---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-060580"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:05:38.170188+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Agree Realty subsidiary issues $450M 5.625% Notes due 2034

## Summary
- Agree Limited Partnership issued $450M aggregate principal of 5.625% senior unsecured Notes due June 15, 2034.
- Net proceeds to parent Agree Realty Corporation ~$440.8M after underwriting discount and expenses.
- Notes guaranteed by Agree Realty Corporation and certain wholly owned subsidiaries.
- Interest payable semi-annually on June 15 and December 15, beginning December 15, 2024.
- Issuer may redeem notes at make-whole premium prior to March 15, 2034, thereafter at par.

## SEC filing metadata
- accession: 0001104659-24-060580
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000110465924060580/0001104659-24-060580-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000110465924060580/tm2414112d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-060580
- JSON: https://secwatch.observer/filing/0001104659-24-060580.json
- Plain text: https://secwatch.observer/filing/0001104659-24-060580.txt

## Key facts
- Debt Financings
  AGREE REALTY CORP incurred senior notes of $450 million with U.S. Bank Trust Company, National Association at 5.625% per annum maturing June 15, 2034.
  - Instrument: senior notes
  - Principal: $450 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 5.625% per annum
  - Maturity: June 15, 2034
  - Event: incurrence
  source text: On May 13, 2024, Agree Limited Partnership (the “Issuer”), a Delaware limited partnership and subsidiary of Agree Realty Corporation, a Maryland corporation (the “Parent Guarantor”), completed an underwritten public offering of $450 million in aggregate principal amount of its 5.625% Notes due 2034 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/917251/000110465924060580/0001104659-24-060580-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.