Sachem Capital Corp. Announces Withdrawal of Public Debt Offering
SACHSachem Capital(SACH) GlobeNewswire News Room·2024-06-28 05:00

BRANFORD, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE:SACH) today announced that it is withdrawing its previously announced debt offering. The company had intended to offer USD-denominated unsecured, unsubordinated notes due five years from the date of issuance. The company has concluded that current market conditions regarding pricing were excessive and restrictive and, thus, not in the best interest of the company and its shareholders. John Villano, CEO of Sachem Capital Corp., com ...