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Eagle Point Credit raises $33.7M in public offering of stock at $18.25; shares down 5.6%

Published 01/18/2018, 11:14 AM
© Reuters.  Eagle Point Credit raises $33.7M in public offering of stock at $18.25; shares down 5.6%
  • Eagle Point Credit (ECC -5.6%) priced an underwritten upsized public offering of 1.95M common shares at $18.25/share resulting in net proceeds of approx. $33.7M million
  • Underwriters have been granted a 30-day option to purchase up to an additional 292,500 shares of common stock to cover overallotments.
  • Press Release
  • Now read: What Are Collateralized Loan Obligations? (CLO/CLOs)(OXLC/ECC)


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