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SKT > SEC Filings for SKT > Form 8-K on 19-Nov-2013All Recent SEC Filings

Show all filings for TANGER FACTORY OUTLET CENTERS INC

Form 8-K for TANGER FACTORY OUTLET CENTERS INC


19-Nov-2013

Regulation FD Disclosure, Financial Statements and Exhibits


Item 7.01 Regulation FD Disclosure

Tanger Factory Outlet Centers, Inc. (NYSE: SKT), announced today that its operating partnership, Tanger Properties Limited Partnership, has agreed to sell $250 million of 3.875% senior notes due 2023 in an underwritten public offering through Jefferies, US Bancorp, Wells Fargo Securities and BofA Merrill Lynch as joint book-running managers. The notes were priced at 98.360% of the principal amount to yield 4.076% to maturity. The notes will pay interest semi-annually at a rate of 3.875% per annum and mature on December 1, 2023. Closing of the sale of the notes is expected to occur on November 25, 2013.

The estimated net proceeds from the offering, after deducting the underwriting discount and offering expenses, are expected to be approximately $243.5 million. Tanger intends to use the net proceeds from the sale of the notes to repay borrowings under its unsecured lines of credit.

The information set forth herein, including Exhibit 99.1, is furnished pursuant to Item 7.01-Regulation FD Disclosure and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section nor shall the information be deemed incorporated by reference in any filing of the Company or Tanger Properties Limited Partnership.

The matters described herein contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Tanger Properties Limited Partnership's offering of senior notes. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More detailed information about these and other factors is set forth in Item 1A under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are included with this report:

Exhibit 99.1 Press release announcing Tanger's closing of a public offering of senior notes due in 2023.


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