Eagle Point Credit Company Inc. Announces Offering of Common Stock

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Business Wire 17-Jan-2018 4:18 PM
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GREENWICH, Conn.--(BUSINESS WIRE)-- Eagle Point Credit Company Inc. (the Company) (NYSE:ECC, NYSE:ECCA, NYSE:ECCB, NYSE:ECCZ, NYSE:ECCY) today announced that it has commenced an underwritten public offering of 1,750,000 shares of its common stock. In addition, the Company plans to grant the underwriters a 30-day option to purchase up to an additional 262,500 shares of common stock to cover overallotments, if any.
The Company plans to use the net proceeds from the offering of its common stock to acquire investments in accordance with its investment objectives and strategies, to make distributions to the Companys stockholders and for general working capital purposes.
Keefe, Bruyette & Woods, A Stifel Company and UBS Investment Bank are acting as joint book-running managers for the offering.
Investors should consider the Companys investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus supplement dated January 17, 2018 and the accompanying prospectus dated June 14, 2017, which have been filed with the Securities and Exchange Commission (SEC), contain this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted.
A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by writing Keefe, Bruyette & Woods, Inc. at Attn: Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, by calling toll-free 1-800-966-1559 or by sending an e-mail to: syndprospectus@stifel.com, or by writing UBS Securities LLC at Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019 or by calling toll-free 1-888-827-7275; copies may also be obtained by visiting EDGAR on the SECs website at http://www.sec.gov .
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-diversified, closed-end management investment company. The Companys 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 byEagle Point Credit Management LLC. The principals ofEagle Point Credit Management LLCare Thomas P. Majewski,Daniel W. KoandDaniel M. Spinner.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Companys other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

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Investor Relations:ICR203-340-8510ir@EaglePointCredit.com
Source: Eagle Point Credit Company Inc.