trending Market Intelligence /marketintelligence/en/news-insights/trending/ntqb2wva_snmy23imzs8ww2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Eagle Point Credit prices preferred stock offering

Shareholder Advocates Say New SEC Policy To Prompt Litigation, Less Transparency

Groups Urge Business Roundtable CEOs To Act On New Corporate Purpose Declaration

State of South Korean OTT Video: Subscription

Global Streaming Media Device Sales Forecast To Flatten In 5 Year Outlook


Eagle Point Credit prices preferred stock offering

Eagle PointCredit Co. Inc. priced an underwritten public of 1,200,000 shares of its7.75% series B term preferred stock due 2026 at $25 per share.

The offering will result in net proceeds to the company ofabout $28.5 million after payment of underwriting discounts and commissions andestimated offering expenses.

The underwriters were granted a 30-day option to purchase upto an additional 180,000 shares of preferred stock to cover any overallotments.

Eagle Point Credit intends to list the preferred stock onthe NYSE under the symbol ECCB. The company plans to use the offering's netproceeds to acquire investments in accordance with its investment objectivesand strategies and for general working capital purposes.

The offering is expected to close Oct. 11.

Keefe Bruyette & Woods is the book-running manager forthe offering. FBR Capital Markets & Co. and Wunderlich Securities Inc. arethe co-lead managers, while MUFG Securities Americas Inc. and NationalSecurities Corp. are the co-managers.