secwatch.observer — SEC 8-K summary
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Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001104659-24-076316
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYMT issues $60M of 9.125% Senior Notes due 2029
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- Issued $60M principal of 9.125% Senior Notes due July 1, 2029, at par.
- Net proceeds of ~$57.5M after discounts and expenses; used for general corporate purposes including asset acquisition.
- Underwriters have 30-day option to purchase additional $9M to cover over-allotments.
- Notes rank senior unsecured, redeemable at company's option on or after July 1, 2026.
- Interest payable quarterly starting October 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000110465924076316/0001104659-24-076316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000110465924076316/tm2418480d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-076316

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