CSSEN - Chicken Soup for the Soul Entertainment prices $10.4M note offering
Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) on Wednesday priced its underwritten public offering of $10.4M of 9.5% notes due 2025. CSSE granted underwriters a 30-day option to purchase up to $1.56M of additional notes to cover overallotments, if any. The offering is expected to close on or about Apr. 22. Interest payments will be made quarterly in arrears on Mar. 31, Jun. 30, Sept. 30, and Dec. 31 each year, starting Jun. 30. CSSE can redeem the notes, in whole or in part, at any time on or after Jul. 31 or upon a change of control at the redemption price of par plus accrued interest. Net proceeds to CSSE, excluding exercise of the underwriters' option, is estimated to be ~$9.5M.
For further details see:
Chicken Soup for the Soul Entertainment prices $10.4M note offering