Easterly Government Properties, Inc. (DEA): debt financing — Easterly issues $125M in senior unsecured notes in two tranches

Easterly Government Properties, Inc.

$25M Series A notes at 6.13% due March 2030; $100M Series B notes at 6.33% due March 2032.
Proceeds to repay revolving credit facility borrowings and for general corporate purposes.
Notes issued by operating partnership and guaranteed by Easterly and certain subsidiaries.
Prepayment allowed with make-whole; standard financial covenants included.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Easterly Government Properties, Inc. incurred senior notes of $125,000,000 with the purchasers named therein at 6.13% and 6.33% maturing March 20, 2030 for Series A and March 20, 2032 for Series B.

Instrument: senior notes
Principal: $125,000,000
Counterparty: the purchasers named therein
Rate: 6.13% and 6.33%
Maturity: March 20, 2030 for Series A and March 20, 2032 for Series B
Event: incurrence

Exact text from the filing

On March 20, 2025, Easterly Government Properties, Inc. (the “Company”), and its operating partnership, Easterly Government Properties LP (the “Operating Partnership”), entered into a master note purchase agreement (the “Purchase Agreement”), with the purchasers named therein (the “Purchasers”). Pursuant to the Purchase Agreement, on March 20, 2025, the Operating Partnership issued and sold an aggregate of $125,000,000 of fixed rate, senior unsecured notes (the “Notes”) to the Purchasers.

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Easterly Government Properties, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-044106

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