Agree Realty completes $400 million 5.650% senior notes offering due 2036
Agree Limited Partnership, a subsidiary of Agree Realty Corporation, completed a $400 million underwritten offering of 5.650% notes maturing October 15, 2036, with the parent and certain subsidiaries guaranteeing the debt. The offering closed September 22, 2026 with net proceeds of approximately $390.1 million after the underwriting discount and estimated expenses, adding to the company's debt load.
Key points
- Notes: $400 million principal, 5.650% interest, maturing October 15, 2036
- Underwriters paid 97.847% of principal; offering closed September 22, 2026
- Estimated net proceeds to the issuer of approximately $390.1 million
- Indenture includes limits on additional indebtedness and a requirement to maintain unencumbered assets
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits 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 September 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.