Simon Property Group amends and extends $3.5 billion revolving credit facility to 2029
Simon Property Group, L.P., the operating partnership of SPG, amended and extended its $3.5 billion multi-currency revolving credit facility on September 19, 2024. The facility can grow to $4.5 billion during its term, and its maturity moved from January 31, 2026 to January 31, 2029, with an optional extension to 2030. The company said the facility, combined with its existing $5.0 billion facility, gives it $8.5 billion of total revolving credit capacity.
Key points
- Initial borrowing capacity of $3.5 billion, expandable to $4.5 billion during the term
- Maturity extended to January 31, 2029 from January 31, 2026, with an option to extend to January 31, 2030
- Dollar borrowing rate unchanged from the prior facility at SOFR plus 82.5 basis points, based on current credit ratings
- Facility supported by a lender group of 28 banks
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 19, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.