** Tanger's SKT.N shares down 0.9% post-market to $33.74 as real estate investment trust seeks capital to refinance debt

** Greensboro, North Carolina-based owner/operator of outlet and open-air shopping centers announces private offering of $200 mln 5-yr exchangeable notes

** Co intends to use net offering proceeds to help repay all outstanding debt under lines of credit, fully repay outstanding $350 mln principal amount of its 3.125% notes due 2026, remainder for general purposes, including potential repayment of other indebtedness

** It also plans to use a portion of proceeds to pay cost of capped calls, derivative transactions employed to help offset dilution, and use up to $20 mln to repurchase its shares to facilitate hedging transactions

** SKT shares on Tues finished up 2.1% at $34.05 for roughly $4 bln market cap. Stock lost about 2% in 2025

** 5 of 12 analysts rate stock "strong buy" or "buy", 7 rate "hold"; median PT $37, LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))