secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0000049600-21-000086
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960021000086/0000049600-21-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960021000086/egp-20210629.htm
  HTML page:      https://secwatch.observer/filing/0000049600-21-000086

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