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Eagle Point Credit To Sell New Term Preferred

CLO owner Eagle Point Credit (ECC) has announced they will be selling a new term preferred with a mandatory redemption in 2029.

This will be a monthly payer.

The permanent ticker will be ECCF.

The company has many outstanding issues of term preferreds, traditional preferreds and baby bonds – all of which can be seen here.

The preliminary prospectus can be read here.

Thanks to J for catching this one.

4 thoughts on “Eagle Point Credit To Sell New Term Preferred”

  1. Looks like they priced it as 8%. Interesting as the CCIA has an 8.75% coupon.

    No less than “powerhouse” B Riley is running it.

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