Tanger Factory Outlet Centers, Inc announced that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of 3.875% senior notes due 2023 in an underwritten public offering through Jefferies, US Bancorp, Wells Fargo Securities and BofA Merrill Lynch as joint book-running managers.
Tanger Factory Outlet Centers, Inc announced that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of#
The notes were priced at 98.360% of the principal amount to yield 4.076% to maturity. The notes will pay interest semi-annually at a rate of 3.875% per annum and mature on December 1, 2023. Closing of the sale of the notes is expected to occur on November 25, 2013.
Tanger Factory Outlet Centers, Inc announced that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of#
The estimated net proceeds from the offering, after deducting the underwriting discount and offering expenses, are expected to be approximately $243.5 million. Tanger intends to use the net proceeds from the sale of the notes to repay borrowings under its unsecured lines of credit.
Tanger Factory Outlet Centers, Inc announced that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of#
About Tanger Factory Outlet Centers, Inc.
Tanger Factory Outlet Centers, Inc. is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers in 26 states coast to coast and in Canada, totaling approximately 12.9 million square feet leased to over 2,700 stores operated by more than 470 different brand name companies.
Tanger Factory