---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-21-000086"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2021-07-01T23:59:59+00:00"
generated_at: "2026-06-30T08:14:31.138861+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000049600-21-000086
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2021-07-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960021000086/0000049600-21-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960021000086/egp-20210629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-21-000086
- JSON: https://secwatch.observer/filing/0000049600-21-000086.json
- Plain text: https://secwatch.observer/filing/0000049600-21-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.