Simon Property amends, extends $4 billion multicurrency revolver

By Tali Rackner

Norfolk, Va., March 17 – Simon Property Group LP amended and extended its $4 billion unsecured multicurrency revolving credit facility, according to a press release.

The facility, which includes an up to $1 billion expansion option, provides for borrowings denominated in dollars, euro, Sterling, Canadian dollars and Australian dollars.

The revolver initially matures on June 30, 2021 and can be extended for an additional year to June 30, 2022 at the company’s option.

Interest was lowered to Libor plus 77.5 basis points.

JPMorgan Chase Bank NA and Merrill Lynch, Pierce, Fenner & Smith Inc. acted as joint lead arrangers and bookrunners on the deal. BNP Paribas Securities Corp., Citibank NA, Mizuho Securities USA Inc., PNC Bank NA, SMBC and U.S. Bank, NA were joint lead arrangers and co-syndication agents; and Barclays, BBVA Compass, Credit Suisse Securities (USA) Inc., Deutsche Bank Securities Inc., Goldman Sachs, Morgan Stanley, Royal Bank of Canada, Scotiabank, Société Générale, SunTrust, and T.D. Bank NA were co-documentation agents.

The real estate investment trust for retail properties is based in Indianapolis.

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