11:01 AM EDT, 06/04/2024 (MT Newswires) -- Easterly Government Properties ( DEA ) said Tuesday it executed a new $400 million revolving credit facility that is initially scheduled to mature in June 2028.

The revolver has two six-month as-of-right extension options available to extend the maturity to June 2029.

The real estate investment trust said it can request additional lender commitments of up to $250 million under the revolver's accordion feature.

Easterly Government said it plans to use borrowings for general corporate purposes.

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