Adamas Trust, Inc. Announces Pricing of Public Offering of Senior Notes
Adamas Trust priced a $90 million public offering of 9.600% senior notes due 2031, granting underwriters a 30-day option to purchase an additional $13.5 million to cover over-allotments. The senior unsecured notes are expected to trade on the Nasdaq Global Select Market under the symbol 'ADAMK' and will mature on October 1, 2031, with interest payments commencing October 1, 2026.
Key figures
- Deal Value Usd
- 90000000
- Coupon rate
- 9.600%
- Maturity year
- 2031
- Listing ticker
- ADAMK
- Greenshoe amount
- 13500000
AI analysis
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