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Indianapolis-based shopping center operator Simon Property Group Inc. today said it has closed the equity and debt offerings it announced last week, netting $1.2 billion.
In total, the company sold 17.25 million shares of its common stock at $31.50 per share.
Its operating partnership completed its offering of $650 million in 10.35-percent senior unsecured notes due 2019.
Simon said it will use the proceeds to reduce its debt and for general purposes.
Shares of the company rose 32 cents, to $35.42, in midday trading.
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