secwatch.observer — SEC 8-K summary
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Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2025-01-14T23:59:59+00:00
Accession:  0000950170-25-005107
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000095017025005107/0000950170-25-005107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000095017025005107/dea-20250108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-005107

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