Adamas Trust prices USD 90 million senior notes offering - ADAM News | RalliesAdamas Trust prices USD 90 million senior notes offering
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ADAM• Adamas Trust completes senior notes offering
- Adamas Trust completed a public offering of USD 90 million of 9.600% Senior Notes due 2031.
- Net proceeds are expected to be about USD 86.6 million.
- The notes were priced at 100% of principal; interest will be paid quarterly starting Oct. 1, 2026, and maturity is expected on Oct. 1, 2031.
- The issuer may redeem the notes on or after Oct. 1, 2028 at 100% of principal plus accrued interest.
- Proceeds are earmarked for general corporate purposes, including asset acquisitions or repayment of existing debt.
