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Eagle Point Credit Prices Public Offering of 1.4M Shares Of Series F Preferred Stock

Author: Benzinga Newsdesk | January 12, 2024 01:24am

Eagle Point Credit Company announced that it has priced an underwritten public offering of 1,400,000 shares of its 8.00% Series F Term Preferred Stock due 2029 (the "Preferred Stock") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $33.6 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.

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