Quarterly report pursuant to Section 13 or 15(d)

Debt Guaranteed by the Company

v3.20.2
Debt Guaranteed by the Company
6 Months Ended
Jun. 30, 2020
Tanger Factory Outlet Centers, Inc. [Member]  
Debt Guaranteed by the Company Debt Guaranteed by the Company

All of the Company’s debt is held by the Operating Partnership and its consolidated subsidiaries.

The Company guarantees the Operating Partnership’s obligations with respect to its unsecured lines of credit which have a total borrowing capacity of $600.0 million. The Company also guarantees the Operating Partnership’s unsecured term loan.

The Operating Partnership had the following principal amounts outstanding on the debt guaranteed by the Company (in thousands):
 
 
As of
 
 
June 30, 2020
 
December 31, 2019
Unsecured lines of credit
 
$
399,830

 
$

Unsecured term loan
 
$
350,000

 
$
350,000