EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank

Reuters

11/26

EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank

EastGroup Properties Inc. and its subsidiary have entered into a new $250 million unsecured term loan agreement with a group of lenders led by PNC Bank, National Association, as Agent. The loan is split into two tranches: Tranche A is a $100 million term loan maturing April 30, 2030, and Tranche B is a $150 million term loan maturing March 14, 2031. Interest rates are based on SOFR or other specified rates plus a margin determined by EastGroup's credit ratings and leverage ratio; the company has fixed the rate at a weighted average of 4.15% per annum through interest rate swaps. Additionally, EastGroup amended its $625 million unsecured credit facility to remove a 0.10% upward interest rate adjustment for SOFR loans, with no other material changes. Similar amendments were made to several other existing credit facilities and term loans, also eliminating the 0.10% SOFR adjustment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastgroup Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000049600-25-000117), on November 25, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastgroup Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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The loan is split into two tranches: Tranche A is a $100 million term loan maturing April 30, 2030, and Tranche B is a $150 million term loan maturing March 14, 2031. Interest rates are based on SOFR or other specified rates plus a margin determined by EastGroup's credit ratings and leverage ratio; the company has fixed the rate at a weighted average of 4.15% per annum through interest rate swaps. Additionally, EastGroup amended its $625 million unsecured credit facility to remove a 0.10% upward interest rate adjustment for SOFR loans, with no other material changes. Similar amendments were made to several other existing credit facilities and term loans, also eliminating the 0.10% SOFR adjustment.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastgroup Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000049600-25-000117), on November 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251125:nNDL2n8StC:1","article_id":"2586409108","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586409108","pubTimestamp":1764105469,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"EastGroup Properties Inc. and its subsidiary have entered into a new $250 million unsecured term loan agreement with a group of lenders led by PNC Bank, National Association, as Agent. 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The loan is split into two tranches: Tranche A is a $100 million term loan maturing April 30, 2030, and Tranche B is a $150 million term loan maturing March 14, 2031. Interest rates are based on SOFR or other specified rates plus a margin determined by EastGroup's credit ratings and leverage ratio; the company has fixed the rate at a weighted average of 4.15% per annum through interest rate swaps. Additionally, EastGroup amended its $625 million unsecured credit facility to remove a 0.10% upward interest rate adjustment for SOFR loans, with no other material changes. Similar amendments were made to several other existing credit facilities and term loans, also eliminating the 0.10% SOFR adjustment.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eastgroup Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000049600-25-000117), on November 25, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}