Sachem Capital closes $100M senior secured notes at 9.875% due 2030

Sachem Capital Corp.

$100M aggregate principal, initial draw $50M; remaining $50M must be drawn by May 15, 2026.
Fixed interest rate 9.875% p.a., interest-only quarterly; commitment fee 1% on undrawn portion.
Proceeds to repay existing facility balances, originate new loans, and redeem 7.75% unsecured notes due Sept 2025.
Notes rated A by Egan-Jones; fully guaranteed by Sachem Capital and intermediate subsidiary.
Original issue discount of ~$1.5M paid; optional prepayment with declining make-whole and premium provisions.

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