---
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"
generated_at: "2026-05-20T16:58:14.770679+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Agree Realty subsidiary issues $400M of 5.600% Notes due 2035

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-052425
- JSON: https://secwatch.observer/filing/0001104659-25-052425.json
- Plain text: https://secwatch.observer/filing/0001104659-25-052425.txt

## Key facts
- Debt Financings
  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
  source text: completed an underwritten public offering of $400 million aggregate principal amount of its 5.600% Notes due 2035
  evidence_url: https://www.sec.gov/Archives/edgar/data/917251/000110465925052425/0001104659-25-052425-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.