Sachem Capital Corp. (SACH) Prices $27.5M Notes Offering
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Sachem Capital Corp. Prices Registered Public Offering of $27.5 Million of 7.125% Notes
May 6, 2022 9:28 AM EDTBRANFORD, Conn., May 06, 2022 (GLOBE NEWSWIRE) -- Â Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due five years from the date of issuance (Notes). The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $26.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
The offering is expected to close on May 11, 2022, subject to customary closing conditions. The company has granted the underwriters a 30-day... More
