Easterly extends term loan maturity to 2028, boosts accordion capacity by $100M

Easterly Government Properties, Inc.

Maturity extended from Jan 30, 2025 to Jan 28, 2028; two one-year extension options (to Jan 2030).
Accordion capacity increased from $150M to $250M under same terms as existing agreement.
Entered interest rate swap fixing SOFR at 3.8569% annually to reduce rate exposure.
Initial borrowing spread set at 1.35% over SOFR plus 0.10% credit spread adjustment.
Joint lead arrangers: PNC Capital Markets, U.S. Bank, Truist Securities; PNC Bank administrative agent.

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