GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (NYSE:ECC, NYSE:ECCA, NYSE:ECCB, NYSE:ECCZ, NYSE:ECCY) today announced that it has priced an underwritten public offering of $60,000,000 aggregate principal amount of its 6.6875% notes due 2028 (the “2028 Notes”), which will result in net proceeds to the Company of approximately $57.9 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The 2028 Notes will mature on April 30, 2028 and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after April 30, 2021. The 2028 Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 6.6875% per year, payable quarterly, with the first interest payment occurring on July 2, 2018 (the first business day following June 30, 2018). The 2028 Notes are expected to be rated ‘A-’ by Egan-Jones Ratings Company. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $9,000,000 aggregate principal amount of 2028 Notes to cover overallotments, if any.

ABOUT EAGLE POINT CREDIT COMPANY

The Company is a non-diversified, closed-end management investment company. The Company’s investment objectives are to generate high current income and capital appreciation primarily through investment in equity and junior debt tranches of collateralized loan obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC.