Agree Limited Partnership, a subsidiary of Agree Realty Corporation, has announced a significant financial move with the underwritten public offering of $400 million in 5.600% Notes due 2035. This development follows the subsidiary's entry into an underwriting agreement with leading financial institutions, including J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. The issuance marks a strategic step for the Delaware-based partnership and its Maryland-based parent company, enhancing their financial standing in the market.
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