debt
confidence high
sentiment neutral
materiality 0.50
Agree Realty's subsidiary closes $400M offering of 5.650% Notes due 2036
AGREE REALTY CORP
- $400M aggregate principal of 5.650% Notes due 2036 issued by Agree Limited Partnership, fully guaranteed by Agree Realty and certain subsidiaries.
- Net proceeds ~$390.1M after underwriting discount and expenses; offering closed September 22, 2026.
- Interest payable semi-annually April 15 and October 15, first payment April 15, 2027; maturity October 15, 2036.
- Notes redeemable at issuer's option with make-whole premium prior to July 15, 2036; thereafter at par plus accrued interest.