debt
confidence high
sentiment neutral
materiality 0.50
Easterly Government Properties increases credit facility by $50M to $650M
Easterly Government Properties, Inc.
- New $650M credit facility: $450M revolver (matures July 2025) and $200M term loan (matures July 2026).
- Accordion feature allows up to $250M additional borrowing capacity subject to customary terms.
- Interest margins: revolver 1.20%-1.80%, term loan 1.20%-1.70% over LIBOR; 0.01% reduction for sustainability targets.
- Fourth amendment to existing $100M term loan conforms to new credit agreement; outstanding balance unchanged.