Adamas Trust prices USD 90 million senior notes offering due 2031

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 are earmarked for general corporate purposes, including targeted asset acquisitions or repayment of existing debt.
• Interest is payable quarterly from Oct. 1, 2026; the notes mature Oct. 1, 2031; and they are callable at the issuer’s option from Oct. 1, 2028.
• A Nasdaq listing application has been filed under symbol ADAMK; trading is expected to begin within 30 days of issuance.