Easterly Government Properties Files 8-K on New Agreement

TL;DR

EGP filed an 8-K for a new deal and debt. Details TBD.

AI Summary

On August 21, 2025, Easterly Government Properties, Inc. filed an 8-K report detailing a material definitive agreement and a direct financial obligation. The filing indicates the company entered into a significant agreement and incurred a financial obligation, though specific details of the agreement and obligation are not provided in this excerpt.

Why It Matters

This filing signals a new material definitive agreement and a direct financial obligation for Easterly Government Properties, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries financial risk that is not fully detailed in the provided text.

Key Players & Entities

• Easterly Government Properties, Inc. (company) — Registrant
• August 21, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $200.0 million — 021 Credit Agreement provides for (i) a $200.0 million senior unsecured term loan (the "2018 T
• $450.0 million — loan (the "2018 Term Loan") and (ii) a $450.0 million senior unsecured revolving credit facil
• $100.0 million — ustomary terms and conditions, of up to $100.0 million. Other than the foregoing, the material

Filing Documents

• dea-20250821.htm (8-K) — 50KB
• dea-ex99_1.htm (EX-99.1) — 16KB
• img154181989_0.jpg (GRAPHIC) — 3KB
• img154181989_1.jpg (GRAPHIC) — 3KB
• 0001622194-25-000007.txt ( ) — 194KB
• dea-20250821.xsd (EX-101.SCH) — 32KB
• dea-20250821_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 21, 2025, 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 fifth amendment (the "Term Loan Amendment") to its second amended and restated credit agreement, dated as of July 23, 2021 (as amended, restated, or otherwise modified from time to time, the "2021 Credit Agreement"), with Citibank, N.A., as administrative agent and the banks, financial institutions and other institutional lenders party thereto (collectively, the "Lenders"). The 2021 Credit Agreement provides for (i) a $200.0 million senior unsecured term loan (the "2018 Term Loan") and (ii) a $450.0 million senior unsecured revolving credit facility (the "2021 Revolver"). As previously reported on the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2024, the component of the 2021 Credit Agreement providing for the 2021 Revolver was terminated effective as of June 3, 2024. The Term Loan Amendment extends the maturity date of the 2018 Term Loan from July 23, 2026 to August 21, 2028, or such later date pursuant to two one-year extension options exercisable by the Company in its discretion, subject to certain conditions, including the payment of a fee. The Term Loan Amendment also removes the minimum consolidated tangible net worth financial covenant and includes an accordion feature that provides the Company with additional capacity, subject to the satisfaction of customary terms and conditions, of up to $100.0 million. Other than the foregoing, the material terms of the 2021 Credit Agreement remain unchanged. After giving effect to borrowings on the date of the Term Loan Amendment, the $200.0 million initially committed Term Loan is fully drawn. Certain of the banks and financial institutions that are parties to the 2021 Credit A

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On August 21, 2025, the Company issued a press release announcing the terms of the Fifth Amendment. A copy of that press release is furnished as Exhibit 99.1 to this Current Report. The information in this Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release, dated August 21, 2025 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: August 21, 2025 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