NYMT completes $90M issuance of 9.875% Senior Notes due 2030

ADAMAS TRUST, INC.

Issued $90M aggregate principal of 9.875% Senior Notes due 2030, including $5M from over-allotment exercise.
Notes bear 9.875% interest payable quarterly, mature Oct 1, 2030, redeemable after Oct 1, 2027 at par.
Net proceeds ~$86.6M for general corporate purposes including acquisition of mortgage-related assets.
Underwriters include Morgan Stanley, Keefe Bruyette, Piper Sandler, RBC, UBS, Wells Fargo.

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