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

Reuters11-26

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2586409108?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-26 05:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2586409108","market":"nz","top_or_hot":-1,"title":"EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/EGP\">EastGroup Properties Inc</a>. 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.\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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-26 05:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/EGP\">EastGroup Properties Inc</a>. 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.\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":"BK4207","symbol_name":"综合性银行","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. 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","PNC":"PNC金融","BK4211":"区域性银行","LU0971096721.USD":"富达环球金融服务 A","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4504":"桥水持仓","BK4171":"工业房地产投资信托","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","EGP":"EastGroup Properties Inc","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4224":"工业房地产信托","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4566":"资本集团","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4588":"碎股"},"translate_title":"EastGroup Properties获得由PNC银行牵头的2.5亿美元无担保定期贷款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EGP":0.9,"PNC":0.9},"content_text":"EastGroup Properties Secures $250 Million Unsecured Term Loan Led by PNC Bank\n    \n\nEastGroup 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.\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"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2586409108","isCrawlerRequest":true}