secwatch.observer — SEC 8-K summary
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Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0000950170-24-069085
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Easterly Government Properties enters new $400M revolving credit facility, total capacity up to $700M
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- New $400M senior unsecured revolver with accordion feature allowing up to $300M additional commitments, total capacity up to $700M.
- Revolver matures June 2028 with two six-month extension options to June 2029.
- Borrowings at Adjusted SOFR plus 1.20%-1.80%; initial spread 1.35% based on leverage ratio.
- Proceeds for general corporate purposes; previous $450M revolver terminated upon funding.
- Press release corrected accordion capacity to $300M (not originally announced $250M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000095017024069085/0000950170-24-069085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000095017024069085/dea-20230530.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-069085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer