Agree Realty Corporation has announced the completion of a significant financial transaction through its subsidiary, Agree Limited Partnership. On May 23, 2025, Agree Limited Partnership successfully conducted an underwritten public offering of $400 million in aggregate principal amount of 5.600% Notes due 2035. These notes are fully and unconditionally guaranteed by Agree Realty Corporation and certain wholly owned subsidiaries. The offering was managed under an indenture agreement, originally dated August 17, 2020, and amended by an officer's certificate on the issuance date. The transaction saw the underwriters purchasing the notes at 98.647% of the principal amount. The Notes, which are senior unsecured obligations, will bear interest at 5.600% per annum, with interest payments scheduled semi-annually beginning December 15, 2025, until maturity on June 15, 2035.
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