Sachem Capital Corp. Announces Withdrawal of Public Debt Offering [Yahoo! Finance]
Sachem Capital Corp. Common Shares (SACH)
NASDAQ:AMEX Investor Relations:
sachemcapitalcorp.com
Company Research
Source: Yahoo! Finance
The company had intended to offer USD-denominated unsecured, unsubordinated notes due five years from the date of issuance. The company has concluded that current market conditions regarding pricing were excessive and restrictive and, thus, not in the best interest of the company and its shareholders. John Villano, CEO of Sachem Capital Corp., commented: “We want to assure our shareholders and noteholders that Sachem has ample liquidity through its existing credit facilities and liquid mortgage portfolio to continue to execute on the business consistent with past practice. In addition, Sachem will continue its disciplined underwriting and loan origination processes to maximize risk adjusted returns for shareholders and to protect our capital. Our decision to withdraw our previously announced debt offering was based solely on our determination that the proposed pricing of the offering was unfavorable to the long-term interests of Sachem's business.” This press release does not cons
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SACH
News
- Sachem Capital Corp. Announces Withdrawal of Public Debt OfferingGlobeNewswire
- Sachem Capital Corp. Announces Full Repayment and Delisting of Maturing Unsecured Unsubordinated Notes from NYSE [Yahoo! Finance]Yahoo! Finance
- Sachem Capital Corp. Announces Full Repayment and Delisting of Maturing Unsecured Unsubordinated Notes from NYSEGlobeNewswire
- Sachem Capital Corp. Announces Registered Public Offering of Notes [Yahoo! Finance]Yahoo! Finance
- Sachem Capital Corp. Announces Registered Public Offering of NotesGlobeNewswire
SACH
Earnings
- 11/13/23 - Beat
SACH
Sec Filings
- 6/28/24 - Form 8-K
- 6/17/24 - Form 424B2
- 6/17/24 - Form 424B5
- SACH's page on the SEC website