Agree Realty plans to offer senior notes via three bookrunners

Chicago, Aug. 15 – Agree LP is offering a single tranche of notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday morning.

The notes will be guaranteed by Agree Realty Corp.

There will be an optional make-whole call and then a par call a number of months before the maturity date.

Joint bookrunners are Citigroup Global Markets Inc., Wells Fargo Securities, LLC and PNC Capital Markets LLC.

U.S. Bank Trust Co., NA is the trustee.

Honigman LLP and Ballard Spahr LLP are advising the issuer on issues relating to legal matters. Latham & Watkins LLP is advising the underwriters.

Proceeds will be used for general corporate purposes, including to reduce amounts under the company’s $1 billion senior revolving credit facility.

Agree Realty is a real estate investment trust located in Bloomfield Hills, Mich.

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