Adamas Trust, Inc. Announces Pricing of Public Offering of Senior Notes

Core Viewpoint - Adamas Trust, Inc. has announced a public offering of $90 million in senior notes with a 9.250% interest rate, maturing in 2031, to support general corporate purposes [1][2][3]. Group 1: Offering Details - The company is offering $90 million in senior notes, with an additional $13.5 million option for underwriters to cover over-allotments [1]. - The notes will pay interest quarterly starting April 1, 2026, and will mature on April 1, 2031 [3]. - The offering is expected to close on January 13, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, which may include acquiring targeted assets and repaying existing debt [2]. Group 3: Listing and Trading - The company has applied to list the notes on the Nasdaq Global Select Market under the symbol "ADAMO," with trading expected to begin within 30 days after issuance [2]. Group 4: Company Overview - Adamas Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT), focusing on generating durable earnings and long-term value through disciplined portfolio management [7].