---
schema_version: "secwatch.filing_event.v1"
accession: "0000049600-22-000100"
form_type: "8-K"
ticker: "EGP"
cik: "0000049600"
company_name: "EASTGROUP PROPERTIES INC"
filed_at: "2022-08-19T23:59:59+00:00"
generated_at: "2026-06-23T22:38:35.499178+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EastGroup Properties issues $150M in senior notes at 4.90%/4.95% due 2033/2034

## Summary
- $75M of 4.90% Series A Senior Notes due Oct 12, 2033; $75M of 4.95% Series B Senior Notes due Oct 12, 2034.
- Notes are unsecured obligations fully guaranteed by certain subsidiaries of EastGroup.
- Covenants include total liabilities ≤60% of asset value, secured debt ≤40%, and dividend cap at 90% of FFO.
- Sale expected to close on or before October 12, 2022; notes issued via private placement.

## SEC filing metadata
- accession: 0000049600-22-000100
- form_type: 8-K
- ticker: EGP
- cik: 0000049600
- company_name: EASTGROUP PROPERTIES INC
- filed_at: 2022-08-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49600/000004960022000100/0000049600-22-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49600/000004960022000100/egp-20220816.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049600-22-000100
- JSON: https://secwatch.observer/filing/0000049600-22-000100.json
- Plain text: https://secwatch.observer/filing/0000049600-22-000100.txt

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