Sachem Capital to price $25-par notes due 2027 via four bookrunners

By Devika Patel

Knoxville, Tenn., May 5 – Sachem Capital Corp. plans to sell $25-par notes due May 2027, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are non-callable until May 2024 and then feature a par call.

Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC, InspereX LLC and William Blair & Co. LLC are the bookrunners.

Colliers Securities LLC is the co-manager.

U.S. Bank Trust Co., NA is the trustee.

Counsel to the issuer is provided by Kurzman Eisenberg Corbin & Lever, LLP and to the distribution agent by Blank Rome LLP.

Proceeds will be used for working capital and general corporate purposes.

The notes are expected to be listed on the New York Stock Exchange American under the symbol “SCCF.”

Sachem is a Branford, Conn.-based real estate finance company.

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