Agree Realty Secures $350 Million Term Loan and Amends Credit Facility

Reuters

Nov 19

Agree Realty Secures $350 Million Term Loan and Amends Credit Facility

Agree Realty Corporation has closed an unsecured $350 million 5.5-year term loan with a 12-month delayed draw feature, maturing in May 2031. The agreement includes an accordion option, allowing for an increase in commitments up to $500 million. Forward starting swaps have been entered into, fixing the interest rate at 4.02% until maturity, based on the company's current A- credit rating. No amounts have been drawn under the new term loan to date. In addition, Agree Realty amended its existing $1.25 billion senior unsecured revolving credit facility and a $350 million term loan due January 2029 to remove the SOFR credit spread adjustment and harmonize terms with the new facility. PNC Capital Markets LLC, Wells Fargo Securities, LLC, and J.P. Morgan are joint lead arrangers, with PNC Bank serving as administrative agent.

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 Business Wire (Ref. ID: 20251118263467) on November 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The agreement includes an accordion option, allowing for an increase in commitments up to $500 million. Forward starting swaps have been entered into, fixing the interest rate at 4.02% until maturity, based on the company's current A- credit rating. No amounts have been drawn under the new term loan to date. In addition, Agree Realty amended its existing $1.25 billion senior unsecured revolving credit facility and a $350 million term loan due January 2029 to remove the SOFR credit spread adjustment and harmonize terms with the new facility. PNC Capital Markets LLC, <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> Securities, LLC, and J.P. Morgan are joint lead arrangers, with PNC Bank serving as administrative agent.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The agreement includes an accordion option, allowing for an increase in commitments up to $500 million. Forward starting swaps have been entered into, fixing the interest rate at 4.02% until maturity, based on the company's current A- credit rating. No amounts have been drawn under the new term loan to date. In addition, Agree Realty amended its existing $1.25 billion senior unsecured revolving credit facility and a $350 million term loan due January 2029 to remove the SOFR credit spread adjustment and harmonize terms with the new facility. PNC Capital Markets LLC, <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> Securities, LLC, and J.P. Morgan are joint lead arrangers, with PNC Bank serving as administrative agent.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 Business Wire (Ref. ID: 20251118263467) on November 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1145028129.USD","symbol_name":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251118:nNDL9DPVMZ:1","article_id":"2584196595","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584196595","pubTimestamp":1763499922,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Agree Realty Corporation has closed an unsecured $350 million 5.5-year term loan with a 12-month delayed draw feature, maturing in May 2031. 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The agreement includes an accordion option, allowing for an increase in commitments up to $500 million. Forward starting swaps have been entered into, fixing the interest rate at 4.02% until maturity, based on the company's current A- credit rating. No amounts have been drawn under the new term loan to date. In addition, Agree Realty amended its existing $1.25 billion senior unsecured revolving credit facility and a $350 million term loan due January 2029 to remove the SOFR credit spread adjustment and harmonize terms with the new facility. PNC Capital Markets LLC, Wells Fargo Securities, LLC, and J.P. Morgan are joint lead arrangers, with PNC Bank serving as administrative agent.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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