SEC Contract Filing

Filing Date: 2020-06-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex103firstamendmenttos.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<div><a name="sca58a5fda2c04917a5c60e9dd909a74d"></a></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.3</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Execution Version</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">FIRST AMENDMENT TO SECOND AMENDED AND RESTATED TERM LOAN AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dated as of June 11, 2020</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FIRST AMENDMENT TO SECOND AMENDED AND RESTATED TERM LOAN AGREEMENT </font><font style="font-family:inherit;font-size:10pt;">(this &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:10pt;">&#8221;) by and among</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;TANGER PROPERTIES LIMITED PARTNERSHIP</font><font style="font-family:inherit;font-size:10pt;">, a North Carolina limited partnership, in its capacity as the borrower under the Credit Agreement (as defined below) (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:10pt;">&#8221;), the &#8220;Guarantor&#8221; identified on the signature pages attached hereto, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WELLS FARGO BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:10pt;">, a national banking association, in its capacity as administrative agent under the Credit Agreement (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:10pt;">&#8221;) and the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:10pt;">&#8221; party to the Credit Agreement and identified on the signature pages hereto, is with respect to that certain Second Amended and Restated Term Loan Agreement dated as of October 25, 2018, among the Borrower, the Administrative Agent, the Lenders, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Wells Fargo Securities, LLC, SunTrust Robinson Humphrey, Inc., </font><font style="font-family:inherit;font-size:10pt;">and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNC Capital Markets LLC</font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;">as Joint Lead Arrangers, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TRUIST Bank</font><font style="font-family:inherit;font-size:10pt;">&#32;and</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;PNC BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:10pt;">, as Co-Syndication Agents, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REGIONS BANK</font><font style="font-family:inherit;font-size:10pt;">, as Documentation Agent, and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WELLS FARGO SECURITIES, LLC</font><font style="font-family:inherit;font-size:10pt;">, as Sole Bookrunner (as the same may have been or may be amended, restated, supplemented or otherwise modified, the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;), and is an amendment to and modification of the terms, conditions and provisions of the Credit Agreement and the other Loan Documents referenced therein, as set forth below. Capitalized terms used herein and not otherwise defined shall have the meanings given to such terms in the Credit Agreement, as amended hereby.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:10pt;">, the Borrower and the Guarantor have requested that the Administrative Agent and the Lenders modify certain terms and provisions of the Loan Documents as set forth herein. The Administrative Agent and the Lenders are willing to make such mo