Sachem Capital Corp. Announces Closing of Public Offering of $13 Million of 7.75% Notes

BRANFORD, Conn.--(BUSINESS WIRE)--Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $13.0 million aggregate principal amount of 7.75% unsecured, unsubordinated notes due 2025 (“Notes”). The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $12.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by Sachem Capital Corp.