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Issuer / Guarantor
|
Tanger Properties Limited Partnership
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|
Size
|
USD 250mn
|
|
Type
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Convertible
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|
Leads
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BoA, Truist, Wells Fargo, TD Cowen, Scotia Capital
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|
|
|
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Maturity
|
15 Jan 2031 (5 years)
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|
Coupon
|
2.375% (2.125 - 2.625%)
|
|
Premium
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22.5% (20 - 25%)
|
|
Calls
|
NC3; PC @ 130% w table MW
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|
Puts
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t/o @ 100%
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Div protection
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Ratio adjustment (for excess above threshold)
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T/o protection
|
Make-whole table
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|
CoCo
|
130% to Oct 2030 (4.8 yrs)
|
|
Announced
|
06 Jan 2026
|
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