Agree Realty Corp. amended the pricing of its $65 million and $35 million unsecured term loans maturing Jan. 15, 2024.
The interest rate on the unsecured term loans will be reduced to a fixed rate of 3.13% from 3.78% as a result of the amendment.
PNC Capital Markets LLC, Capital One NA, Regions Capital Markets, SunTrust Robinson Humphrey Inc. and U.S. Bank NA serve as joint lead arrangers and joint book managers for the term loans.
PNC Bank NA serves as the administrative agent and Capital One NA, Regions Bank, SunTrust Bank and U.S. Bank NA serve as co-syndication agents. Raymond James Bank NA and Stifel Bank & Trust serve as participating lenders in the loans.