Sidley represented Simon Property Group, L.P. in the establishment of its global unsecured commercial paper note program, the first U.S. REIT to do so. Under the terms of the program, the Simon Operating Partnership may issue unsecured commercial paper notes denominated in U.S. dollars, Euros and other currencies, up to a maximum aggregate amount outstanding of US$500 million, and will be used for general corporate purposes.

The Sidley deal team was led by partner Ed Petrosky, with partner Jerry Cummins and associates Miguel Nieves and Justin Platt in New York. Advising on tax issues were partner Nicholas Brown with associate Michael Witmer from New York.

Simon Property Group, L.P. is the majority-owned operating partnership subsidiary of Simon Property Group, Inc. (SPG), an S&P 100 company and a global leader in retail real estate ownership, management and development.