debt
confidence high
sentiment neutral
materiality 0.50
Eagle Point Credit issues $100M of 7.75% notes due 2030
Eagle Point Credit Co Inc.
- $100M aggregate principal of 7.75% notes due 2030; underwriters option for up to $15M additional.
- Offering expected to close Dec 10, 2024; notes to list on NYSE under symbol ECCU.
- Underwriting agreement with Eagle Point Credit Management, Eagle Point Administration, and Lucid Capital Markets.
- Proceeds used for general corporate purposes, including potential investment in CLO equity securities.