Sachem Capital Corp SACH:NYSE American

Last Price$3.19AMEX Previous Close - Last Trade as of 8:00PM ET 6/05/20

Today's Change+0.14(4.59%)
Bid (Size)$2.67 (1)
Ask (Size)$3.30 (25)
Day Low / High$3.06 - 3.22
Volume93.9 K

Sachem Capital Prices $23 Mln Debt Offering

11:48AM ET 6/21/2019 MT Newswires
Sachem Capital Corp. (SACH) said Friday that it priced $23 million of 7.125% unsecured unsubordinated notes.

Ladenburg Thalmann & Co. and Janney Montgomery Scott were the offering's joint book-running managers. The underwriters have a 30-day option to buy up to an additional $3.45 million aggregate principal amount of notes.

Net proceeds are estimated at $21.7 million. The offering is expected to close June 25.

The notes mature on June 30, 2024.

Price: 5.24, Change: +0.04, Percent Change: +0.73