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

Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has agreed to sell US$400 million aggregate principal amount of its 5.250% Notes due 2032 and US$400 million aggregate principal amount of its 5.650% Notes due 2036. Combined, the two new issues of senior notes have a weighted average term of 7.7 years and a weighted average coupon rate of 5.450%. The offering is expected to close on September 16, 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, Caroline Hughes, and Andrew Johnson. Advice was also provided on tax matters by Los Angeles partners Ana O’Brien and Eric Cho, with associate Sina Setayeshpour.*

*Admitted to practice in Tennessee.