secwatch.observer — SEC 8-K summary
======================================

Issuer:     TANGER PROPERTIES LTD PARTNERSHIP /NC/ (—)
CIK:        0001004036
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001628280-26-000873
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004036/000162828026000873/0001628280-26-000873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899715/000162828026000873/skt-20260106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-000873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer