Sachem Capital Corp. Receives 'A' Investment Grade Rating for New Senior Secured Notes from Egan-Jones Ratings
Reuters
Jun 17
Sachem Capital Corp. Receives 'A' Investment Grade Rating for New Senior Secured Notes from Egan-Jones Ratings
Sachem Capital Corp. (NYSE American: SACH) has received an investment grade rating of A from Egan-Jones Ratings Company for its recently issued $100 million Senior Secured Notes due in June 2030. The notes, which bear an annual interest rate of 9.875%, are fully guaranteed by the company and its subsidiary. This rating reflects the firm's strong financial position as it plans to use the proceeds to repay existing obligations and fund new investments.
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