Easterly Government Properties (DEA) Prices 12M Commoon IPO at $15/Share

Easterly Government Properties, Inc. (NYSE: DEA) announced the pricing of an initial public offering of 12,000,000 shares of its common stock at $15.00 per share. The shares will be listed on the New York Stock Exchange and trade under the ticker symbol “DEA” beginning tomorrow, February 6, 2015. Easterly has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares at the initial public offering price, less underwriting discounts. The offering is expected to close on February 11, 2015, subject to customary closing conditions.

Easterly intends to use the net proceeds of the offering, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the company, primarily for the repayment of indebtedness and certain fees and expenses and for general corporate purposes.

Citigroup, Raymond James and RBC Capital Markets are serving as joint bookrunners for the offering.

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