By Devika Patel
Knoxville, Tenn., Sept. 29 – Pelorus Equity Group (Egan Jones: BBB+) subsidiary Pelorus Fund sold $42.25 million of 7% senior unsecured notes due Sept. 30, 2026 in a private placement, according to a press release.
Piper Sandler & Co. was the agent.
The Newport Beach, Calif., company provides value-add bridge commercial real estate loans to entrepreneurs operating cannabis-use properties.
| Issuer: | Pelorus Fund
|
| Amount: | $42.25 million
|
| Description: | Senior unsecured notes
|
| Maturity: | Sept. 30, 2026
|
| Coupon: | 7%
|
| Agent: | Piper Sandler & Co.
|
| Announcement date: | Sept. 29
|
| Ratings: | Egan Jones: BBB+
|
| Distribution: | Private placement
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
