ADAMAS TRUST, INC. — Form 8-K
Filed August 14, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Adamas Trust, Inc. (formerly New York Mortgage Trust) issued $103.5M aggregate principal amount of 9.600% Senior Notes Due 2031, with underwriters (Morgan Stanley, Keefe Bruyette Woods, Piper Sandler, RBC Capital Markets, UBS Securities, Wells Fargo Securities) holding an option to purchase an additional $13.5M. The notes were issued under a sixth supplemental indenture to the base indenture dated January 23, 2017, with closing date August 14, 2026. The company maintains REIT qualification for tax purposes.
Why this rating
Debt issuance of $117M total ($103.5M base plus $13.5M option) represents ~19.6% of $595.6M market cap. Material financing but routine corporate debt offering for a REIT; no operational changes disclosed.
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