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

Easterly Government Properties extends $200 million term loan to August 2028

Positive Impact 3 of 5 financing Written later

Easterly Government Properties amended its $200.0 million senior unsecured term loan, extending the maturity from July 23, 2026 to August 21, 2028, with two one-year extension options at the company's discretion. The amendment also removes the minimum consolidated tangible net worth covenant and adds a $100.0 million accordion feature, and the full $200.0 million is drawn after borrowings on the amendment date.

Key points

  • Maturity extended from July 23, 2026 to August 21, 2028, with two one-year extension options that could push it to August 2030
  • Minimum consolidated tangible net worth financial covenant removed
  • Accordion feature adds up to $100.0 million of additional borrowing capacity, subject to customary conditions
  • Term loan is fully drawn at $200.0 million; initial spread set at SOFR plus 1.45%, within a 1.20% to 1.70% range based on leverage

The filing

CompanyEasterly Government Properties (DEA)
Form8-K, current report
Filed with the SECAug 21, 2025, 4:35 PM ET
Accession number0001622194-25-000007

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 August 21, 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.