Debt of the Company (Notes) (Tanger Properties Limited Partnership)

9 Months Ended

Sep. 30, 2011

Tanger Properties Limited Partnership

Debt Disclosure [Text Block]

Debt of the Company

All of the Company's debt is held directly by the Operating Partnership.

The Company guarantees the Operating Partnership's obligations with respect to its unsecured lines of credit which have a total borrowing capacity of $400.0 million. As of September 30, 2011 and December 31, 2010, the Operating Partnership had $172.3 million and $160.0 million, respectively, outstanding in total on these lines.

The Company also guarantees the Operating Partnership's obligation with respect to the $150.0 million senior, unsecured bridge loan which closed on June 27, 2011 and the mortgage assumed in connection with the acquisition of the outlet center in Ocean City, Maryland in July 2011.