NYSE:ADCRetail REITs
The Bull Case For Agree Realty (ADC) Could Change Following $350 Million Fixed-Rate Term Loan Announcement
Earlier this month, Agree Realty Corporation announced the closing of an unsecured US$350 million 5.5-year term loan with a fixed interest rate of 4.02% and an accordion option allowing total commitments up to US$500 million.
This financing initiative, combined with the company's forward starting swaps and amendments to existing loans, reinforces its ability to secure funding under favorable terms while optimizing balance sheet flexibility.
We'll look at how this substantial term loan...