secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0000049600-25-000117
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup enters $250M unsecured term loan; removes 0.10% SOFR adjustment on existing credit lines
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- $250M unsecured term loan split: Tranche A $100M (matures Apr 2030), Tranche B $150M (matures Mar 2031).
- Interest rate swaps fix weighted average rate at 4.15% per annum; margin 0.85% based on credit ratings.
- Amended $625M revolver and six other credit facilities to eliminate 0.10% upward SOFR adjustment.
- Proceeds for general business purposes; loan agreement filed as Exhibit 10.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000004960025000117/0000049600-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000004960025000117/egp-20251119.htm
  HTML page:      https://secwatch.observer/filing/0000049600-25-000117

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