Simon Property Group Sells $750 Million Of Senior Notes In Private Offering

 Simon Property Group Sells $750 Million Of Senior Notes In Private Offering

PR Newswire

INDIANAPOLIS, Dec. 10, 2012

INDIANAPOLIS, Dec.10, 2012 /PRNewswire-FirstCall/ -- Simon Property Group,
Inc. (NYSE: SPG) announced today that its majority-owned operating partnership
subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has
agreed to sell $750 million principal amount of its 1.50% senior unsecured
notes due February 1, 2018 in a private offering to "qualified institutional
buyers" pursuant to Rule144A under the Securities Act of 1933, as amended
(the "Securities Act"), and to non-U.S. persons outside the UnitedStates in
reliance on RegulationS under the Securities Act. This offering is expected
to close on December17, 2012.

The Operating Partnership currently expects to use the net proceeds from the
private offering to repaya portion of the outstanding balance under the U.S.
dollar tranche of its $4.0 billion credit facility which it incurred in
connection withacquisitions.

The securities to be offered have not been registered under the Securities Act
or applicable state or other securities laws and, unless so registered, may
not be offered or sold in the UnitedStates except pursuant to an exemption
from, or in a transaction not subject to,the registration requirements of the
Securities Act and applicable stateand other securities laws.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of, these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or other jurisdiction.

About Simon Property Group
Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and the largest
real estate company in the world. The Company currently owns or has an
interest in 331 retail real estate properties in North America and Asia
comprising 241 million square feet. We are headquartered in Indianapolis,
Indiana and employ approximately 5,500 people in the U.S.

SOURCE Simon Property Group, Inc.

Contact: Shelly Doran, +1-317-685-7330, Investors; or Les Morris,
+1-317-263-7711, Media
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