Simon Property Group to Sell $800 Million Notes to Refinance Existing Debt
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: PRnewswire
- Debt Restructuring Plan: Simon Property Group's operating partnership plans to issue $800 million in 4.300% notes, expected to close on January 13, 2026, which will help optimize its capital structure and reduce financing costs.
- Clear Use of Proceeds: The proceeds from this issuance will be used to repay existing 3.300% notes due in 2026, ensuring financial stability over the next five years and enhancing its competitiveness in the retail real estate market.
- Positive Market Response: The bond offering is being managed by BofA Securities, Deutsche Bank, Goldman Sachs, and RBC Capital Markets, reflecting market confidence in Simon Property Group, which may help improve its credit rating.
- Strategic Financing Initiative: Through this bond issuance, Simon not only aims to lower interest expenses but also to provide funding for future expansions and investments, further solidifying its leadership position in the global retail real estate sector.
Analyst Views on SPG
Wall Street analysts forecast SPG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPG is 191.55 USD with a low forecast of 173.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
8 Hold
0 Sell
Moderate Buy
Current: 186.300
Low
173.00
Averages
191.55
High
225.00
Current: 186.300
Low
173.00
Averages
191.55
High
225.00
About SPG
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust. The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. It owns approximately 250 plus global properties. Its properties include Apple Blossom Mall, Auburn Mall, Barton Creek Square, Battlefield Mall, Bay Park Square, Brea Mall, Briarwood Mall, Brickell City Centre, Broadway Square, Burlington Mall, Cape Cod Mall, Castleton Square, Cielo Vista Mall, Coconut Point, College Mall, Columbia Center, Copley Place, Coral Square, Cordova Mall, Dadeland Mall, Del Amo Fashion Center, Empire Mall, Firewheel Town Center, Greenwood Park Mall, Haywood Mall, King of Prussia, La Plaza, Lakeline Mall, Lenox Square, Mall of Georgia, Meadowood Mall, Menlo Park Mall, Miami International Mall, North East Mall, Ocean County Mall, Pheasant Lane Mall, and Phillips Place.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
