Agreement reached with major banks

  • Agree Realty plans to sell up to $1 billion in shares
  • The company has reached an agreement with several banks
  • Shares can be issued and sold periodically
  • Agree Realty terminated its previous ATM offering program

Agree Realty has announced its plans to sell up to $1 billion worth of shares in an at-the-market equity distribution agreement. The company has reached an agreement with several major banks, including Wells Fargo, J.P. Morgan, Bank of America, and Citigroup. Under this agreement, Agree Realty will have the ability to issue and sell shares periodically. It is important to note that the company has terminated its previous ATM offering program.

Factuality Level: 8
Factuality Justification: The article provides clear and concise information about Agree Realty’s plan to sell shares through an at-the-market equity distribution agreement. It mentions the banks involved in the agreement and states that the company terminated its previous ATM offering program. The information provided seems factual and does not contain any obvious bias or misleading information.
Noise Level: 7
Noise Justification: The article provides relevant information about Agree Realty’s plan to sell shares through an equity distribution agreement. However, it lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not provide any actionable insights or explore the consequences of the decision on stakeholders. The article stays on topic and does not dive into unrelated territories, but it is relatively short and lacks detailed information.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets may be impacted by Agree Realty’s potential sale of up to $1 billion worth of shares.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses Agree Realty’s plan to sell shares, which can have an impact on the financial markets. However, there is no mention of any extreme event.
Public Companies: Agree Realty (Unknown), Wells Fargo (Unknown), J.P. Morgan (Unknown), Bank of America (Unknown), Citigroup (Unknown)
Key People:

Reported publicly: www.marketwatch.com