secwatch.observer — SEC 8-K summary
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Issuer:     EASTGROUP PROPERTIES INC (EGP)
CIK:        0000049600
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001140361-23-001638
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EastGroup Properties ups revolving credit facility to $625M, shifts to SOFR
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- Total commitment increased by $200M, from $425M to $625M.
- TD Bank added as Co-Documentation Agent; Huntington National Bank and Associated Bank as new lenders.
- Benchmark rate replaced LIBOR with SOFR; existing LIBOR borrowings converted to Term SOFR.
- Other material terms of credit agreement remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49600/000114036123001638/0001140361-23-001638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49600/000114036123001638/brhc10046420_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-001638

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