Agree Realty Corporation Secures $400 Million in 5.600% Senior Unsecured Notes Due 2035, Enhancing Financial Strategy

Reuters
2025/05/24
Agree Realty Corporation Secures $400 Million in 5.600% Senior Unsecured Notes Due 2035, Enhancing Financial <a href="https://laohu8.com/S/MSTR">Strategy</a>

Agree Realty Corporation has announced the completion of a significant financial transaction through its subsidiary, Agree Limited Partnership. On May 23, 2025, Agree Limited Partnership successfully conducted an underwritten public offering of $400 million in aggregate principal amount of 5.600% Notes due 2035. These notes are fully and unconditionally guaranteed by Agree Realty Corporation and certain wholly owned subsidiaries. The offering was managed under an indenture agreement, originally dated August 17, 2020, and amended by an officer's certificate on the issuance date. The transaction saw the underwriters purchasing the notes at 98.647% of the principal amount. The Notes, which are senior unsecured obligations, will bear interest at 5.600% per annum, with interest payments scheduled semi-annually beginning December 15, 2025, until maturity on June 15, 2035.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Agree Realty Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-052425), on May 23, 2025, and is solely responsible for the information contained therein.

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