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Agree Realty Corporation
Agree Realty Corporation Extends $55MM Credit Facility
January 23rd, 2009
Agree Realty Corporation (NYSE:ADC) has exercised its option to extend the maturity date of its $55,000,000 line of credit from November, 2009 to November, 2011. All other terms of the agreement remain unchanged and the company can continue to elect to pay interest at a rate of 100 basis points over LIBOR or at the Prime Rate. Excluding this facility, the company has no debt expirations before 2015. Agree Realty Corporation is engaged in the ownership, management and development of properties, which are primarily single tenant net leased properties and neighborhood community shopping centers, leased to retail tenants. The Company owns and operates a portfolio of 68...
Source: Health Business Week (2009-01-23)
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