Adamas Trust completes $90M offering of 9.250% Senior Notes due 2031

ADAMAS TRUST, INC.

Issued $90M aggregate principal of 9.250% Senior Notes due April 1, 2031.
Net proceeds ~$86.6M after discounts/expenses; uses include asset acquisitions and debt repayment.
Underwriters granted 30-day option to purchase up to $13.5M additional notes for over-allotments.
Notes are senior unsecured, redeemable at company's option on or after April 1, 2028.
Interest payable quarterly beginning April 1, 2026 at 9.250% per annum.

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