GREENWICH, Conn. - Eagle Point Credit Company Inc. (NYSE: NYSE:ECC) has initiated an underwritten public offering of its Series F Term Preferred Stock, the terms of which are currently being negotiated with underwriters. The Preferred Stock has received a 'BBB' rating from Egan-Jones Ratings Company, a nationally recognized statistical rating organization.
The company plans to list the Preferred Stock on the New York Stock Exchange under the symbol ECCF, expecting it to trade within 30 days of the issue date. Eagle Point Credit has also proposed a 30-day option for underwriters to purchase additional shares of Preferred Stock under identical terms and conditions.
Leading the offering as joint bookrunners are Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc., and Piper Sandler & Co. InspereX LLC and Wedbush Securities Inc. are serving as lead managers.
The offering is contingent upon a shelf registration statement filed with the SEC, which has been declared effective. Any sales will be made solely through a prospectus and related prospectus supplement.
The information in this article is based on a press release statement from Eagle Point Credit Company Inc.
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