{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-113644","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.598372+00:00","generated_at":"2026-05-16T19:03:19.685448+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Agree Realty enters $350M term loan facility, cuts credit spreads on revolving and term loans","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-113644","json":"https://secwatch.observer/filing/0001104659-25-113644.json","markdown":"https://secwatch.observer/filing/0001104659-25-113644.md","text":"https://secwatch.observer/filing/0001104659-25-113644.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925113644/0001104659-25-113644-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925113644/adc-20251117x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:03:19.685448+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}