{"url_path":"/sec/cik-0001004036/8-k/2026-01-06/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-01-06","source_url":"https://www.sec.gov/Archives/edgar/data/1004036/0001628280-26-000873-index.html","accession_number":"0001628280-26-000873","cik":"0001004036","ticker":null,"issuer_name":"TANGER PROPERTIES LTD PARTNERSHIP /NC/","edgar_url":"https://www.sec.gov/Archives/edgar/data/1004036/0001628280-26-000873-index.html","primary_entity_key":"0001004036","primary_entity_name":"TANGER PROPERTIES LTD PARTNERSHIP /NC/"},"word_count":469,"has_tables":true,"body_markdown":"Item 1.01    Entry into a Material Definitive Agreement\n\nOn January 6, 2026, Tanger Properties Limited Partnership (the “Operating Partnership”), a majority owned subsidiary of Tanger Inc. (the “Company”), closed on a Fourth Amended and Restated Term Loan Agreement (the \"2030 Term Loan Agreement\") among the Operating Partnership, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto. The 2030 Term Loan Agreement provides, among other things, an increase in the maximum amount available to be borrowed under the unsecured term loan from $325 million to $350 million, extends the maturity date from January 13, 2027 to December 11, 2030, adds a delayed draw feature, and eliminates the 10 basis point SOFR credit adjustment spread.\n\nAdditionally, the Operating Partnership closed on a Term Loan Agreement (the \"2033 Term Loan Agreement\") among the Operating Partnership, Toronto Dominion (Texas) LLC, as administrative agent, and the lenders party thereto, for a new unsecured term loan (including a delayed draw feature) with a maximum amount available to be borrowed of $200 million and a maturity date of January 6, 2033. Loans under the 2033 Term Loan Agreement bear interest at an annual rate of SOFR plus an applicable pricing margin based on the Company's credit rating (initially, such pricing being SOFR plus 125 basis points based on the Company's current credit rating).\n\nIn addition, the Operating Partnership closed on amendments to each of (i) the Fifth Amended and Restated Credit Agreement dated April 12, 2024 (as amended and/or restated, the \"Revolving Credit Agreement\") among the Operating Partnership, Bank of America, N.A., as administrative agent, and the lenders party thereto, and (ii) the Fifth Amended and Restated Liquidity Credit Agreement, dated April 12, 2024 (as amended and/or restated, the \"Liquidity Credit Agreement\") among the Operating Partnership, Bank of America, N.A., as administrative agent, and the lenders party thereto, such amendments in each case removing the 10 basis point SOFR credit adjustment spread and making certain conforming changes from the 2030 Term Loan Agreement and the 2033 Term Loan Agreement.\n\nEach of the 2030 Term Loan Agreement, the 2033 Term Loan Agreement, the Revolving Credit Agreement, and the Liquidity Credit Agreement is guaranteed by the Company pursuant to a guarantee agreement.\n\nThe foregoing descriptions of the 2030 Term Loan Agreement, the 2033 Term Loan Agreement, the amendment to the Revolving Credit Agreement, and the amendment to the Liquidity Credit Agreement are qualified in their entirety by reference to the full text of the 2030 Term Loan Agreement, the 2033 Term Loan Agreement, the amendment to the Revolving Credit Agreement, and the amendment to the Liquidity Credit Agreement, which are filed as exhibits 10.1, 10.2, 10.3, and 10.4 hereto, respectively, and incorporated herein by reference. Capitalized terms used but not defined herein have the meanings ascribed to them in the 2030 Term Loan Agreement."}