Agree Realty Corp. (ADC) Thursday said it priced an 2.25 million shares offering for expected gross proceeds of around $66.8 million, before expenses and underwriting discount.
The company will use the proceeds to reduce debt, buy property as well as develop them, and for general corporate purposes.
Agree Realty said in a news release that Raymond James and Citigroup are joint book-running managers, and Jefferies and RBC Capital Markets are co-lead managers for the offering.
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