Agree Realty (ADC) prices $350 million public bond offering.
Agree Realty Corp. (ADC) announced today that its operating partnership has priced a $350 million offering of 2.90% senior unsecured notes due 2030. The notes will be issued at a discount to yield 2.908%, or +225 basis points to the treasury curve.
Agree Realty is a small-cap equity REIT focused on the acquisition and development of net-lease retail properties across the U.S. As of June 30, 2020, ADC had a total market capitalization of $4.3 billion supporting a portfolio of 936 properties in 46 states.
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Agree Realty is a small-cap equity REIT focused on the acquisition and development of net-lease retail properties across the U.S. As of June 30, 2020, ADC had a total market capitalization of $4.3 billion supporting a portfolio of 936 properties in 46 states.
08/12/2020