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AI brief of an SEC Form 8-K · Agree Realty (ADC)

Agree Realty enters $350 million unsecured term loan, amends credit facilities

Neutral Impact 3 of 5 financing Written later

Agree Realty entered a $350 million unsecured delayed draw term loan maturing May 15, 2031, with no borrowings outstanding as of November 17, 2025. The filing also reports a lower interest rate on its existing revolving credit agreement and a fixed 4.37% rate on its existing term loan after amendments.

Key points

  • $350 million unsecured delayed draw term loan with PNC Bank as administrative agent, maturing May 15, 2031
  • No borrowings outstanding as of November 17, 2025; the company has access to the full $350 million
  • Revolving credit spread adjustment reduced from 10 basis points to zero; existing term loan fixed at 4.37% after amendments

The filing

CompanyAgree Realty (ADC)
Form8-K, current report
Filed with the SECNov 18, 2025, 4:05 PM ET
Accession number0001104659-25-113644

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.