debt
confidence high
sentiment neutral
materiality 0.25
Easterly extends $50M delayed-draw term loan deadline to July 2023
Easterly Government Properties, Inc.
- Amendment extends funding deadline for $50M delayed draw portion of $200M unsecured term loan facility to July 24, 2023 (from July 22, 2022).
- No changes to total facility size, interest rates, or covenants; all other terms unchanged.
- Amendment executed with Citibank as administrative agent, Wells Fargo and PNC as co-syndication agents.
- Loan parties reaffirmed obligations and no defaults existed after giving effect to amendment.