Quarterly report pursuant to Section 13 or 15(d)

Debt of the Operating Partnership (Tables)

v3.5.0.2
Debt of the Operating Partnership (Tables) - Tanger Properties Limited Partnership [Member]
9 Months Ended
Sep. 30, 2016
Schedule of Debt
The debt of the Operating Partnership consisted of the following (in thousands):
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
 
September 30, 2016
 
December 31, 2015
 
 
Stated Interest Rate(s)
 
Maturity Date
 
Principal
 
Book Value(1)
 
Principal
 
Book Value(1)
Senior, unsecured notes:
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior notes
 
6.125
%
 
June 2020

 
$
300,000

 
$
298,103

 
$
300,000

 
$
297,739

Senior notes
 
3.875
%
 
December 2023

 
250,000

 
245,275

 
250,000

 
244,829

Senior notes
 
3.750
%
 
December 2024

 
250,000

 
246,971

 
250,000

 
246,717

Senior notes
 
3.125
%
 
September 2026

 
250,000

 
246,724

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgages payable:
 
 
 
 
 
 
 
 
 
 
 
 
Atlantic City (2)
 
5.14%-7.65%

 
November 2021- December 2026

 
41,196

 
44,110

 
43,312

 
46,605

Deer Park
 
LIBOR + 1.50%

 

 

 

 
150,000

 
149,145

     Foxwoods
 
LIBOR + 1.65%

 
December 2017

 
70,250

 
69,825

 
70,250

 
69,564

     Southaven
 
LIBOR + 1.75%

 
April 2018

 
59,090

 
58,712

 
45,824

 
45,273

Unsecured note payable (2)
 
1.50
%
 
June 2016

 

 

 
10,000

 
9,919

Unsecured term loan
 
LIBOR + 0.95%

 
April 2021

 
325,000

 
322,195

 
250,000

 
248,443

Unsecured term note
 
LIBOR + 1.30%

 

 

 

 
7,500

 
7,470

Unsecured lines of credit
 
LIBOR + .90%

 
October 2019

 
196,000

 
192,731

 
190,300

 
186,220

 
 
 
 
 
 
$
1,741,536

 
$
1,724,646

 
$
1,567,186

 
$
1,551,924

(1)
Including premiums and net of debt discount and debt origination costs.
(2)
The effective interest rates assigned during the purchase price allocation to the assumed mortgage and note payable during acquisitions in 2011 were as follows: Atlantic City 5.05% and unsecured note payable 3.15%.

Schedule of Maturities of Long-term Debt
Maturities of the existing long-term debt as of September 30, 2016 for the next five years and thereafter are as follows (in thousands):
Calendar Year
 
Amount

2016
 
$
727

2017
 
73,258

2018
 
62,273

2019
 
199,369

2020
 
303,566

Thereafter
 
1,102,343

Subtotal
 
1,741,536

Net discount and debt origination costs
 
(16,890
)
Total
 
$
1,724,646