secwatch.observer — SEC 8-K summary
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Issuer:     SIMON PROPERTY GROUP L P (—)
CIK:        0001022344
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001104659-23-118242
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022344/000110465923118242/0001104659-23-118242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022344/000110465923118242/tm2330747d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-118242

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