Friday, June 11, 2010

Tanger prepays $235 million loan.

Tanger Factory Outlet Centers posted the following SEC filing on their investors page today.

Tanger Factory Outlet Centers prepaid its $235 million unsecured term loan dated June 10, 2008 between Tanger and Banc of America Securities and Wells Fargo Bank. The term loan was due June 2011.
There was no prepayment or early termination fees.

The repayment of the loan was funded by Tangers public offering of $300 million of 6.125% senior notes due 2020 which were completed June 7th 2010. 

Mark Libell

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