Eagle Point Credit Prices New Note

Eagle Point Credit Company (ECC) has priced their previously announced new issue of $25/share notes.

The issue prices with a coupon of 5.375%.

The issue pays quarterly interest payments

Egan Jones has assigned a BBB+ rating to the issue.

Being a baby bond there is no OTC trading–the issue will trade in about a week on the NASDAQ exchange.

The pricing term sheet can be found here.

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