Simon Property Group Announces Amended And Extended $4.0 Billion Revolving Credit Facility

INDIANAPOLIS, April 24, 2014 /PRNewswire/ — Simon Property Group, Inc.
(NYSE:SPG) today announced that it has amended and extended its $4.0 billion
unsecured multi-currency revolving credit facility. The newly refinanced
facility, which can be increased to $5.0 billion during its term, will initially
mature on June 30, 2018 and can be extended for an additional year to June 30,
2019 at the Company’s sole option. The interest rate on the new revolver is
reduced to LIBOR plus 80 basis points from LIBOR plus 95 basis points and
provides for borrowings denominated in U.S. Dollars, Euro, Yen, Sterling,
Canadian Dollars and Australian Dollars.

“The newly refinanced credit facility extends the duration to more than five
years while providing a reduction in our borrowing costs,” said David Simon,
Chairman and Chief Executive Officer. “This further enhances our already strong
financial flexibility, and with our existing $2.0 billion revolver, provides
$6.0 billion of total revolving credit capacity for the Company.”

For this facility, JPMorgan and Bank of America Merrill Lynch were Joint Lead
Arrangers and Joint Bookrunners; Citibank, Royal Bank of Scotland and Sumitomo
Mitsui Banking Corporation were Joint Lead Arrangers and Co-Syndication Agents;
and Barclays, BNP Paribas, BBVA Compass, Credit Suisse, Deutsche, Goldman Sachs,
Mizuho, Morgan Stanley, PNC, SunTrust, Royal Bank of Canada, UBS, Union Bank and
U.S. Bank were Co-Documentation Agents. In addition to the above financial
institutions, there were 10 Co-Lenders in the facility.

About Simon Property Group
Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and a global leader
in the retail real estate industry. The Company currently owns or has an
interest in more than 325 retail real estate properties in North America and
Asia comprising approximately 242 million square feet. We are headquartered in
Indianapolis, Indiana and employ approximately 5,500 people in the U.S. For more
information, visit the Simon Property Group website at

SOURCE Simon Property Group, Inc.

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