Adamas Trust Inc. Issues $90 Million in 9.250% Senior Notes Due 2031
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Adamas Trust Inc. has issued $90 million in 9.250% Senior Notes due 2031, with interest payable quarterly. The notes were sold at 100% of the principal amount and are set to mature on April 1, 2031. The company has provided underwriters a 30-day option to purchase an additional $13.5 million in notes. Proceeds of approximately $86.6 million will be used for general corporate purposes, including asset acquisitions or debt repayment.
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