AGREE REALTY CORP (ADC): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AGREE REALTY CORP incurred senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.600% per annum maturing June 15, 2035.

Instrument: senior notes
Principal: $400 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.600% per annum
Maturity: June 15, 2035
Event: incurrence

Exact text from the filing

completed an underwritten public offering of $400 million aggregate principal amount of its 5.600% Notes due 2035

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Source: SEC EDGAR

accession 0001104659-25-052425

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