Easterly Government Properties Issues $125 Million in Senior Unsecured Notes
March 25 2025 - 8:00AM
Business Wire
Easterly Government Properties, Inc. (NYSE: DEA) (the “Company”
or “Easterly”), a fully integrated real estate investment trust
focused primarily on the acquisition, development and management of
Class A commercial properties leased to U.S. Government agencies
and its adjacent partners, announced today that it has entered into
a master notes purchase agreement to issue $125 million of five and
seven-year senior unsecured notes (“Senior Notes”) issued and sold
by Easterly Government Properties LP, the Company’s operating
partnership (the “Partnership”) on March 20, 2025, consisting
of:
- $25 million of 6.13% Series A Senior Notes with a maturity date
of March 20, 2030; and
- $100 million of 6.33% Series B Senior Notes with a maturity
date of March 20, 2032.
“Easterly’s ability to issue senior unsecured notes and attract
both new and existing investors demonstrates our capacity to thrive
in times of market volatility,” said Allison Marino, Easterly’s
Chief Financial Officer. “Such resilience not only underscores
Easterly’s solid fundamentals but also reinforces its long-term
growth potential, financial stability, and ability to earn the
trust of investors even in uncertain environments.”
The Senior Notes have not been and will not be registered under
the Securities Act of 1933 or the securities laws of any state or
other jurisdiction and may not be offered or sold in the United
States or any other jurisdiction absent registration or an
exemption from the registration requirements of the Securities Act
of 1933 and the applicable securities laws of any state or other
jurisdiction.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE:DEA) is based in
Washington, D.C., and focuses primarily on the acquisition,
development and management of Class A commercial properties that
are leased to the U.S. Government. Easterly’s experienced
management team brings specialized insight into the strategy and
needs of mission-critical U.S. Government agencies for properties
leased through the U.S. General Services Administration (GSA). For
further information on the company and its properties, please visit
www.easterlyreit.com.
This press release contains forward-looking statements within
the meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “believe,” “expect,” “intend,” “project,”
“anticipate,” “position,” and other similar terms and phrases,
including references to assumptions and forecasts of future
results. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which may cause the actual results to differ
materially from those anticipated at the time the forward-looking
statements are made. These risks include, but are not limited to,
those risks and uncertainties associated with our business
described from time to time in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K filed
on February 25, 2025. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of the date of this
release, and we undertake no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in our expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20250325121367/en/
Easterly Government Properties, Inc. Lindsay S. Winterhalter
Senior Vice President, Investor Relations & Operations
202-596-3947 IR@easterlyreit.com
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