secwatch.observer — SEC 8-K summary
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Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0001622194-25-000007
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000162219425000007/0001622194-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000162219425000007/dea-20250821.htm
  HTML page:      https://secwatch.observer/filing/0001622194-25-000007

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