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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.
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