Small font size A Larger text size A Largest text size A

Adamas Trust Prices $90 Million Notes Offering

BY MT Newswires | CORPORATE | 01/06/26 05:42 PM EST

05:42 PM EST, 01/06/2026 (MT Newswires) -- Adamas Trust (ADAM) reported late Tuesday the pricing of $90 million of its 9.250% senior notes due 2031 in a public offering.

Underwriters will be given a 30-day option to buy an additional $13.5 million of the notes to cover over-allotments.

The real estate investment trust said it has applied to list the notes on the Nasdaq Global Select Market under the symbol "ADAMO" and expects trading to commence within 30 days after the issuance of notes, upon approval.

It plans to use the proceeds of the offering, expected to close on Jan. 13, for general corporate purposes, including the acquisition of targeted assets and the repayment of debt.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Compass, Inc. Announces Upsize and Pricing of $850,000,000 Convertible Senior Notes BY PR Newswire |CORPORATE 06:15 AM EST
SocGen's Overnight Economic News Summary BY MT Newswires |TREASURY 05:54 AM EST
FOREX-Dollar poised for third straight daily gain ahead of US jobs report BY Reuters |ECONOMIC 04:14 AM EST
Swiss rates likely to stay on hold, SNB minutes indicate BY Reuters |ECONOMIC 03:44 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article