Eagle Point Credit (ECC) has made a call of numerous issues of ‘term prefeerreds’ and notes.
The company which just sold a note issue with a 5.375% coupon (ECCZ) made a full or partial call on 3 different issues.
They have made a full call on the 7.75% term preferred (ECCB) for 2/28/2022, a full call on the 6.75% notes due 2027 (ECCY) for 2/14/2022, and a 50% call on the 6.6875% notes due 2028 (ECCX) for 2/14/2022.
All issues are called at $25 plus accrued dividends or interest. The SEC notice is here.
Many issues of ECC remain outstanding–although obviously not at such lucrative coupons.
mbg and others posted this call on Friday.