{"filing":{"accession_number":"0001628280-26-063023","cik":"0000917251","ticker":"ADC-PA","company_name":"AGREE REALTY CORP","form":"8-K","filing_date":"2026-09-22","report_date":"2026-09-17","primary_document":"adc-20260917.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/917251/000162828026063023/adc-20260917.htm"},"events":[{"id":34302,"run_id":31569,"accession_number":"0001628280-26-063023","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.97,"summary":"Agree Realty Corporation completed an underwritten public offering of $400 million aggregate principal amount of 5.650% Notes due 2036 on September 22, 2026, generating net proceeds of approximately $390.1 million. The notes are issued by a subsidiary with full guarantee by the parent company and are governed by an indenture with specified restrictive covenants.","company_name":"AGREE REALTY CORP","ticker":"ADC-PA","filing_date":"2026-09-22","form":"8-K","submitted_at":null,"items":[{"id":37986,"accession_number":"0001628280-26-063023","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 1.01 references Item 2.03 (Creation of a Direct Financial Obligation), indicating the material definitive agreement involves debt issuance or a credit facility. The cross-reference structure is typical for debt offerings where the substantive disclosure appears in Item 2.03 but is incorporated into Item 1.01 to satisfy both disclosure requirements.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-22T20:07:56.019080+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37987,"accession_number":"0001628280-26-063023","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Agree Realty Corporation completed an underwritten public offering of $400 million aggregate principal amount of 5.650% Notes due 2036 on September 22, 2026. This is a clear creation of a new direct financial obligation under Item 2.03, representing a material debt issuance by the registrant's subsidiary with full guarantee by the parent company. The filing details the indenture terms, interest rate, maturity date, and restrictive covenants governing the debt.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-22T20:07:56.019080+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37988,"accession_number":"0001628280-26-063023","item_number":"8.01","item_title":"Other Events.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Issuer entered into an underwriting agreement on September 17, 2026, for a public offering of $400 million aggregate principal amount of 5.650% Notes due 2036, which closed on September 22, 2026, generating net proceeds of approximately $390.1 million. This is a material creation of a direct financial obligation through debt issuance, disclosed under Item 8.01 (Other Events) with full documentation of the underwriting agreement and prospectus supplement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-22T20:07:56.019080+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":37986,"accession_number":"0001628280-26-063023","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 1.01 references Item 2.03 (Creation of a Direct Financial Obligation), indicating the material definitive agreement involves debt issuance or a credit facility. The cross-reference structure is typical for debt offerings where the substantive disclosure appears in Item 2.03 but is incorporated into Item 1.01 to satisfy both disclosure requirements.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-22T20:07:56.019080+00:00","company_name":"AGREE REALTY CORP","ticker":"ADC-PA","filing_date":"2026-09-22"},{"id":37987,"accession_number":"0001628280-26-063023","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Agree Realty Corporation completed an underwritten public offering of $400 million aggregate principal amount of 5.650% Notes due 2036 on September 22, 2026. This is a clear creation of a new direct financial obligation under Item 2.03, representing a material debt issuance by the registrant's subsidiary with full guarantee by the parent company. The filing details the indenture terms, interest rate, maturity date, and restrictive covenants governing the debt.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-22T20:07:56.019080+00:00","company_name":"AGREE REALTY CORP","ticker":"ADC-PA","filing_date":"2026-09-22"},{"id":37988,"accession_number":"0001628280-26-063023","item_number":"8.01","item_title":"Other Events.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Issuer entered into an underwriting agreement on September 17, 2026, for a public offering of $400 million aggregate principal amount of 5.650% Notes due 2036, which closed on September 22, 2026, generating net proceeds of approximately $390.1 million. This is a material creation of a direct financial obligation through debt issuance, disclosed under Item 8.01 (Other Events) with full documentation of the underwriting agreement and prospectus supplement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-22T20:07:56.019080+00:00","company_name":"AGREE REALTY CORP","ticker":"ADC-PA","filing_date":"2026-09-22"}]}