Simon Property Group LP
09/09/2026 | Press release | Distributed by Public on 09/09/2026 14:13
Free Writing Prospectus (Form FWP)
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Dated September 9, 2026 Registration Statement No. 333-277297-01 Relating to Preliminary Prospectus Supplement dated September 9, 2026 and Prospectus dated January 6, 2026 |
$400,000,000 5.650% NOTES DUE 2036
| Issuer: | Simon Property Group, L.P. |
| Legal Format: | SEC Registered |
| Expected Ratings*: | A3 (Positive) / A (Stable) (Moody's/S&P) |
| Size: | $400,000,000 |
| Maturity Date: | October 1, 2036 |
| Coupon (Interest Rate): | 5.650% per annum |
| Interest Payment Dates: | April 1 and October 1, commencing on April 1, 2027 |
| Benchmark Treasury: | 4.625% due August 15, 2036 |
| Benchmark Treasury Price and Yield: | 98-13+ / 4.826% |
| Spread to Benchmark Treasury: | +85 basis points |
| Yield to Maturity: | 5.676% |
| Initial Price to Public: | 99.800% plus accrued interest from September 16, 2026 if settlement occurs after that date |
| Redemption Provision: | Make-whole call prior to July 1, 2036 based on U.S. Treasury +15 basis points or at par on or after July 1, 2036 |
| Settlement Date**: | T+5; September 16, 2026 |
| CUSIP / ISIN: | 828807 ED5 / US828807ED59 |
| Joint Book-Running Managers: |
J.P. Morgan Securities LLC Mizuho Securities USA LLC PNC Capital Markets LLC Wells Fargo Securities, LLC BBVA Securities Inc. Citigroup Global Markets Inc. Natixis Securities Americas LLC RBC Capital Markets, LLC TD Securities (USA) LLC Truist Securities, Inc. U.S. Bancorp Investments, Inc. |
| Co-Managers: |
Credit Agricole Securities (USA) Inc. Fifth Third Securities, Inc. M&T Securities, Inc. |
| Use of Proceeds: | The Issuer intends to use the net proceeds of the offering to fund the repayment of all or a portion of its $750 million outstanding principal amount of its 3.250% notes due 2026, and to use any remaining net proceeds for general business purposes, including to repay other unsecured indebtedness. |
The Issuer has concurrently priced $400,000,000 aggregate principal amount of 5.250% senior unsecured notes due 2032.
This communication is intended for the sole use of the person to whom it is provided by the Issuer.
*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
** Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes prior to the first business day preceding the settlement date will be required, by virtue of the fact that the notes initially will settle in T+5, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement. Purchasers of the notes who wish to trade the notes before the first business day prior to the settlement date should consult their own advisor.
The Issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you make a decision to invest, you should read the prospectus in that registration statement and the related preliminary prospectus supplement and other documents the Issuer has filed with the Securities and Exchange Commission for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission's website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and related preliminary prospectus supplement if you request it by contacting J.P. Morgan Securities LLC collect at 1-212-834-4533; Mizuho Securities USA LLC toll-free at 1-866-271-7403; PNC Capital Markets LLC toll-free at 1-855-881-0697; or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another electronic messaging system.
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Simon Property Group LP published this content on September 09, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 09, 2026 at 20:13 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]