---
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"
generated_at: "2026-05-31T11:31:28.102519+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-087258
- JSON: https://secwatch.observer/filing/0001104659-24-087258.json
- Plain text: https://secwatch.observer/filing/0001104659-24-087258.txt

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