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AI brief of an SEC Form 8-K · Easterly Government Properties (DEA)

Easterly Government Properties extends $100 million term loan to January 2028

Neutral Impact 3 of 5 financing Written later

Easterly Government Properties amended its senior unsecured term loan, extending the maturity from January 30, 2025 to January 28, 2028, with two one-year extension options that could push it to January 28, 2030. The amendment also raises the accordion feature capacity from $150 million to $250 million and sets an interest rate swap fixing SOFR at 3.8569%. The changes give the company more time to repay its debt and more borrowing room, with no change to the other core loan terms.

Key points

  • Maturity extended from January 30, 2025 to January 28, 2028, with two one-year options to January 28, 2030
  • Accordion feature capacity increased from $150 million to $250 million
  • Interest rate swap fixes SOFR at 3.8569% annually; initial spread to SOFR set at 1.35%
  • Amendment dated January 8, 2025 with PNC Bank as administrative agent

The filing

CompanyEasterly Government Properties (DEA)
Form8-K, current report
Filed with the SECJan 14, 2025, 8:30 AM ET
Accession number0000950170-25-005107

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 14, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.