Quarterly report pursuant to Section 13 or 15(d)

Debt of the Operating Partnership (Tables)

v3.10.0.1
Debt of the Operating Partnership (Tables) - Tanger Properties Limited Partnership [Member]
9 Months Ended
Sep. 30, 2018
Schedule of Debt
The debt of the Operating Partnership consisted of the following (in thousands):
 
 
 
 
 
 
As of
 
As of
 
 
 
 
 
 
September 30, 2018
 
December 31, 2017
 
 
Stated Interest Rate(s)
 
Maturity Date
 
Principal
 
Book Value(1)
 
Principal
 
Book Value(1)
Senior, unsecured notes:
 
 
 
 

 
 
 
 
 
 
Senior notes
 
3.875
%
 
December 2023
 
$
250,000

 
$
246,505

 
$
250,000

 
$
246,036

Senior notes
 
3.750
%
 
December 2024
 
250,000

 
247,677

 
250,000

 
247,410

Senior notes
 
3.125
%
 
September 2026
 
350,000

 
345,533

 
350,000

 
345,128

Senior notes
 
3.875
%
 
July 2027
 
300,000

 
296,469

 
300,000

 
296,182

 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgages payable:
 
 
 
 
 
 
 
 
 
 
 
 
Atlantic City (2)(3)
 
5.14%-7.65%

 
November 2021- December 2026
 
35,091

 
37,211

 
37,462

 
39,879

     Southaven
 
LIBOR + 1.80%

 
April 2021
 
51,400

 
51,148

 
60,000

 
59,881

Unsecured term loan
 
LIBOR + 0.95%

 
April 2021
 
325,000

 
323,416

 
325,000

 
322,975

Unsecured lines of credit
 
LIBOR + 0.875%

 
October 2021
 
203,100

 
199,701

 
208,100

 
206,160

 
 
 
 
 
 
$
1,764,591

 
$
1,747,660

 
$
1,780,562

 
$
1,763,651

(1)
Including premiums and net of debt discount and debt origination costs.
(2)
The effective interest rate assigned during the purchase price allocation to the Atlantic City mortgages assumed during the acquisition in 2011 was 5.05%.
(3)
Principal and interest due monthly with remaining principal due at maturity.

Schedule of Maturities of Long-term Debt
Maturities of the existing long-term debt as of September 30, 2018 for the next five years and thereafter are as follows (in thousands):
Calendar Year
 
Amount

2018
 
$
813

2019
 
3,369

2020
 
3,566

2021
 
585,293

2022
 
4,436

Thereafter
 
1,167,114

Subtotal
 
1,764,591

Net discount and debt origination costs
 
(16,931
)
Total
 
$
1,747,660