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Simon Property Group Inc T.SPG


Primary Symbol: SPG Alternate Symbol(s):  SPG.PR.J

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. It owns or holds an interest in approximately 195 income-producing properties in the United States, which consists of 93 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. It also holds an interest in 24 regional, super-regional, and outlet malls in the United States and Asia. In addition, it has redevelopment and expansion projects, including the addition of anchors, big box tenants and restaurants, underway at several properties in the North America, Europe and Asia. Internationally, the Company has ownership in 35 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada.


NYSE:SPG - Post by User

Post by Ernieandberton Jun 28, 2021 10:33am
208 Views
Post# 33459406

Great News

Great NewsSpark Power Completes Founder-Led Non-Brokered $5.6 Million Private Placement; Closes on Upgraded Credit Facility - Spark Power (sparkpowercorp.com)


T
his is far better than that convert they tried in the winter.  Tons of positives in this news:  Founders puting in fresh equity with min dilution and right ATM (no discount...quite a ringing endoresment for the business and its current mis-priced valuation), no excess options, BMO waives right to have proceeds to pay down Term Loan so paying down Operator means they can re-access the Operator for working capital purposes as business ramps up, covenant relief on Total Debt leads to more breathing room and runway for the business to grow while the strategic process is still in place.  This is phenomenal news imo. 
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