Annual report pursuant to Section 13 and 15(d)

Debt of the Operating Partnership (Tables)

v2.4.0.8
Debt of the Operating Partnership (Tables) (Tanger Properties Limited Partnership [Member])
 12 Months Ended
Dec. 31, 2013
Tanger Properties Limited Partnership [Member]
  
Schedule of Debt
Debt as of December 31, 2013 and 2012 consists of the following (in thousands):
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
 
December 31, 2013
 
December 31, 2012
 
 
Stated Interest Rate(s)
 
Maturity Date
 
Principal
 
Premium
 (Discount)
 
Principal
 
Premium
 (Discount)
Senior, unsecured notes:
 
 
 
 
 
 

 
 
 
 
 
 

Senior notes
 
6.15
%
 
November 2015
 
$
250,000

 
$
(211
)
 
$
250,000

 
$
(317
)
Senior notes
 
6.125
%
 
June 2020
 
300,000

 
(1,469
)
 
300,000

 
(1,650
)
Senior notes
 
3.875
%
 
December 2023
 
250,000

 
(4,072
)
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgages payable:
 
 
 
 
 
 
 
 
 
 
 
 
Atlantic City (1)
 
5.14%-7.65%

 
November 2021- December 2026
 
48,535

 
4,091

 
52,212

 
4,495

Deer Park
 
LIBOR + 1.50%

 
August 2018
 
150,000

 
(1,478
)
 
—

 
—

Hershey (1)
 
5.17%-8.00%

 
August 2015
 
29,970

 
993

 
30,631

 
1,582

Ocean City (1)
 
5.24
%
 
January 2016
 
18,193

 
193

 
18,540

 
285

Note payable (1)
 
1.50
%
 
June 2016
 
10,000

 
(396
)
 
10,000

 
(547
)
Unsecured term loan (2)
 
LIBOR + 1.60%

 
February 2019
 
250,000

 
—

 
250,000

 
—

Unsecured term note
 
LIBOR + 1.30%

 
August 2017
 
7,500

 
—

 
—

 
—

Unsecured lines of credit
 
LIBOR + 1.00%

 
October 2017
 
16,200

 
—

 
178,306

 
—

 
 
 
 
 
 
$
1,330,398

 
$
(2,349
)
 
$
1,089,689

 
$
3,848

Schedule of Maturities of Long-term Debt
Maturities of the existing long-term debt as of December 31, 2013 are as follows (in thousands):
Calendar Year
 
Amount
2014
 
$
3,603

2015
 
282,343

2016
 
30,283

2017
 
26,708

2018
 
153,183

Thereafter
 
834,278

Subtotal
 
1,330,398

Net discount
 
(2,349
)
Total
 
$
1,328,049