INDIANAPOLIS, Nov. 30, 2017 /PRNewswire/ — Simon, a global leader in premier shopping, dining and entertainment destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the “Operating Partnership”), has agreed to sell $600 million principal amount of its 2.750% senior notes due June 1, 2023, and $750 million principal amount of its 3.375% senior notes due December 1, 2027.  Combined, the new issues of senior notes have a weighted average term of 8.0 years and a weighted average coupon rate of 3.10%. The offering is expected to close on December 11, 2017, subject to customary closing conditions.

The Operating Partnership intends to use the net proceeds of the offering to fund the planned optional redemption at par of all $750 million aggregate principal amount of its 1.50% notes due February 2018 and for general corporate purposes.

Barclays, Citigroup, RBC Capital Markets and SMBC Nikko are serving as joint book-running managers of the public offering, which is being conducted under the Operating Partnership’s shelf registration statement filed with the Securities and Exchange Commission.  Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus.

When available, copies of the prospectus supplement and accompanying prospectus can be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling toll-free 1-888-603-5847 or by emailing barclaysprospectus@broadridge.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling toll-free at 1-800-831-9146 or by e-mailing prospectus@citi.com; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Transaction Management, by calling toll-free 1-866-375-6829 or by emailing: rbcnyfixedincomeprospectus@rbccm.com; or SMBC Nikko Securities America, Inc., Attention: Securities Operations, 277 Park Avenue, New York, New York 10172, by calling toll-free 1-888-868-6856 or by emailing prospectus@smbcnikko-si.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Forward-Looking Statements

Certain statements made in this press release may be deemed “forward‑looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Although we believe the expectations reflected in

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