Adamas Trust prices USD 90 million senior notes offering due 2031

Reuters2026/08/12 12:40

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Adamas Trust priced an underwritten public offering of USD 90 million 9.600% senior notes due 2031.
Underwriters hold a 30-day option to buy up to an additional USD 13.5 million of the notes.
Net proceeds earmarked for general corporate purposes, including targeted asset acquisitions or repayment of existing debt.
Interest payable quarterly from Oct. 1, 2026; notes mature Oct. 1, 2031; callable at the issuer’s option from Oct. 1, 2028.
Nasdaq listing application filed under symbol ADAMK; trading expected to begin within 30 days of issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Adamas Trust Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608120840PRIMZONEFULLFEED9808614) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Adamas Trust prices USD 90 million senior notes offering due 2031

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