Eagle Point Credit plans to offer $25-par notes due 2029

By William Gullotti

Los Angeles, Jan. 12 – Eagle Point Credit Co. Inc. started a public offering of $25-par notes due 2029 (Egan-Jones: BBB+), according to a press release and a 424B2 filing with the Securities and Exchange Commission.

The notes will be callable in whole or in part at par plus interest. The interest rate, along with the public offering price and other terms of the notes, remain to be determined.

The deal will include a 30-day greenshoe.

Ladenburg Thalmann & Co. Inc. is the lead bookrunner with B. Riley Securities, Inc., InspereX LLC, Wedbush Securities Inc. and Oppenheimer & Co. Inc. as joint bookrunners.

The notes are expected to be listed on the New York Stock Exchange within 30 days of the original issue date.

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

The closed-end management investment company is based in Greenwich, Conn.

© 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.