Easterly Government Properties Secures $200M in Senior Notes

Easterly Government Properties (DEA) has issued an announcement.

Easterly Government Properties, Inc. and its operating partnership have sealed a deal for the issuance of $200 million in senior unsecured notes, split into two series with identical interest rates and different issuance dates. These notes will help refinance existing debt and support general corporate activities, carrying the option for early repayment under certain conditions. Ensuring confidence, the company’s subsidiaries are backing the obligations, with the deal structured to safeguard against defaults and breaches of covenants. This strategic financial move, exempt from standard registration requirements, aims to bolster the company’s financial standing without public offering.

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