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Debt Guaranteed by the Company
 6 Months Ended
Jun. 30, 2021
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 as of June 30, 2021. 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, 2021December 31, 2020
Unsecured lines of credit$— $— 
Unsecured term loan$300,000 $350,000