Latham & Watkins Advises Simon Property Group in US$800 Million Senior Notes Offering

Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, has announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has agreed to sell US$800 million aggregate principal amount of its 4.300% notes due 2031. The new issue of senior notes has a term of five years and a coupon rate of 4.300%. The offering is expected to close on January 13, 2026, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represented Simon® in the offering with a corporate team led by Los Angeles/New York partners Julian Kleindorfer and Lewis Kneib, Chicago partner Jonathan Sarna, and Chicago counsel Manasi Bhattacharyya, with associates Ben Winnett, Chelsea Carlson, and Caroline Hughes. Advice was also provided on tax matters by Los Angeles partners Ana O’Brien and Eric Cho and Los Angeles counsel Eric Song, with associate Joseph Marcus.