TANGER FACTORY OUTLET CENTERS, INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On October 12, 2022, Tanger Properties Limited Partnership (the "Operating
Partnership"), a majority owned subsidiary of Tanger Factory Outlet Centers,
Inc. (the "Company"), closed on a Third Amendment (the "Third Amendment") to the
Second Amended and Restated Term Loan Agreement (as amended, the "Term Loan
Agreement") between the Operating Partnership, the Company, Wells Fargo Bank,
National Association, as administrative agent, and the lenders party thereto.
The Third Amendment, among other things, increased the size of the unsecured
term loan from $300 million to $325 million, extended the maturity date from
April 22, 2024 to January 13, 2027 (which may be extended by one additional year
by exercising an extension option), and reduced the applicable pricing margin
from LIBOR plus 125 basis points to adjusted SOFR plus 120 basis points based on
the Company's current credit rating. The amendment also incorporates a
sustainability metric, reducing the applicable grid-based interest rate spread
by one basis point annually, subject to meeting certain thresholds.

The Term Loan Agreement continues to be guaranteed by the Company pursuant to a
guarantee agreement.

The foregoing description of the Third Amendment is qualified in its entirety by
reference to the full text of the Third Amendment, which is filed as exhibit
10.1 hereto and incorporated herein by reference. Capitalized terms used but not
defined herein have the meanings ascribed to them in the Term Loan Agreement.


Item 9.01    Financial Statements and Exhibits

(d) Exhibits

The following exhibits are included with this Report:

Exhibit No.

        10.1                  Third Amendment to     Second     Amended and 

Restated Term Loan Agreement

                            dated as of October 12, 2022 between Tanger Properties Limited
                            Partnership    , Tanger Factory Outlet Centers, Inc.,      and Wells Fargo
                            Bank, National Association, as Administrative

Agent, and the lenders party

                            thereto.

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