Agree Realty prices USD 400 million senior unsecured notes offering due 2036 - ADC News | RalliesAgree Realty prices USD 400 million senior unsecured notes offering due 2036
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ADC• Agree Realty prices $400 million senior unsecured notes due 2036
- Agree Realty priced USD 400 million of 5.65% senior unsecured notes due 2036 at 98.5% of face value.
- Effective yield to maturity set at 5.85%; closing expected Sept. 22, 2026, subject to customary conditions.
- Net proceeds earmarked for general corporate purposes, including debt reduction, property acquisitions, development spending.
- Liquidity expected to exceed USD 2 billion; company cited no material debt maturities until 2028.
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