On line and television content creator Chicken Soup for the Soul Entertainment (CSSE) will be selling some $25 baby bonds. ‘Yield talk’ is in the 9.5% area.
The notes will matured in 2025 and will have a early redemption period starting 7/31/2020.
The company is estimating that they will be selling around 1 million bonds.
Of course the issue will be unrated by the major rating agencies, but will be rated by Egan Jones–potentially BBB.
The preliminary prospectus can be read here.
The company does have a $25/share perpetual preferred outstanding which they have re-opened numerous times–you can see it here.
Thanks to EarlyBird for picking this one up.