EastGroup enters $625M revolver; matures July 2028, repays existing facility

EASTGROUP PROPERTIES INC

New $625M unsecured revolver replaces June 2021 facility; $625M accordion feature included.
Initial maturity July 31, 2028 with two six-month extension options.
Initial interest rate at SOFR plus 0.765% (6.10% as of June 13, 2024).
Sustainability-linked pricing component adjusts margin if ESG targets met.
Existing $625M facility repaid and terminated; working cash line extended to same maturity.

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