Agree Realty enters $350M term loan facility, cuts credit spreads on revolving and term loans

AGREE REALTY CORP

New $350M unsecured delayed draw term loan matures May 15, 2031; no borrowings outstanding at signing.
First Amendment to revolving credit reduces SOFR credit spread adjustment from 10bps to 0bps; rate now SOFR + 72.5bps.
Second Amendment to existing term loan cuts credit spread adjustment from 10bps to 0bps; fixed swap rate now 4.37%.
Facility includes option to increase aggregate loans to $500M, subject to lender consent.
Proceeds for general corporate purposes; lenders include PNC, Wells Fargo, and JPMorgan.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.