Eagle Point Credit (ECC) to Offer Preferred Stock

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Go back to Eagle Point Credit (ECC) to Offer Preferred Stock

Eagle Point Credit Company Inc. Announces Offering of Preferred Stock

June 9, 2021 4:12 PM EDT

GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the Company) (NYSE:ECC, ECCB, ECCX, ECCY, ECCW) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the Preferred Stock). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated BBB by Egan-Jones Ratings Company. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover overallotments, if... More