Simon Property Group Inc., an Indianapolis-based real estate investment trust, has invoked the accordion feature of its unsecured corporate credit facility, increasing its revolving borrowing capacity from $3.0 billion to $3.5 billion.The facility will mature in January 2010 and contains a one-year extension option. The base interest rate is 37.5 basis points above the London interbank offered rate, the company said. Simon can be found online at http://www.simon.com.
Simon Boosts LOC to $3.5B
October 05, 2007, 2:00 p.m. EDT 1 Min Read
