{"schema_version":"secwatch.filing_event.v1","accession":"0001682220-25-000011","form_type":"8-K","ticker":"SACH","cik":"0001682220","company_name":"Sachem Capital Corp.","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.325046+00:00","generated_at":"2026-05-19T06:35:51.419706+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sachem Capital closes $100M senior secured notes at 9.875% due 2030","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001682220-25-000011","json":"https://secwatch.observer/filing/0001682220-25-000011.json","markdown":"https://secwatch.observer/filing/0001682220-25-000011.md","text":"https://secwatch.observer/filing/0001682220-25-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682220/000168222025000011/0001682220-25-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682220/000168222025000011/sach-20250611.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T06:35:51.419706+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"80965a93f36f16dd635bd92d2fbd7859a4d67cad","claim":"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.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000168222025000011/0001682220-25-000011-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100 million aggregate principal amount"},{"label":"Counterparty","value":"various institutional investors"},{"label":"Rate","value":"9.875% per annum"},{"label":"Maturity","value":"June 11, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}