04:38 PM EST, 11/18/2025 (MT Newswires) -- Agree Realty ( ADC ) said late Tuesday it closed an unsecured $350 million delayed draw term loan bearing a 4.02% interest rate.

The 5.5-year loan includes an option to seek additional lender commitments of up to $500 million, according to a statement.

The company said it also amended its $1.25 billion senior unsecured revolving credit facility, as well as its $350 million term loan due January 2029, which conforms to the new term loan.

The financing is expected to support the company's continued growth and strengthen its balance sheet, according to the company.