O’Melveny Advises Citibank on US$400 Million Credit Facility for Easterly Government Properties, Inc.

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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Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com