Sachem Capital Corp. Files 8-K on Debt and Preferred Stock

TL;DR

Sachem Capital Corp. 8-K: Notes due 2024-2027 with rates 6-8%, Series A Preferred Stock detailed.

AI Summary

Sachem Capital Corp. filed an 8-K on September 11, 2024, to report a Regulation FD Disclosure and Financial Statements and Exhibits. The filing details various debt instruments including notes with due dates in 2024, 2025, 2026, and 2027, with interest rates ranging from 6.00% to 8.00%. It also mentions Series A Preferred Stock.

Why It Matters

This filing provides an update on Sachem Capital Corp.'s outstanding debt obligations and preferred stock, which are crucial for understanding the company's capital structure and financial health.

Risk Assessment

Risk Level: medium — The filing details various debt instruments and preferred stock, indicating a leveraged capital structure which can introduce financial risk.

Key Numbers

• 6.00% — Lowest Interest Rate (On notes due 2026 and 2027)
• 8.00% — Highest Interest Rate (On notes due 2027)

Key Players & Entities

• Sachem Capital Corp. (company) — Filer
• September 11, 2024 (date) — Filing Date
• 6.875% Due 2024 (dollar_amount) — Debt Instrument
• 7.75% Due 2025 (dollar_amount) — Debt Instrument
• 6.00% Due 2026 (dollar_amount) — Debt Instrument
• 6.00% Due 2027 (dollar_amount) — Debt Instrument
• 7.125% Due 2027 (dollar_amount) — Debt Instrument
• 8.00% Due 2027 (dollar_amount) — Debt Instrument
• Series A Preferred Stock (company) — Equity Instrument

FAQ

Key Financial Figures

• $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC

Filing Documents

• tm2423818d1_8k.htm (8-K) — 45KB
• tm2423818d1_ex99-1.htm (EX-99.1) — 7KB
• tm2423818d1_ex99-1img001.jpg (GRAPHIC) — 5KB
• 0001104659-24-098922.txt ( ) — 309KB
• sach-20240911.xsd (EX-101.SCH) — 4KB
• sach-20240911_def.xml (EX-101.DEF) — 29KB
• sach-20240911_lab.xml (EX-101.LAB) — 39KB
• sach-20240911_pre.xml (EX-101.PRE) — 27KB
• tm2423818d1_8k_htm.xml (XML) — 11KB

01

Item 7.01. Regulation FD Disclosure. On September 11, 2024, Sachem Capital Corp. (the "Company") issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing that it has acquired a 20% membership interest in Shem Creek Capital, LLC, the third-party management company of the Shem Creek private credit funds. The information furnished pursuant to this Item 7.01 shall not be deemed to constitute an admission that such information is required to be furnished pursuant to Regulation FD or that such information or exhibits contain material information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information in the future.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated September 11, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. * * * * *

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Sachem Capital Corp. Dated: September 11, 2024 By: /s/ John L. Villano John L. Villano, CPA Chief Executive Officer Exhibit Index Exhibit No. Description 99.1 Press Release, dated September 11, 2024.

View Full Filing

View this 8-K filing on SEC EDGAR