Agree Realty (ADC) announced the establishment of its inaugural commercial paper program. The program allows the company, through its subsidiary, Agree Limited Partnership, to issue up to $625M of short-term, unsecured commercial paper notes. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all the Issuer’s other senior unsecured indebtedness. The notes will be fully and unconditionally guaranteed by the company and certain of its subsidiaries. Note proceeds will be used for general corporate purposes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADC:
- Agree Realty price target raised to $81 from $78 at Wells Fargo
- Agree Realty upgraded to Equal Weight from Underweight at Barclays
- Hold Rating on Agree Realty Reflects Balanced View Amid Market Challenges and Conservative Guidance
- Neutral Outlook on Agree Realty Amid Adjusted Projections and Unchanged Price Target
- Agree Realty Faces AI Risks: Navigating Cyber Threats and Operational Challenges