Eagle Point Credit plans to offer series C term preferreds due 2031

By Wendy Van Sickle

Columbus, Ohio, June 9 – Eagle Point Credit Co. Inc. announced an offering of series C term preferred stock due 2031 (Eagan-Jones: BBB+), according to a filing with the Securities and Exchange Commission.

There will be an over-allotment option.

The preferreds will have a $25.00 liquidation preference.

Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., Oppenheimer & Co. Inc. and Incapital LLC are the bookrunners.

The notes are expected to be listed on the New York Stock Exchange under the symbol “ECCC.”

Proceeds will be used to acquire investments and for general working capital purposes.

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

© 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.