Message :
Required fields
BLOOMFIELD HILLS, Mich., May 5, 2021 /PRNewswire/ Agree Realty Corporation (NYSE: ADC) (the Company ) today announced that its operating partnership, Agree Limited Partnership (the Operating Partnership ), priced a public offering of $350 million of 2.000% senior unsecured notes due 2028 (the 2028 Notes ) and $300 million of 2.600% senior unsecured notes due 2033 (the 2033 Notes and, together with the 2028 Notes, the Notes ). The public offering price for the 2028 Notes was 99.265% of the principal amount for an effective yield to maturity of 2.112%, and the public offering price for the 2033 Notes was 99.136% of the principal amount for an effective yield to maturity of 2.684%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed by the Company and certain of their subsidiary guarantors. This offering is expected to close on May 14, 2021, subject to the satisfaction of customary closing conditions.
All about the new-issue market as credit spreads tighten further
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
dLocal Announces Filing of Registration Statement for Proposed Initial Public Offering
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
BLOOMFIELD HILLS, Mich., May 5, 2021 /PRNewswire/ Agree Realty Corporation (NYSE: ADC) (the Company ) today announced that its operating partnership, Agree Limited Partnership (the Operating Partnership ), priced a public offering of $350 million of 2.000% senior unsecured notes due 2028 (the 2028 Notes ) and $300 million of 2.600% senior unsecured notes due 2033 (the 2033 Notes and, together with the 2028 Notes, the Notes ). The public offering price for the 2028 Notes was 99.265% of the principal amount for an effective yield to maturity of 2.112%, and the public offering price for the 2033 Notes was 99.136% of the principal amount for an effective yield to maturity of 2.684%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed by the Company and certain of their subsidiary guarantors. This offering is expected to close on May 14, 2021, subject to the satisfaction of customary closing conditions.