Eagle Point Credit Company Inc. Announces Full Redemption of 6.75% Notes Due 2031 and 6.6875% Notes Due 2028
GREENWICH, Conn.–(BUSINESS WIRE)–
Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCU, ECCV, ECCW, ECCX) announced today that it will redeem all of the aggregate principal amount of the outstanding 6.75% notes due 2031 (NYSE: ECCW) and 6.6875% notes due 2028 (NYSE: ECCX) (collectively, the “Notes”) on May 8, 2026 (the “Redemption Date”), following which the Notes will be delisted from the New York Stock Exchange. The redemption price of the Notes will be $25.00, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
The Notes are held in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. The redemption price will be paid by the Company to DTC through its redemption and paying agent, Equiniti Trust Company, LLC. Once redeemed, the Notes will no longer be deemed outstanding, interest will cease to accumulate and all the rights of the holders of the Notes will cease, except the right to receive the applicable redemption price.
Equiniti Trust Company, LLC can be reached by mail at 48 Wall Street, 22nd Floor, New York, NY 10005 (Attn: Corporate Actions), or by email at [email protected].
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC.
In addition to the Company’s regulatory requirement to file certain portfolio information with the SEC, the Company makes certain additional financial information available to investors via its website (www.EaglePointCreditCompany.com), press releases and other public disclosures.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260406273398/en/
Investor and Media Relations:
Prosek Partners
(203) 340-8510
[email protected]
www.EaglePointCreditCompany.com
KEYWORDS: Connecticut United States North America
INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance
MEDIA:
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