Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
EASTGROUP PROPERTIES INC incurred term loan of $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecure with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto at Daily Simple SOFR option and the margin is 0.85% as of November 19, 2025 based o maturing Tranche A: April 30, 2030; Tranche B: March 14, 2031.
- Instrument
- term loan
- Principal
- $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecure
- Counterparty
- PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto
- Rate
- Daily Simple SOFR option and the margin is 0.85% as of November 19, 2025 based o
- Maturity
- Tranche A: April 30, 2030; Tranche B: March 14, 2031
- Event
- incurrence
Exact text from the filing
New Loan Agreement On November 19, 2025, EastGroup Properties, Inc. (the “Company”) and its subsidiary, EastGroup Properties, L.P. (the “Operating Partnership”), entered into a Term Loan Agreement (the “Loan Agreement”) with PNC Bank, National Association, as Agent, Regions Bank, as Syndication Agent, TD Bank, N.A., as Documentation Agent, PNC Capital Markets LLC, Regions Capital Markets, and TD Bank, N.A., as Joint Lead Arrangers, and PNC Capital Markets LLC, as the Sole Bookrunner, and the lender parties thereto. The Loan Agreement provides for a total of $250.0 million unsecured term loans separated into Tranche A and Tranche B. Tranche A provides a $100.0 million unsecured term loan with a maturity date of April 30, 2030. Tranche B provides a $150.0 million unsecured term loan with a maturity date of March 14, 2031. Borrowings under the Loan Agreement will bear interest, at the Company’s option, at the Base Rate, Term Secured Overnight Financing Rate (“SOFR”), or Daily Simple SOFR,
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.97
EASTGROUP PROPERTIES INC amended credit facility of No change to principal; $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028. with Company and the Operating Partnership at Removed upward 0.10% interest rate adjustment for SOFR loans. maturing July 31, 2028 (unchanged).
- Instrument
- credit facility
- Principal
- No change to principal; $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028.
- Counterparty
- Company and the Operating Partnership
- Rate
- Removed upward 0.10% interest rate adjustment for SOFR loans.
- Maturity
- July 31, 2028 (unchanged)
- Event
- amendment
Exact text from the filing
Amendment to Unsecured Credit Facility On November 19, 2025, the Company and the Operating Partnership entered into an amendment (the “Revolver Amendment”) to the Company’s $625.0 million Sixth Amended and Restated Credit Agreement maturing July 31, 2028, to remove the upward 0.10% interest rate adjustment for SOFR loans.
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