Simon Property Group’s operating partnership amended, restated and extended its $5.0 billion multi-currency unsecured revolving credit facility, setting an initial maturity of June 30, 2030 with an option to extend to June 30, 2031. The new pricing lowers the margin on U.S. dollar borrowings by 15 basis points to SOFR plus 65 basis points, and the company also amended its existing $3.5 billion revolving credit facility to align its margin with the updated terms. The facilities are backed by a 28-bank group led by JPMorgan Chase, BofA Securities, PNC Capital Markets, Wells Fargo Securities and Mizuho Bank.

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