Quarterly report pursuant to Section 13 or 15(d)

Debt of the Company

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Debt of the Company
6 Months Ended
Jun. 30, 2016
Tanger Factory Outlet Centers, Inc [Member]  
Debt of the Company
Debt of the Company

All of the Company's debt is held by the Operating Partnership and its consolidated subsidiaries.

The Company guarantees the Operating Partnership's obligations with respect to its unsecured lines of credit which have a total borrowing capacity of $520.0 million. The Company also guarantees the Operating Partnership's unsecured term loan.

The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands):
 
 
June 30, 2016
 
December 31, 2015
Unsecured lines of credit
 
$
259,200

 
$
190,300

Unsecured term loan
 
$
325,000

 
$
250,000