Easterly Gov Properties Enters Material Definitive Agreement

TL;DR

**DEA just signed a big deal, could be a game-changer for the stock.**

AI Summary

Easterly Government Properties, Inc. (DEA) filed an 8-K on January 25, 2024, reporting an "Entry into a Material Definitive Agreement" on January 23, 2024. This filing indicates that the company has entered into a significant contract or agreement, which could impact its future revenue streams or operational costs. For investors, this matters because material agreements can significantly alter a company's financial outlook, potentially affecting stock performance and dividend stability for this real estate investment trust specializing in government properties.

Why It Matters

A material definitive agreement can signal new business opportunities or significant changes in operations, directly influencing Easterly Government Properties' financial health and investor returns.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its exact nature and financial impact, which could be positive or negative.

Analyst Insight

Investors should monitor subsequent filings or press releases from Easterly Government Properties, Inc. for specific details regarding the material definitive agreement to assess its potential impact on the company's financials and future prospects.

Key Players & Entities

• Easterly Government Properties, Inc. (company) — the registrant filing the 8-K
• DEA (company) — the trading symbol for Easterly Government Properties, Inc.
• January 23, 2024 (date) — the date of the earliest event reported
• January 25, 2024 (date) — the filing date of the 8-K
• New York Stock Exchange (company) — where DEA common stock is registered

FAQ

Filing Documents

• dea-20240123.htm (8-K) — 42KB
• dea-ex10_1.htm (EX-10.1) — 426KB
• dea-ex99_1.htm (EX-99.1) — 18KB
• img154181989_0.jpg (GRAPHIC) — 3KB
• img154181989_1.jpg (GRAPHIC) — 3KB
• 0000950170-24-007397.txt ( ) — 630KB
• dea-20240123.xsd (EX-101.SCH) — 25KB
• dea-20240123_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 23, 2024, Easterly Government Properties, Inc. (the “ Company ”), its operating partnership, Easterly Government Properties LP (the “Operating Partnership”), and certain subsidiaries of the Operating Partnership entered into a seventh amendment (the “ Seventh Amendment ”) to its senior unsecured term loan agreement, dated as of September 29, 2016 (as amended, the “ Term Loan Agreement ”), with PNC Bank, National Association, as administrative agent and a lender, and U.S. Bank National Association and Truist Bank, as lenders. The Seventh Amendment extends the maturity date of the term loan from March 29, 2024 to January 30, 2025. Other than the foregoing, the material terms of the Term Loan Agreement remain unchanged. Certain of the banks and financial institutions that are parties to the Term Loan Agreement and their respective affiliates have in the past provided, are currently providing, and in the future may continue to provide investment banking, commercial banking and other financial services to the Company and its affiliates in the ordinary course of business for which they have received and will receive customary compensation. The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Seventh Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A copy of the Company’s press release announcing the execution of the Seventh Amendment is furnished herewith as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Seventh Amendment to Term Loan Agreement, dated as of January 23, 2024, by and among the Company, the Operating Partnership, the Guarantors named therein, PNC Bank, National Association, as Administrative Agent and a Lender, and U.S. Bank National Association and Truist Bank, as Lenders 99.1 Press Release, dated January 25, 2024 . 104 Cover Page Interactive Data File (embedded within the inline XBRL document.)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EASTERLY GOVERNMENT PROPERTIES, INC. Date: January 25, 2024 By: /s/ Franklin V. Logan Franklin V. Logan Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR