Adamas Trust Prices $90M Senior Notes at 9.600% Due 2031

Key Highlights

• Adamas Trust priced an underwritten public offering of $90 million aggregate principal amount of senior notes.
• The notes carry an interest rate of 9.600% and are due in 2031.
• Underwriters have a 30-day option to purchase up to an additional $13.5 million in notes.
• The offering is expected to close on August 14, 2026.
• Interest will be paid quarterly, commencing October 1, 2026.
• The notes will mature on October 1, 2031, and are redeemable on or after October 1, 2028.
• Net proceeds will be used for general corporate purposes, including asset acquisition or debt repayment.