Agree Realty ups revolver to $1.25B, extends maturity to 2028, lowers pricing spread

AGREE REALTY CORP

Borrowing capacity increased to $1.25 billion from $1.0 billion under new credit agreement.
Maturity extended from January 2026 to August 2028; accordion feature permits expansion up to $2.0 billion.
Interest rate spread reduced to SOFR + 72.5 bps from SOFR + 77.5 bps under prior facility.
First Amendment to Term Loan aligns covenant and technical provisions with new revolver; no change to maturity or pricing.
Agree Realty is parent guarantor; Agree Limited Partnership is borrower; PNC remains administrative agent.

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