Tanger (SKT) Plans $200 Million Exchangeable Senior Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: Newsfilter
- Financing Plan: Tanger Properties Limited Partnership intends to offer $200 million of exchangeable senior notes, which is expected to enhance liquidity for future growth initiatives.
- Additional Option: The initial purchasers have the option to buy an additional $30 million of notes, potentially boosting the company's financing capacity and market confidence.
- Debt Management: The company plans to use part of the net proceeds to repay $350 million of 3.125% senior notes, which is expected to improve its financial structure and reduce interest burdens.
- Share Buyback: Up to $20 million of net proceeds will be used for share repurchases, which could increase stock market prices and bolster investor confidence.
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Analyst Views on SKT
Wall Street analysts forecast SKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKT is 36.89 USD with a low forecast of 33.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 32.310
Low
33.00
Averages
36.89
High
40.00
Current: 32.310
Low
33.00
Averages
36.89
High
40.00
About SKT
Tanger Inc. is an owner and operator of outlet and open-air retail shopping destinations, with expertise in the retail and outlet shopping industries. The Company is a fully integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlets and open-air shopping centers. Its outlet centers and other assets are held by, and all its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). The Company operates about 38 outlet centers, one adjacent managed center and three open-air lifestyle centers comprising over 16 million square feet positioned across tourist destinations and markets in 21 United States (U.S.) states and Canada. It offers over 3,000 stores operated by more than 700 different brand name companies. Its consolidated outlet centers include Tanger Outlets Deer Park, Tanger Outlets Riverhead, Tanger Outlets Foley, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Tanger (SKT) Declares $0.2925 Quarterly Dividend with 3.49% Yield
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