secwatch.observer — SEC 8-K summary
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Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2026-08-14T20:06:48+00:00
Accession:  0001104659-26-097101
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adamas Trust completes $90M offering of 9.600% Senior Notes due 2031
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- Issued $90M aggregate principal of 9.600% Senior Notes due 2031 at 100% of par.
- Interest payable quarterly starting Oct 1, 2026; maturity Oct 1, 2031; redeemable after Oct 1, 2028.
- Net proceeds ~$86.6M after discounts/expenses; for general corporate purposes incl. acquisitions/debt repayment.
- Underwriters include Morgan Stanley, KBW, Piper Sandler, RBC, UBS, Wells Fargo; 30-day over-allotment option for $13.5M additional.
- Notes are senior unsecured, rank equal to existing 9.125% 2029, 9.125% 2030, 9.875% 2030, 9.250% 2031 notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000110465926097101/0001104659-26-097101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000110465926097101/tm2623199d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-097101

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