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Easterly Government Properties, Inc. – ‘8-K’ for 1/23/24

On:  Thursday, 1/25/24, at 4:13pm ET   ·   For:  1/23/24   ·   Accession #:  950170-24-7397   ·   File #:  1-36834

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/25/24  Easterly Gov’t Properties, Inc.   8-K:1,7,9   1/23/24   10:618K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     42K 
 2: EX-10.1     Material Contract                                   HTML    420K 
 3: EX-99.1     Miscellaneous Exhibit                               HTML     18K 
 5: R1          Document And Entity Information                     HTML     49K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- dea-20240123_htm                    XML     16K 
 7: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 4: EX-101.SCH  XBRL Taxonomy Extension Schema With Embedded         XSD     75K 
                Linkbases Document -- dea-20240123                               
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
10: ZIP         XBRL Zipped Folder -- 0000950170-24-007397-xbrl      Zip     33K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:  C: 
  8-K  
 i false i 000162219400016221942024-01-232024-01-23

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  i January 23, 2024

 

 

 i Easterly Government Properties, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 i Maryland

 i 001-36834

 i 47-2047728

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

 i 2001 K Street NW

 i Suite 775 North

 

 i Washington,  i District of Columbia

 

 i 20006

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code:  i (202)  i 595-9500

 

 i Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

 i Common Stock

 

 i DEA

 

 i The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 1.01 Entry into a Material Definitive Agreement.

On January 23, 2024, 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 seventh amendment (the “Seventh Amendment”) to its senior unsecured term loan agreement, dated as of September 29, 2016 (as amended, the “Term Loan Agreement”), with PNC Bank, National Association, as administrative agent and a lender, and U.S. Bank National Association and Truist Bank, as lenders. The Seventh Amendment extends the maturity date of the term loan from March 29, 2024 to January 30, 2025. Other than the foregoing, the material terms of the Term Loan Agreement remain unchanged.

Certain of the banks and financial institutions that are parties to the Term Loan Agreement and their respective affiliates have in the past provided, are currently providing, and in the future may continue to provide investment banking, commercial banking and other financial services to the Company and its affiliates in the ordinary course of business for which they have received and will receive customary compensation.

The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Seventh Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

A copy of the Company’s press release announcing the execution of the Seventh Amendment is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit Number

Description

10.1

Seventh Amendment to Term Loan Agreement, dated as of January 23, 2024, by and among the Company, the Operating Partnership, the Guarantors named therein, PNC Bank, National Association, as Administrative Agent and a Lender, and U.S. Bank National Association and Truist Bank, as Lenders

99.1

Press Release, dated January 25, 2024.

104

Cover Page Interactive Data File (embedded within the inline XBRL document.)


 


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:

January 25, 2024

By:

/s/ Franklin V. Logan

 

 

 

Franklin V. Logan
Executive Vice President, General Counsel and Secretary

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
1/30/25
3/29/24
Filed on:1/25/24
For Period end:1/23/244
9/29/168-K
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/30/24  Easterly Gov’t Properties, Inc.   10-Q        3/31/24   78:9.1M                                   Donnelley … Solutions/FA
 2/28/24  Easterly Gov’t Properties, Inc.   424B5                  2:961K                                   Donnelley … Solutions/FA
 2/28/24  Easterly Gov’t Properties, Inc.   424B5                  2:959K                                   Donnelley … Solutions/FA
 2/28/24  Easterly Gov’t Properties, Inc.   S-3ASR      2/28/24    5:1M                                     Donnelley … Solutions/FA
 2/27/24  Easterly Gov’t Properties, Inc.   10-K       12/31/23  104:21M                                    Donnelley … Solutions/FA
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