O’Melveny Advises Citibank on US$400 Million Credit Facility for Easterly Government Properties, Inc.
June 6, 2024
FOR IMMEDIATE RELEASE
NEW YORK—June 6, 2024—O’Melveny represented Citibank, N.A. as administrative agent in connection with Easterly Government Properties’ US$400 million revolving credit facility. The facility includes an accordion feature that allows the company to request additional lender commitments of up to US$250 million for a total of US$650 million. The facility will initially mature in June 2028 and includes two six-month as-of-right extension options whereby the maturity can be extended to June 2029.
Easterly Government Properties, Inc. (NYSE: DEA) is a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the US Government.
The O’Melveny team was led by New York Real Estate partner Malcolm Montgomery and counsel Anthony Roselle.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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