debt
confidence high
sentiment neutral
materiality 0.50
Eagle Point Credit issues $100M of 7.75% Notes due 2030; NYSE symbol ECCU
Eagle Point Credit Co Inc.
- Issued $100M aggregate principal of 7.75% Notes due 2030; underwriters have 30-day option for additional $15M.
- Notes mature June 30, 2030; listed on NYSE under 'ECCU'; interest payable quarterly starting March 31, 2025.
- Unsecured obligations rank pari passu with existing unsecured notes, senior to equity, structurally subordinated to subsidiary debt.
- Company may redeem notes on/after June 30, 2027 at 100% plus accrued interest.