AGREE REALTY CORP (ADC) Form 8-K — Sep 22, 2026
$ADCForm 8-KItems 1.01, 2.03, 8.01, 9.01Filed Sep 22, 2026, 4:05 PM ET0001628280-26-063023Original filing
Agree Realty's operating partnership, Agree Limited Partnership, closed a $400 million underwritten public offering of 5.650% senior unsecured notes due October 15, 2036 on September 22, 2026. The notes priced at 98.497% of par with a 5.849% yield to maturity, a +90 basis point spread to the benchmark Treasury, and net proceeds of approximately $390.1 million. They are fully and unconditionally guaranteed by Agree Realty Corporation and subsidiary guarantors.
Key figures
- Debt Amount
- 400000000
- Interest Rate
- 5.65
- Maturity Date
- October 15, 2036
- Gross Proceeds
- 400000000
- Ratings
- Fitch A- (Stable) / Moody's Baa1 (Stable) / S&P BBB+ (Stable)
- Net Proceeds
- $390.1 million
- Yield To Maturity
- 5.849%
- Spread To Treasury
- +90 basis points
- Public Offering Price
- 98.497% of principal
- Liquidity Post Offering
- over $2.0 billion
- Purchase Price To Underwriters
- 97.847% of principal
- Weighted Average Debt Maturity
- approximately 6 years
AI analysis
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