Eagle Point Credit Company Prices Offering of Common Stock

1/18/18

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 1,950,000 shares of its common stock at a public offering price of $18.25 per share, which will result in net proceeds to the Company of approximately $33.7 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 292,500 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 Company’s stockholders and for general working capital purposes.

The offering is expected to close on January 22, 2018, subject to customary closing conditions.

Keefe, Bruyette & Woods, A Stifel Company and UBS Investment Bank are acting as joint book-running managers for the offering. B. Riley FBR, Inc., Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE AMERICAN:LTS), National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NASDAQ:NHLD), and Oppenheimer & Co. Inc. are acting as lead managers for the offering. MUFG Securities Americas Inc. is acting as co-manager for the offering.

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. The principals of Eagle Point Credit Management LLC are Thomas P. Majewski, Daniel W. Ko and Daniel M. Spinner.

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