UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  March 19, 2009

 

SIMON PROPERTY GROUP, L.P.

(Exact name of registrant as specified in its charter)

 

Delaware

 

333-11491

 

34-1755769

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

225 WEST WASHINGTON STREET

 

 

INDIANAPOLIS, INDIANA

 

46204

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  317.636.1600

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

ITEM 8.01  Other Events.

 

On March 19, 2009, Simon Property Group, Inc. (the “Company”), the general partner of Simon Property Group, L.P. (the “Operating Partnership”), issued a press release announcing that the Company and the Operating Partnership intend to conduct, subject to market and other conditions, concurrent offerings of common stock and senior notes due 2019.  A copy of the press release is attached hereto as Exhibit 99.1.

 

ITEM 9.01  Financial Statements and Exhibits.

 

Exhibit No.

 

Description

 

 

 

Exhibit 99.1

 

Press Release, dated March 19, 2009, issued by Simon Property Group, Inc.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

Date:  March 19, 2009

 

 

 

 

SIMON PROPERTY GROUP, L.P.

 

 

 

 

 

 

By:

Simon Property Group, Inc., the sole General

 

 

 

Partner

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Stephen E. Sterrett

 

 

 

 

Stephen E. Sterrett

 

 

 

 

Executive Vice President and Chief

 

 

 

 

Financial Officer

 

3


Exhibit 99.1

 

 

 

CONTACTS:

 

Shelly Doran
 
317.685.7330
Investors
Les Morris
 
317.263.7711
Media
 

SIMON PROPERTY GROUP ANNOUNCES CONCURRENT OFFERINGS
OF COMMON STOCK AND SENIOR NOTES

 

Indianapolis, Indiana — March 19, 2009...Simon Property Group, Inc. (NYSE:SPG) announced today that it and its majority-owned operating partnership subsidiary, Simon Property Group, L.P., intend to conduct, subject to market and other conditions, concurrent offerings of approximately 15,000,000 shares of common stock and approximately $500 million principal amount of senior notes due 2019.  The completion of either offering is not conditioned on the success of the other.  The Company expects to grant the underwriters in the common stock offering an over-allotment option to purchase 2,250,000 additional shares of common stock.

 

Simon intends to use the net proceeds to partially repay the outstanding balance of its $3.5 billion unsecured credit facility and for general corporate purposes.

 

Goldman, Sachs & Co., Deutsche Bank Securities and UBS Investment Bank are serving as joint bookrunning managers of the common stock offering.  Goldman, Sachs & Co. and J.P. Morgan are serving as joint bookrunning managers of the senior note offering.  The offerings are being conducted as public offerings under Simon’s joint shelf registration statement filed with the Securities and Exchange Commission.  Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus relating to each offering.  When available, copies of the prospectus supplement and accompanying prospectus relating to each offering can be obtained by contacting:  Goldman, Sachs & Co., Attn:  Prospectus Dept., 85 Broad St., New York, NY  10004.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

 

This press release contains forward-looking statements.  These forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially from projections.  Readers should carefully review the Company’s and the Operating Partnership’s financial statements and notes thereto, as well as the risk factors described in their Annual Reports on Form 10-K for the year ended December 31, 2008, and other reports filed from time to time with the Securities and Exchange Commission.  These forward-looking statements reflect management’s judgment as of this date, and the Company assumes no obligation to revise or update them to reflect future events or circumstances.

 

 

 



 

 

About Simon Property Group

 

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company.  The Company is a fully integrated real estate company which operates from five retail real estate platforms:  regional malls, Premium Outlet Centers®, the Mills®, community/lifestyle centers and international properties.  It currently owns or has an interest in 386 properties comprising 263 million square feet of gross leasable area in North America, Europe and Asia.  The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide.  Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG.