Tanger Factory Outlet to repay lines of credit using notes proceeds

By Marisa Wong

Madison, Wis., Nov. 19 - Tanger Factory Outlet Centers, Inc. plans to repay borrowings under its unsecured lines of credit using proceeds from a sale of senior notes, according to a press release.

Tanger announced on Monday that operating partnership Tanger Properties LP priced $250 million of 3.875% notes due 2023.

The outlet center real estate investment trust is based in Greensboro, N.C.

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