Simon Property Group amends and extends $5.0 billion revolving credit facility to 2030
Simon Property Group, L.P. amended and extended its $5.0 billion senior unsecured revolving credit facility on March 5, 2026, pushing the initial maturity to June 30, 2030 and allowing the capacity to rise to $6.0 billion. The company also amended its $3.5 billion supplemental revolving facility to align its margin with the new pricing, which matters to shareholders because it sets the borrowing terms and liquidity available to the operating partnership for general corporate purposes.
Key points
- Credit facility capacity: $5.0 billion, expandable to $6.0 billion during its term
- Initial maturity extended to June 30, 2030, with two additional six-month extension options at the company's option
- Interest margin tied to corporate credit rating: 0.625% to 1.350% over benchmark rates; facility fee 0.100% to 0.300%
- Supplemental facility of $3.5 billion amended on March 5, 2026 to conform margin to the new pricing
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 March 05, 2026.
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.