Sachem Capital Withdraws Previously Announced Debt Offering Citing Current Market Conditions
Portfolio Pulse from Benzinga Newsdesk
Sachem Capital has withdrawn its previously announced debt offering due to current market conditions. The company had planned to offer USD-denominated unsecured, unsubordinated notes due in five years.
June 27, 2024 | 9:04 pm
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Sachem Capital has decided to withdraw its planned debt offering due to unfavorable market conditions. This decision may reflect concerns about the company's ability to secure favorable terms in the current market environment.
The withdrawal of the debt offering suggests that Sachem Capital may be facing challenges in securing favorable terms in the current market environment. This could lead to concerns about the company's financial strategy and impact investor confidence negatively in the short term.
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