Hard money lender Sachem Capital (SACH) has announced a new issuance of $25 notes.
The issue will have a due date in 2027 with an early redemption available to the company starting in March, 2024.
The notes will trade under ticker SCCE when they begin to trade on their permanent market–there will be no OTC trading.
The company currently has 4 note issues outstanding as well as 1 perpetual preferred issue–they can be seen here. The company has not mentioned a call on the 2 issues they could call.
Fabrib was right on this one with EarlyBird chiming in with yield talk the 6% – 6.25% area.