The notes will bear interest at a rate of 8.50% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning May 31, 2023.
The offering is expected to close on April 14, 2023.
The underwriters have an option to purchase up to $7.5 million of notes.
The notes are expected to be listed on the NYSE and will trade within 30 days of the original issue date under the symbol “SAZ”.
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