Easterly Government Properties, Inc. announced it has extended a $100 million unsecured term loan executed in 2016. Easterly secured market leading terms for the facility and extended the weighted average life of maturities at attractive spreads, underscoring the company?s fortified balance sheet and strong capital partner relationships. The loan now matures on January 30, 2025.

Borrowings under the Term Loan will continue to bear interest at a rate of SOFR, a credit spread adjustment of 0.10%, plus a spread of 1.20% to 1.70%, depending on the Company's leverage ratio. Given the Company's current leverage ratio, the Extended Term Loan?s initial spread to SOFR is set at 1.35%.