Eagle Point Credit plans to offer $25-par notes due 2031

By Wendy Van Sickle

Columbus, Ohio, March 17 – Eagle Point Credit Co. Inc. began an offering of $25-par notes due 2031 (Eagan-Jones: BBB+), according to a filing with the Securities and Exchange Commission.

There will be a 30-day over-allotment option.

Ladenburg Thalmann & Co. Inc. is the lead bookrunner for the offering. B. Riley Securities, Inc., Oppenheimer & Co. Inc., Incapital LLC and National Securities Corp. are joint bookrunners.

The notes are expected to be listed on the New York Stock Exchange.

Proceeds will be used to acquire investments, to make distributions to stockholders and for general working capital purposes.

Eagle Point is a Greenwich, Conn.-based externally managed, non-diversified closed-end management investment company.

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