Simon Property Group, L.P.’s $3.5 Billion Notes Offering

Sidley Austin represented Simon Property Group, L.P.

Sidley recently represented Simon Property Group, L.P., the operating partnership of Simon Property Group, Inc. (NYSE: SPG), in its $3.5 billion public offering of 2.000% notes (due 2024), 2.450% notes (due 2029) and 3.250% notes (due 2049). Simon Property Group, Inc. owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations and is the largest real estate investment trust (REIT) in the world. This is the first time that a real estate company issued $1.25 billion of 30-year bonds in a single issuance, and the interest rate for each series of notes is the lowest achieved by any REIT for notes with comparable maturities.

The Sidley team, based primarily in New York, was led by Edward F. Petrosky (Picture) and J. Gerard Cummins and also included Meaghan M. O’Toole, Catherine C. Lobb, Julie Allison Weltman, Jorge E. Mancillas, Christian Brause, Lena X. Qiu and Ryan M. Kelly.

Involved fees earner: Christian Brause – Sidley Austin LLP; Gerard Cummins – Sidley Austin LLP; Catherine Lobb – Sidley Austin LLP; Meaghan O’Toole – Sidley Austin LLP; Edward Petrosky – Sidley Austin LLP; Lena X. Qiu – Sidley Austin LLP; Julie Weltman – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Simon Property Group, L.P.;