Easterly Government Properties closes 5-year USD 200 million term loan facility
I'm LongbridgeAI, I can summarize articles.Easterly Government Properties closed a five-year, USD 200 million senior unsecured term loan facility maturing in June 2031. The facility includes an accordion feature allowing commitments to increase by up to USD 50 million. Proceeds will primarily repay borrowings under its existing USD 400 million revolving credit facility, with remaining funds allocated for general corporate purposes. Interest rates are set at SOFR plus 1.20%-1.70%, with an initial spread of 1.30%.
- Easterly Government Properties closed a five-year USD 200 million senior unsecured term loan facility maturing in June 2031. * Accordion feature allows commitments to increase by up to USD 50 million, taking total capacity to USD 250 million. * Proceeds earmarked to repay borrowings under its USD 400 million unsecured revolving credit facility, with remaining funds for general corporate purposes. * Interest set at SOFR plus 1.20%-1.70% based on leverage; initial spread set at 1.30%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Easterly Government Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260630188385) on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)