---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-000873"
form_type: "8-K"
ticker: null
cik: "0001004036"
company_name: "TANGER PROPERTIES LTD PARTNERSHIP /NC/"
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:29:14.128314+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tanger closes $550M in unsecured term loans, extends maturities to 2030/2033

## Summary
- $350M term loan due Dec 2030 (amended from $325M) with $100M delayed draw; pricing SOFR+95bps.
- New $200M term loan due Jan 2033 with $50M delayed draw; pricing SOFR+125bps.
- $400M drawn at closing; $150M delayed draw available over next 6–9 months for future liquidity.
- Existing $600M revolver and $20M liquidity line amended to remove 10bps SOFR adjustment.
- Proceeds to reduce borrowings under unsecured lines and for working capital purposes.

## SEC filing metadata
- accession: 0001628280-26-000873
- form_type: 8-K
- cik: 0001004036
- company_name: TANGER PROPERTIES LTD PARTNERSHIP /NC/
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899715/000162828026000873/skt-20260106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-000873
- JSON: https://secwatch.observer/filing/0001628280-26-000873.json
- Plain text: https://secwatch.observer/filing/0001628280-26-000873.txt

## Key facts
- Debt Financings
  TANGER PROPERTIES LTD PARTNERSHIP /NC/ incurred term loan of from $325 million to $350 million with Wells Fargo Bank, National Association, as administrative agent at SOFR plus an applicable pricing margin based on the Company's credit rating (ini maturing to December 11, 2030.
  - Instrument: term loan
  - Principal: from $325 million to $350 million
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Rate: SOFR plus an applicable pricing margin based on the Company's credit rating (ini
  - Maturity: to December 11, 2030
  - Event: incurrence
  source text: increase in the maximum amount available to be borrowed under the unsecured term loan from $325 million to $350 million, extends the maturity date from January 13, 2027 to December 11, 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
- Debt Financings
  TANGER PROPERTIES LTD PARTNERSHIP /NC/ amended revolving credit with Bank of America, N.A., as administrative agent at removing the 10 basis point SOFR credit adjustment spread.
  - Instrument: revolving credit
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: removing the 10 basis point SOFR credit adjustment spread
  - Event: amendment
  source text: the Operating Partnership closed on amendments to each of (i) the Fifth Amended and Restated Credit Agreement dated April 12, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
- Material Agreements
  TANGER PROPERTIES LTD PARTNERSHIP /NC/ entered into 2033 Term Loan Agreement with Toronto Dominion (Texas) LLC, as administrative agent valued at $200 million (effective 2026-01-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Toronto Dominion (Texas) LLC, as administrative agent
  - Value: $200 million
  - Effective: 2026-01-06
  source text: Additionally, the Operating Partnership closed on a Term Loan Agreement (the "2033 Term Loan Agreement") among the Operating Partnership, Toronto Dominion (Texas) LLC, as administrative agent, and the lenders party thereto, for a new unsecured term loan (including a delayed draw feature) with a maximum amount available to be borrowed of $200 million and a maturity date of January 6, 2033.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
- Material Agreements
  TANGER PROPERTIES LTD PARTNERSHIP /NC/ amended 2030 Term Loan Agreement with Wells Fargo Bank, National Association, as administrative agent valued at from $325 million to $350 million (effective 2026-01-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Value: from $325 million to $350 million
  - Effective: 2026-01-06
  source text: On January 6, 2026, Tanger Properties Limited Partnership (the “Operating Partnership"), a majority owned subsidiary of Tanger Inc. (the “Company”), closed on a Fourth Amended and Restated Term Loan Agreement (the "2030 Term Loan Agreement") among the Operating Partnership, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
- Material Agreements
  TANGER PROPERTIES LTD PARTNERSHIP /NC/ amended Liquidity Credit Agreement with Bank of America, N.A., as administrative agent (effective 2026-01-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Effective: 2026-01-06
  source text: In addition, the Operating Partnership closed on amendments to each of (i) the Fifth Amended and Restated Credit Agreement dated April 12, 2024 (as amended and/or restated, the "Revolving Credit Agreement") among the Operating Partnership, Bank of America, N.A., as administrative agent, and the lenders party thereto, and (ii) the Fifth Amended and Restated Liquidity Credit Agreement, dated April 12, 2024 (as amended and/or restated, the "Liquidity Credit Agreement") among the Operating Partnership, Bank of America, N.A., as administrative agent, and the lenders party thereto, such amendments in each case removing the 10 basis point SOFR credit adjustment spread and making certain conforming changes from the 2030 Term Loan Agreement and the 2033 Term Loan Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
- Material Agreements
  TANGER PROPERTIES LTD PARTNERSHIP /NC/ amended Revolving Credit Agreement with Bank of America, N.A., as administrative agent (effective 2026-01-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Effective: 2026-01-06
  source text: In addition, the Operating Partnership closed on amendments to each of (i) the Fifth Amended and Restated Credit Agreement dated April 12, 2024 (as amended and/or restated, the "Revolving Credit Agreement") among the Operating Partnership, Bank of America, N.A., as administrative agent, and the lenders party thereto, and (ii) the Fifth Amended and Restated Liquidity Credit Agreement, dated April 12, 2024 (as amended and/or restated, the "Liquidity Credit Agreement") among the Operating Partnership, Bank of America, N.A., as administrative agent, and the lenders party thereto, such amendments in each case removing the 10 basis point SOFR credit adjustment spread and making certain conforming changes from the 2030 Term Loan Agreement and the 2033 Term Loan Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.