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 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.