Eagle Point Credit (ECC) Prices Offering of Preferred Shares

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Go back to Eagle Point Credit (ECC) Prices Offering of Preferred Shares

Eagle Point Credit Company Inc. Prices Offering of Preferred Stock

January 11, 2024 6:22 PM EST

GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the Company) (NYSE:ECC, ECCC, ECC PRD, ECCV, ECCW, ECCX) today announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F Term Preferred Stock due 2029 (the Preferred Stock) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $33.6 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Preferred Stock is rated BBB by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a... More