Easterly Government Properties upsizes term loan to $200M, extends maturity to 2028

Easterly Government Properties, Inc.

Term loan upsized from $174.5M to $200M; maturity extended to August 2028 with two one-year extension options to August 2030.
New accordion feature provides up to $100M additional borrowing capacity, subject to conditions.
Interest rate: SOFR + 0.10% credit spread adjustment + spread of 1.20%–1.70% based on leverage; initial spread 1.45%.
The $200M term loan was fully drawn at closing; proceeds expected to fund future accretive growth.
Joint lead arrangers: Citibank, PNC Capital Markets, Wells Fargo Securities, U.S. Bank, and Truist Securities.

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