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Eagle Point begins public offering of more 7% $25-par notes due 2020
By Marisa Wong
Morgantown, W.Va., May 31 – Eagle Point Credit Co. Inc. said it has begun a public offering of its 7% $25-par notes due Dec. 31, 2020.
The notes will be issued under the same indenture governing the company’s $25 million of 7% five-year notes issued in December.
Incapital LLC is the bookrunner.
The notes may be called in whole or in part at any time on or after Dec. 31, 2017.
The notes are listed on the New York Stock Exchange under the symbol “ECCZ.”
The company said it plans to use proceeds from the offering to acquire investments in line with its investment objectives and strategies and for general working capital purposes.
Eagle Point is a non-diversified, closed-end management investment company based in Greenwich, Conn.
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