Eagle Point Credit Co. Files 8-K on Material Definitive Agreement

TL;DR

**Eagle Point Credit Co. just entered a material definitive agreement, watch for details!**

AI Summary

Eagle Point Credit Company Inc. filed an 8-K on January 23, 2024, to report an "Entry into a Material Definitive Agreement." This filing indicates a significant new agreement that could impact the company's financial structure or operations. While the specific details of the agreement are not disclosed in this summary filing, it signals a potentially important development for shareholders, as material agreements often affect future earnings, debt obligations, or strategic direction.

Why It Matters

This filing signals a new, potentially significant agreement for Eagle Point Credit Co. Inc., which could influence its financial health and future performance, directly impacting shareholder value.

Risk Assessment

Risk Level: medium — The risk is medium because a 'material definitive agreement' could be positive or negative, and without details, its impact on the company's financial position is unknown.

Analyst Insight

A smart investor would monitor subsequent filings or press releases from Eagle Point Credit Company Inc. for specific details regarding the 'Material Definitive Agreement' to understand its financial implications before making any investment decisions.

Key Players & Entities

• Eagle Point Credit Company Inc. (company) — the registrant filing the 8-K
• January 23, 2024 (date) — date of earliest event reported and filing date
• 811-22974 (number) — Commission File Number for Eagle Point Credit Company Inc.
• 47-2215998 (number) — I.R.S. Employer Identification No. for Eagle Point Credit Company Inc.

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share ECC New York Stock Exchan

Filing Documents

• tm243805d1_8k.htm (8-K) — 40KB
• tm243805d1_ex1-1.htm (EX-1.1) — 170KB
• tm243805d1_ex5-1.htm (EX-5.1) — 15KB
• tm243805d1_ex5-1img001.jpg (GRAPHIC) — 3KB
• tm243805d1_ex5-1img002.jpg (GRAPHIC) — 3KB
• 0001104659-24-005927.txt ( ) — 514KB
• ecc-20240123.xsd (EX-101.SCH) — 4KB
• ecc-20240123_def.xml (EX-101.DEF) — 28KB
• ecc-20240123_lab.xml (EX-101.LAB) — 38KB
• ecc-20240123_pre.xml (EX-101.PRE) — 26KB
• tm243805d1_8k_htm.xml (XML) — 9KB

01

Item 1.01. Entry into a Material Definitive Agreement. On January 23, 2024, Eagle Point Credit Company Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") by and among the Company, Eagle Point Credit Management LLC, Eagle Point Administration LLC and Ladenburg Thalmann & Co. Inc., in connection with the issuance and sale of 400,000 shares (the "Offering") of the Company's 8.00% Series F Term Preferred Stock due 2029 (the "Series F Term Preferred Stock"). The Offering is expected to close on January 24, 2024, subject to customary closing conditions. The Series F Term Preferred Stock are expected to be listed on the New York Stock Exchange and to trade under the trading symbol "ECCF". The Offering is being made pursuant to a registration statement on Form N-2 (333-269139), filed with the Securities and Exchange Commission (the "Commission"). The foregoing description of the terms of the Underwriting Agreement for the Series F Term Preferred Stock is not complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement for the Series F Term Preferred Stock, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated by reference herein.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits EXHIBIT NUMBER DESCRIPTION 1.1 Underwriting Agreement, dated January 23, 2024, by and among the Company, Eagle Point Credit Management LLC, Eagle Point Administration LLC and Ladenburg Thalmann & Co. Inc. 5.1 Opinion of Dechert LLP. 23.1 Consent of Dechert LLP (contained in the opinion filed as Exhibit 5.1 hereto). 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. Eagle Point Credit Company Inc. Date: January 23, 2024 By: /s/ Kenneth P. Onorio Kenneth P. Onorio Chief Financial Officer and Chief Operating Officer

View Full Filing

View this 8-K filing on SEC EDGAR