Eagle Point Credit (NYSE: ECC) plans full 8.00% Series F preferred redemption
Eagle Point Credit Company Inc. is electing to redeem in full 2,486,244 outstanding shares of its 8.00% Series F Term Preferred Stock due 2029. The company has notified Equiniti Trust Company, LLC, as redemption agent, to provide formal redemption notices to holders.
The redemption is expected to be completed on January 30, 2026. Holders will receive a redemption price of $25 per share plus all unpaid dividends and distributions accumulated to, but excluding, the redemption date, without interest.
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Insights
ECC is retiring an entire preferred series at par plus accrued dividends.
Eagle Point Credit Company Inc. has elected to redeem all 2,486,244 outstanding shares of its 8.00% Series F Term Preferred Stock due 2029. The redemption is expected to occur on
This action simplifies the company’s capital structure by eliminating a specific term preferred security with an 8.00% coupon. The net impact on overall leverage, interest expense, or common shareholders depends on how the company funds the redemption and any replacement capital, which is not detailed in the excerpt.
Preferred holders in this series are scheduled to receive cash at the stated redemption price and accrued amounts once the redemption is completed as described. Subsequent disclosures may clarify any new financing, if used, and how the redemption fits into broader balance sheet management.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date
of earliest event reported):
Eagle Point Credit Company Inc.
(Exact name of Registrant as specified in its charter)
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01. | Other Events |
On December 29, 2025, Eagle Point Credit Company Inc. (the “Company”) notified Equiniti Trust Company, LLC, the redemption agent (the “Redemption Agent”) for the Company’s 8.00% Series F Term Preferred Stock due 2029 (the “Series F Term Preferred Stock”) of the Company’s election to redeem in full the 2,486,244 outstanding shares of Series F Term Preferred Stock and instructed the Redemption Agent to provide notice of such redemption to the holders of the Series F Term Preferred Stock. The Company expects the redemption to be completed on January 30, 2026 (the “Redemption Date”). The redemption price per share will be $25 plus an amount equal to all unpaid dividends and distributions on each share accumulated to, but excluding, the Redemption Date, without interest, if any. This Current Report on Form 8-K does not constitute a notice of redemption of the Series F Term Preferred Stock.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Eagle Point Credit Company Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Eagle Point Credit Company Inc. | ||
| Date: December 29, 2025 | By: |
/s/ Kenneth P. Onorio |
| Kenneth P. Onorio | ||
| Chief Financial Officer | ||
FAQ
What did Eagle Point Credit Company Inc. (ECC) announce regarding its Series F preferred stock?
How many shares of Eagle Point Credit (ECC) 8.00% Series F Term Preferred Stock are being redeemed?
What is the redemption price for ECC’s 8.00% Series F Term Preferred Stock?
When does Eagle Point Credit (ECC) expect to complete the Series F preferred stock redemption?
Does this filing itself serve as the formal notice of redemption for ECC’s Series F preferred stock?
Which entity is acting as redemption agent for Eagle Point Credit’s (ECC) Series F preferred redemption?
