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Simon Property Group unit to sell senior notes to refinance $750M of 2026 debt; close expected Sept. 16

Simon Property Group’s majority-owned operating partnership agreed to issue two new series of senior notes with a weighted average term of 7.7 years and a weighted average coupon of 5.450%. The offering is expected to close Sept. 16, 2026; net proceeds are earmarked to repay all or part of $750 million of 3.250% notes due in 2026.