Agree Realty Announces Expanded $1.25 Billion Credit Facility
ADCAgree Realty(ADC) Prnewswire·2024-08-09 04:05

Reduces Borrowing Cost by Five Basis Points and Extends Maturity to 2029ROYAL OAK, Mich., Aug. 8, 2024  /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Fourth Amended and Restated Revolving Credit Agreement which increases its senior unsecured revolving credit facility (the "Credit Facility") to 1.25billion.TheCreditFacilityincludesanaccordionoptionthatallowstheCompanytorequestadditionallendercommitmentsuptoatotalof1.25 billion. The Credit Facility includes an accordion option that allows the Company to request additional lender commitments up to a total of 2.0 billi ...