secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001682220-25-000011
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000168222025000011/0001682220-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000168222025000011/sach-20250611.htm
  HTML page:      https://secwatch.observer/filing/0001682220-25-000011

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