debt
confidence high
sentiment neutral
materiality 0.35
Agree Realty subsidiary issues $400M of 5.600% Notes due 2035
AGREE REALTY CORP
- $400M aggregate principal, 5.600% interest, matures June 15, 2035.
- Net proceeds approx. $393.6M after underwriting discount and expenses.
- Notes are senior unsecured obligations, rank equally with existing senior notes.
- Redeemable at make-whole prior to March 15, 2035; at par thereafter.
- Guaranteed by parent Agree Realty and certain subsidiary guarantors.
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