debt
confidence high
sentiment neutral
materiality 0.55
NYMT issues additional $25M of 9.875% Senior Notes due 2030
ADAMAS TRUST, INC.
- Completed registered direct offering of $25M aggregate principal of 9.875% Senior Notes due 2030.
- Notes are same series as the $90M issued July 8, 2025, with identical terms.
- Net proceeds expected ~$24.8M after offering expenses; priced at 100% of par.
- Proceeds to be used for general corporate purposes including acquiring mortgage- and credit-related assets.
- Notes are senior unsecured obligations of NYMT, issued under existing indenture.