Eagle Point Credit (ECC) has announced they would be selling a new issue of $25/share baby bonds.
ECC is one of the oldest publicly traded holders of collateralized loan obligations (CLOs) and already has numerous issues of term preferreds, perpetual preferreds and baby bonds outstanding which can be seen here.
The preliminary prospectus can be read here.
J noted this (as usual) in the reader alerts just minutes ago. The headlines today included the ECC press release.