Adamas Finance Asia Limited, a closed-ended investment vehicle, is incorporated in the British Virgin Islands. The firm strategically allocates capital throughout Asia, targeting both publicly traded and privately held companies. Its investment toolkit frequently encompasses instruments such as convertible bonds, bespoke equity structures, and redeemable convertible preference shares. The primary aim is to generate significant capital appreciation and recurring income by investing in promising businesses with robust growth potential across diverse sectors.
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.
Net proceeds from the offering are intended for general corporate purposes, including the acquisition of targeted assets and the repayment of existing indebtedness.