debt
confidence high
sentiment neutral
materiality 0.60
Adamas Trust announces $90M offering of 9.600% Senior Notes due 2031
ADAMAS TRUST, INC.
- $90M aggregate principal amount of 9.600% Senior Notes due 2031 sold to underwriters.
- 30-day over-allotment option for up to an additional $13.5M of the Notes.
- Underwriters include Morgan Stanley, KBW, Piper Sandler, RBC, UBS, and Wells Fargo.
- Offering expected to close on August 14, 2026, subject to customary conditions.
- Notes registered under Form S-3 (File No. 333-290073); use of proceeds not disclosed.