Easterly Government Properties, Inc. announced it has executed a new $400 million revolving credit facility (the ?Revolver?). The Revolver includes an accordion feature that allows the Company to request additional lender commitments of up to $250 million, for a total Revolver capacity of up to $650 million. The Revolver will initially mature four years from the closing date, in June 2028, with two six-month as-of-right extension options available to extend the maturity to June 2029.

Borrowings under the Revolver will bear interest at a rate of Adjusted SOFR plus a spread of 1.20% to 1.80%, depending on the Company?s leverage ratio. Given the Company's current leverage ratio, the initial spread to Adjusted SOFR is set at 1.35%. The Company intends to use borrowings under the Revolver for general corporate purposes, including but not limited to acquisitions, development, redevelopment and other capital expenditures.

All outstanding borrowings on the Company?s previous revolving credit facility that was set to expire in July 2025 will be assumed under the newly executed Revolver.