NYSE:SKTRetail REITs
Tanger’s Expanded Exchangeable Notes And New Liquidity Moves Might Change The Case For Investing In SKT
Tanger Inc. recently upsized and priced a US$220 million offering of 2.375% exchangeable senior notes due 2031, alongside new unsecured term loans totaling US$550 million, to refinance debt, support share repurchases, and bolster liquidity.
By pairing exchangeable notes with capped call transactions and extending its debt maturities into the next decade, Tanger is explicitly prioritizing balance sheet flexibility while seeking to limit future share dilution for existing investors.
We’ll now...