Simon Property Group, L.P., Simon Property Group, Inc.'s majority-owned operating partnership subsidiary, agreed to sell $400 million of 5.250% senior notes due 2032 and $400 million of 5.650% senior notes due 2036. The issues have a weighted average term of 7.7 years and a weighted average coupon rate of 5.450%. Closing is expected on September 16, 2026, subject to customary conditions. Net proceeds are intended to repay all or part of the subsidiary's $750 million of 3.250% notes due 2026, with any remainder used for general corporate purposes, including other unsecured debt repayment. J.P. Morgan, Mizuho, PNC Capital Markets LLC and Wells Fargo Securities are joint book-running managers. The public offering is being conducted under a shelf registration statement filed with the SEC (U.S. securities regulator).