Hard money lender Sachem Capital (SACH) has priced their previously announced baby bond.
The issue prices with a coupon of 8%. Egan Jones has assigned a BBB+ rating to the issue.
The issue has a maturity date on 9/30/2027 with an early redemption available to the company starting on 8/23/2024.
The pricing term sheet can be found here.
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Thanks, Fidelity. Not!
Mystified–don’t think this is exchange traded yet. You would need to call their ‘bond desk’ where you might be able to buy it. It will be trading anytime now on the exchange.
I had in my notes that SCCG is the listed ticker and I do see it on Fidelity.