other material
confidence high
sentiment neutral
materiality 0.60
Agree Realty prices public offering of up to 5.175M shares at $75.70 per share
AGREE REALTY CORP
- Up to 5,175,000 shares offered at $75.70 per share; underwriters option for 675,000 additional shares.
- Offering closed April 25, 2025; net proceeds for general corporate purposes including acquisitions and debt repayment.
- Revolving credit facility had no outstanding balance as of April 16, 2025; $350M commercial paper outstanding.
- Forward Sale Agreement with Bank of America as forward purchaser; underwriting agreement with BofA Securities.