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Chicken Soup for the Soul Finally Prices Baby Bonds

Entertainment content producer Chicken Soup for the Soul (CSSE) has finally priced the previously announced baby bonds.

The issue prices at 9.50%. They will be selling 840,000 shares with another 126,000 for over allotment.

The maturity date is 7/31/2025 with an optional redemption starting 7/31/2022.

It is noted that the underwriting discount for this issue is 5% which is above the more normal 3.15% which may indicate the underwriters confidence (or lack thereof) of selling this issue near $25

The pricing term sheet can be found here.

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