{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-052425","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.804436+00:00","generated_at":"2026-05-20T16:58:14.770679+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Agree Realty subsidiary issues $400M of 5.600% Notes due 2035","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-052425","json":"https://secwatch.observer/filing/0001104659-25-052425.json","markdown":"https://secwatch.observer/filing/0001104659-25-052425.md","text":"https://secwatch.observer/filing/0001104659-25-052425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925052425/0001104659-25-052425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925052425/tm2515647d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T16:58:14.770679+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f284828f25e6840d8d8e1698e2cab4301c5a911","claim":"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.","evidence_excerpt":"completed an underwritten public offering of $400 million aggregate principal amount of its 5.600% Notes due 2035","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/917251/000110465925052425/0001104659-25-052425-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"5.600% per annum"},{"label":"Maturity","value":"June 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}