Simon Property Group Inc., an Indianapolis-based real estate investment trust, has announced an increase in the revolving borrowing capacity of its unsecured corporate credit facility from $2.0 billion to $3.0 billion.The facility, which can be increased to $3.5 billion during its term, will mature in January 2010 and contains a one-year extension option. The base interest rate is 42.5 basis points above the London interbank offered rate, 12.5 bps lower than the rate on its existing facility, the company said. The joint arrangers and joint book managers of the transaction were JPMorgan Chase and Banc of America. Simon can be found online at http://www.simon.com.
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