Eagle Point Credit Co Inc. Files 8-K on Financial Obligations

TL;DR

Eagle Point Credit Co Inc. filed an 8-K detailing new financial obligations and preferred stock series.

AI Summary

Eagle Point Credit Co Inc. entered into a material definitive agreement on December 10, 2024, related to financial obligations. The filing details various series of preferred stock and notes, including Series C Preferred Stock Due 2031, Series D Preferred Stock, Series F Preferred Stock Due 2029, Notes Due 2028, Notes Due 2031, and Notes Due 2029. Specific dollar amounts for these obligations are not detailed in this excerpt.

Why It Matters

This filing indicates new or updated financial commitments for Eagle Point Credit Co Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing concerns material definitive agreements and financial obligations, which inherently carry financial risk.

Key Players & Entities

• Eagle Point Credit Co Inc. (company) — Filer
• 2024-12-10 (date) — Filing Date
• ECC:Sec6.50SeriesCTermPreferredStockDue2031Member (financial_instrument) — Preferred Stock Series
• ECC:Sec6.75SeriesDPreferredStockMember (financial_instrument) — Preferred Stock Series
• ECC:Sec8.00SeriesFTermPreferredStockDue2029Member (financial_instrument) — Preferred Stock Series
• ECC:Sec6.6875NotesDue2028Member (financial_instrument) — Notes Series
• ECC:Sec6.75NotesDue2031Member (financial_instrument) — Notes Series
• ECC:Sec5.375NotesDue2029Member (financial_instrument) — Notes Series

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share ECC New York Stock Exchan
• $100,000,000 — re relates to the Company's issuance of $100,000,000 aggregate principal amount of its 7.75%
• $15,000,000 — option to purchase up to an additional $15,000,000 aggregate principal amount of Notes wit
• $25 — s issuing the Notes in denominations of $25 and integral multiples of $25 in excess

Filing Documents

• tm2430057d1_8k.htm (8-K) — 53KB
• tm2430057d1_ex4-1.htm (EX-4.1) — 91KB
• tm2430057d1_ex5-1.htm (EX-5.1) — 22KB
• tm2430057d1_ex5-1img001.jpg (GRAPHIC) — 6KB
• 0001104659-24-127175.txt ( ) — 450KB
• ecc-20241210.xsd (EX-101.SCH) — 5KB
• ecc-20241210_def.xml (EX-101.DEF) — 28KB
• ecc-20241210_lab.xml (EX-101.LAB) — 39KB
• ecc-20241210_pre.xml (EX-101.PRE) — 27KB
• tm2430057d1_8k_htm.xml (XML) — 11KB

01

Item 1.01. Entry into a Material Definitive Agreement. On December 10, 2024, in connection with a previously announced public offering (the "Offering"), Eagle Point Credit Company Inc. (the "Company") entered into the sixth supplemental indenture (the "Sixth Supplemental Indenture") between the Company and Equiniti Trust Company, LLC (the "Trustee"), which supplements a base indenture, dated December 4, 2015, between the Company and the Trustee (the "Base Indenture," and, together with the Sixth Supplemental Indenture, the "Indenture"). The Sixth Supplemental Indenture relates to the Company's issuance of $100,000,000 aggregate principal amount of its 7.75% Notes due 2030 (the "Notes"). The representative of the underwriters in the Offering may exercise an option to purchase up to an additional $15,000,000 aggregate principal amount of Notes within 30 days of December 4, 2024. The Notes are expected to be listed on the New York Stock Exchange and to trade under the trading symbol "ECCU". The 2030 Notes will be the Company's direct unsecured obligations and, upon the Company's liquidation, dissolution or winding up, will rank (1) senior to the outstanding shares of the Company's common stock and preferred stock, (2) pari passu (or equally) with the Company's existing and future unsecured indebtedness, including the Company's 6.6875% Notes due 2028, the Company's 5.375% Notes due 2029 and the Company's 6.75% Notes due 2031, (3) effectively subordinated to any of the Company's existing or future secured indebtedness (including indebtedness that is initially unsecured, but to which the Company grants subsequently security), to the extent of the value of the assets securing such indebtedness and (4) structurally subordinated to all existing and future indebtedness of the Company's subsidiaries, financing vehicles or similar facilities. The Notes will mature on June 30 , 2030. The principal payable at maturity will be 100% of the aggregate principal amount. The inter

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant . The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits EXHIBIT NUMBER DESCRIPTION 4. 1 Sixth Supplemental Indenture, dated as of December 10, 2024, relating to the 7.75% Notes due 2030, by and between Eagle Point Credit Company Inc. and Equiniti Trust Company, LLC, as trustee. 4.2 Form of 7.75% Notes due 2030 (included in Exhibit 4.1 hereto). 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: December 10, 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