Eagle Point Credit Company (ECC) has announced they will be selling a new issue of baby bonds with a maturity date in 2031.
The issue will pay quarterly interest payments and will have a early redemption period in 2024
The preliminary prospectus can be read here.
ECC currently has a number of other issues outstanding–1 term preferred issue and 2 baby bonds–they can be seen here.
ECCW now trading at $25.74
Issuer: Eagle Point Credit
Deal Size: $25 million,
Credit Rating: Egan Jones: BBB+
6.75% area
Maturity: 10 years, due 2031