Agree Realty subsidiary establishes $625M commercial paper program

AGREE REALTY CORP

Agree Limited Partnership created a CP program with aggregate principal up to $625M.
Notes are unsecured, mature in up to 397 days, and guaranteed by parent and certain subsidiaries.
No notes outstanding at launch; program provides short-term financing flexibility.
Program is exempt from SEC registration; issued under Section 4(a)(2) of Securities Act.

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