SPG Boosts Flexibility With $3.5B Revolving Credit Facility
SPGSimon Property(SPG) ZACKS·2024-09-21 01:46

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 3.5billion.This3.5 billion.This 3.5 billion credit facility strengthens the retail REIT’s existing strong financial flexibility. When combined with the company’s existing 5billionseniorunsecuredcreditfacility,itprovides5 billion senior unsecured credit facility, it provides 8.5 billion of total revolving credit capacity.The facility is set ...