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Simon Property Group gets new $4bln credit facility

Posted on 07 October 2011

Simon Property Group Inc. has received a new $4 billion unsecured revolving credit facility. The nation’s biggest mall operator said Wednesday that the facility can be raised to $5 billion over the length of its term, which is set to mature on Oct. 30, 2015. The maturation date can be extended by one year at Simon Property’s option.
The credit agreement also includes a $2 billion multi-currency tranche for euro, yen, sterling, and Canadian dollar borrowings……………………………………….Full Article: Source

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