Simon Property Group Announces Amended And Extended $4.0 Billion Revolving Credit Facility

  Simon Property Group Announces Amended And Extended $4.0 Billion Revolving
                               Credit Facility

PR Newswire

INDIANAPOLIS, April 7, 2014

INDIANAPOLIS, April 7, 2014 /PRNewswire/ -- Simon Property Group, Inc.
(NYSE:SPG) today announced that it has amended and extended its $4.0 billion
unsecured multi-currency revolving credit facility. The newly refinanced
facility, which can be increased to $5.0 billion during its term, will
initially mature on June 30, 2018 and can be extended for an additional year
to June 30, 2019 at the Company's sole option. The interest rate on the new
revolver is reduced to LIBOR plus 80 basis points from LIBOR plus 95 basis
points and provides for borrowings denominated in U.S. Dollars, Euro, Yen,
Sterling, Canadian Dollars and Australian Dollars.

"The newly refinanced credit facility extends the duration to more than five
years while providing a reduction in our borrowing costs," said David Simon,
Chairman and Chief Executive Officer. "This further enhances our already
strong financial flexibility, and with our existing $2.0 billion revolver,
provides $6.0 billion of total revolving credit capacity for the Company."


For this facility, JPMorgan and Bank of America Merrill Lynch were Joint Lead
Arrangers and Joint Bookrunners; Citibank, Royal Bank of Scotland and Sumitomo
Mitsui Banking Corporation were Joint Lead Arrangers and Co-Syndication
Agents; and Barclays, BNP Paribas, BBVA Compass, Credit Suisse, Deutsche,
Goldman Sachs, Mizuho, Morgan Stanley, PNC, SunTrust, Royal Bank of Canada,
UBS, Union Bank and U.S. Bank were Co-Documentation Agents. In addition to
the above financial institutions, there were 10 Co-Lenders in the facility.

About Simon Property Group
Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and a global
leader in the retail real estate industry. The Company currently owns or has
an interest in more than 325 retail real estate properties in North America
and Asia comprising approximately 242 million square feet. We are
headquartered in Indianapolis, Indiana and employ approximately 5,500 people
in the U.S. For more information, visit the Simon Property Group website at
www.simon.com.

SOURCE Simon Property Group, Inc.

Website: http://www.simon.com
Contact: Investors - Tom Ward, 317.685.7330, or Media - Les Morris
317.263.7711
 
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