EastGroup Properties ups revolving credit facility to $425M, extends maturity to 2025

EASTGROUP PROPERTIES INC

Revolving facility increased from $350M to $425M; $325M accordion feature available.
Maturity date July 30, 2025 with two six-month extension options at company's election.
Initial interest rate LIBOR + 0.775% (0.87525% at closing); facility fee 0.15%.
Working cash line raised from $45M to $50M, extended to same July 2025 maturity.
Sustainability-linked pricing: 1 bps reduction if sustainability performance targets met.

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