SPG Prices $800 Million Senior-Notes Refinancing

SPG priced $400 million of 5.250% senior notes due 2032 and $400 million of 5.650% notes due 2036, primarily replacing its $750 million 2026 maturity. The longer maturities improve duration and liquidity, while the approximately 5.45% weighted coupon makes coverage, leverage, and refinancing costs key follow-up issues; recent coverage adds no new terms.