secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2022-08-19T23:59:59+00:00
Accession:  0000049600-22-000100
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000100/0000049600-22-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960022000100/egp-20220816.htm
  HTML page:      https://secwatch.observer/filing/0000049600-22-000100

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