WASHINGTON (dpa-AFX) - Simon Property Group, Inc. (SPG) said Monday that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. has agreed to sell $600 million principal amount of its 2.200% senior notes due February 1, 2019, and $600 million principal amount of its 3.750% senior notes due February 1, 2024.
The offering is expected to close on January 21.
The Operating Partnership currently expects to use the net proceeds from the public offering to repay debt and for general corporate purposes.
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