Financing ·
Agree Limited Partnership completes $400 million offering of 5.650% notes due 2036
ADCAgree Realty Corp
Agree Limited Partnership, a subsidiary of Agree Realty Corporation, completed an underwritten public offering on September 22, 2026, issuing $400 million in aggregate principal amount of its 5.650% Notes due 2036. The notes were sold at 97.847% of par, generating net proceeds of approximately $390.1 million after underwriting discounts and expenses. These senior unsecured obligations are fully guaranteed by Agree Realty Corporation and certain subsidiaries, ranking equally with existing senior debt but effectively subordinated to secured indebtedness. Interest is payable semi-annually on April 15 and October 15, commencing April 15, 2027, with maturity on October 15, 2036. Agree Realty Corporation operates in the real estate industry, specifically as a net lease REIT focused on acquiring and managing single-tenant commercial properties.