ADAMAS TRUST, INC. — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 15/100
What the filing says
Adamas Trust, Inc. issued $90,000,000 aggregate principal amount of 9.600% Senior Notes due 2031 via underwriting agreement dated August 11, 2026. Six underwriters (Morgan Stanley, Keefe Bruyette Woods, Piper Sandler, RBC Capital Markets, UBS Securities, Wells Fargo Securities) each committed to purchase $15,000,000 of firm securities at 96.85% of principal amount. Up to $13,500,000 optional securities available for 30 days to cover over-allotments. Notes issued under sixth supplemental indenture to Base Indenture dated January 23, 2017.
Why this rating
Debt issuance of $90M is ~15% of company's $595.6M market cap—material for debt structure but routine for a REIT. Boilerplate underwriting agreement, standard terms, no operational change disclosed.
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