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