Tanger repays $25 million of borrowings under term loan

By Taylor Fox

New York, March 31 – Tanger Factory Outlet Centers, Inc. paid down $25 million of borrowings under its $350 million unsecured term loan on March 11, according to a news release.

The interest rate for this portion of the term loan principal was 1.25%.

The repayment was made using proceeds from a sale of common stock.

Tanger Factory Outlet is an operator of open-air outlet centers based in Greensboro, N.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.