Honigman Advises Agree Limited Partnership on $400 Million Offering of Senior Unsecured Notes

Agree Realty Corporation (NYSE: ADC) announced that its operating partnership, Agree Limited Partnership, priced a public offering of $400 million of its $5.600% senior unsecured notes, due 2035. The public offering price for the Notes was 99.297% of the principal amount, for an effective yield to maturity of 5.692%. The Notes are senior unsecured obligations of Agree Limited Partnership, guaranteed by the Company and certain of their subsidiaries. The offering closed on May 23, 2025.

The Honigman team that advised the Company on the offering was led by corporate Partners Donald J. Kunz, N. Danny Shulman, and Rachel J. Rhodes, with Associate Cassandra J. O'Hagan. Advice on finance matters was provided by Partner Aviv Avnon and Associate Sarah A. Schade-McCarter and advice on tax matters was provided by Partners Michael K. Hauser and Scott D. Foess.