{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-087258","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.344351+00:00","generated_at":"2026-05-31T11:31:28.102519+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Agree Realty ups revolver to $1.25B, extends maturity to 2028, lowers pricing spread","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-087258","json":"https://secwatch.observer/filing/0001104659-24-087258.json","markdown":"https://secwatch.observer/filing/0001104659-24-087258.md","text":"https://secwatch.observer/filing/0001104659-24-087258.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465924087258/0001104659-24-087258-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465924087258/tm2421176d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:31:28.102519+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}