---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-118242"
form_type: "8-K"
ticker: null
cik: "0001022344"
company_name: "SIMON PROPERTY GROUP L P"
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:07:48.831228+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Simon Property Group L.P. issues €750M 3.5% exchangeable bonds due 2026 into Klépierre shares

## Summary
- €750M aggregate principal, 3.50% annual interest, matures Nov 14, 2026.
- Bonds exchangeable into Klépierre S.A. shares at €27.2092 (20% premium over reference price €22.6743).
- Initial exchange covers ≈27.6M Klépierre shares (9.6% of outstanding).
- Issuer may redeem if less than 85% of bonds remain or upon certain corporate events.
- 90-day lock-up on Klépierre shares for Simon and subsidiaries; bonds not registered in U.S.

## SEC filing metadata
- accession: 0001104659-23-118242
- form_type: 8-K
- cik: 0001022344
- company_name: SIMON PROPERTY GROUP L P
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022344/000110465923118242/0001104659-23-118242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022344/000110465923118242/tm2330747d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-118242
- JSON: https://secwatch.observer/filing/0001104659-23-118242.json
- Plain text: https://secwatch.observer/filing/0001104659-23-118242.txt

## Key facts
- Debt Financings
  SIMON PROPERTY GROUP L P incurred guarantee of €750.0 million aggregate principal amount with J.P. Morgan SE, Barclays Bank Ireland PLC, BNP Paribas, Deutsche Bank Aktiengesellschaft and Goldman Sachs Europe SE at 3.50% per annum maturing November 14, 2026.
  - Instrument: guarantee
  - Principal: €750.0 million aggregate principal amount
  - Counterparty: J.P. Morgan SE, Barclays Bank Ireland PLC, BNP Paribas, Deutsche Bank Aktiengesellschaft and Goldman Sachs Europe SE
  - Rate: 3.50% per annum
  - Maturity: November 14, 2026
  - Event: incurrence
  source text: Global Coordinators” and, collectively with BNP Paribas, Deutsche Bank Aktiengesellschaft and Goldman Sachs Europe SE, the “Bookrunners”), in connection with the offering of €750.0 million aggregate principal amount of the Issuer’s 3.50% guaranteed exchangeable bonds due 2026 (the “Bonds”) to non-U.S. persons outside the United States in reliance on Regulation S
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022344/000110465923118242/0001104659-23-118242-index.htm
- Material Agreements
  SIMON PROPERTY GROUP L P entered into Subscription Agreement with J.P. Morgan SE, Barclays Bank Ireland PLC, BNP Paribas, Deutsche Bank Aktiengesellschaft and Goldman Sachs Europe SE valued at €750.0 million aggregate principal amount (effective 2023-11-07).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: J.P. Morgan SE, Barclays Bank Ireland PLC, BNP Paribas, Deutsche Bank Aktiengesellschaft and Goldman Sachs Europe SE
  - Value: €750.0 million aggregate principal amount
  - Effective: 2023-11-07
  source text: On November 7, 2023, Simon Property Group, L.P. (the “Operating Partnership”) and its indirect wholly-owned subsidiary Simon Global Development, B.V., a private company with limited liability ( besloten vennootschap met beperkte aansprakelijkheid ) under the laws of the Netherlands (the “Issuer”), entered into a subscription agreement (the “Subscription Agreement”) with J.P. Morgan SE, Barclays Bank Ireland PLC, BNP Paribas, Deutsche Bank Aktiengesellschaft and Goldman Sachs Europe SE
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022344/000110465923118242/0001104659-23-118242-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.