Tanger Inc. Files 8-K, Common Shares Traded on NYSE

Ticker: SKT · Form: 8-K · Filed: Apr 15, 2024 · CIK: 899715

Sentiment: neutral

Topics: sec-filing, reporting

Related Tickers: SKT

TL;DR

Tanger Inc. (SKT) filed its 8-K, confirming NYSE listing. No major news yet.

AI Summary

Tanger Inc. filed an 8-K on April 12, 2024, to report its current activities. The filing indicates that the company's common shares are registered and traded on the New York Stock Exchange under the ticker symbol SKT. No specific financial transactions or material events were detailed in this particular filing, which primarily serves as a notification of ongoing reporting obligations.

Why It Matters

This 8-K filing confirms Tanger Inc.'s ongoing compliance with SEC reporting requirements and the listing of its common shares on the NYSE, providing transparency for investors.

Risk Assessment

Risk Level: low — This filing is a routine 8-K that primarily confirms the company's reporting status and stock exchange listing, without disclosing any new material risks or events.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing for Tanger Inc.?

The primary purpose of this 8-K filing is to report current information as required by the SEC, confirming the company's reporting status and the listing of its common shares on the New York Stock Exchange.

What is the trading symbol for Tanger Inc.'s common shares?

The trading symbol for Tanger Inc.'s common shares is SKT.

On which stock exchange are Tanger Inc.'s common shares traded?

Tanger Inc.'s common shares are traded on the New York Stock Exchange.

What is the date of this 8-K filing?

The date of this 8-K filing is April 12, 2024.

Does this filing disclose any specific financial transactions or material events?

No, this particular 8-K filing does not detail specific financial transactions or material events; it serves as a notification of ongoing reporting obligations and stock listing.

Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 12.8 · Accepted 2024-04-15 09:21:56

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On April 12, 2024, Tanger Properties Limited Partnership (the "Operating Partnership"), a majority owned subsidiary of Tanger Inc. (the "Company"), closed on a Fifth Amendment (the "Fifth Amendment") to the Restated Revolving Credit Agreement (as amended, the "Revolving Credit Agreement") between the Operating Partnership, the Company, Bank of America, National Association, as administrative agent, and the lenders party thereto. The Fifth Amendment, among other things, increased the maximum amount available to be borrowed under the Revolving Credit Agreement from $500 million to $600 million, with an accordion feature to increase total borrowing capacity to $1.2 billion, extended the maturity date from July 14, 2025 to April 12, 2028 (which may be extended by one additional year by exercising extension options), and reduced the applicable pricing margin from adjusted SOFR plus 100 basis points to adjusted SOFR plus 85 basis points based on the Company's current credit rating. The Operating Partnership also closed on a Fifth Amendment to the Amended and Restated Liquidity Credit Agreement (as amended, the "Liquidity Credit Agreement"), which carries the same revised maturity date, extension options and pricing grid as the Revolving Credit Agreement, with capacity remaining at $20 million. The Revolving Credit Agreement and the Liquidity Credit Agreement provide for $620 million of available borrowing capacity in aggregate, up from $520 million previously. Both agreements continue to be guaranteed by the Company pursuant to a guarantee agreement. The foregoing description of the Fifth Amendment and the Liquidity Credit Agreement is qualified in its entirety by reference to the full text of the Fifth Amendment and the Liquidity Credit Agreement, which are filed as exhibit 10.1 and exhibit 10.2, respectively, hereto and incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On April 15, 2024, the Company issued a press release that announced consummation of the amended Revolving Credit Agreement. A copy of the press release is attached as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibits are included with this Report: Exhibit No. 10.1 Fifth Amended and Restated Revolving Credit Agreement dated as of April 12, 2024 between Tanger Properties Limited Partnership, Tanger Inc., and Bank of America, National Association, as Administrative Agent, and the lenders party thereto. 10.2 Fifth Amended and Restated Liquidity Credit Agreement, dated as of April 12, 2024 between Tanger Properties Limited Partnership, Tanger Inc., and Bank of America National Associate, as Administrative Agent, and the lenders party thereto. 99.1 Press Release announcing amendment of Unsecured Lines of Credit 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 15, 2024 TANGER INC. By: /s/ Michael J. Bilerman Michael J. Bilerman Executive Vice President, Chief Financial Officer and Chief Investment Officer (Principal Financial Officer) TANGER PROPERTIES LIMITED PARTNERSHIP By: TANGER INC., its sole general partner By: /s/ Michael J. Bilerman Michael J. Bilerman Executive Vice President, Chief Financial Officer and Chief Investment Officer (Principal Financial Officer)

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