Sachem Capital Corp. (SACH): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sachem Capital Corp. incurred senior notes of $100 million aggregate principal amount with various institutional investors at 9.875% per annum maturing June 11, 2030.

Instrument: senior notes
Principal: $100 million aggregate principal amount
Counterparty: various institutional investors
Rate: 9.875% per annum
Maturity: June 11, 2030
Event: incurrence

Exact text from the filing

On June 11, 2025, Sachem Capital Corporation Holdings, LLC, an indirect, wholly-owned subsidiary of Sachem Capital Corp. (the "Company"), consummated a private placement of $100 million aggregate principal amount of Senior Secured Notes due June 11, 2030 (the "Notes") to various institutional investors under the Note Purchase and Guaranty Agreement (the "Agreement").

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Source: SEC EDGAR

accession 0001682220-25-000011

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