424B3 1 tm2133600-2_424b3.htm 424B3

 

 

Filed pursuant to Rule 424(b)(3)
1933 Act File No. 333-237586

 

PROSPECTUS SUPPLEMENT dated November 22, 2021
(to Prospectus dated May 29, 2020, as supplemented from time to time)

 

EAGLE POINT CREDIT COMPANY INC.

 

$125,000,000 of Common Stock

 

Up to 1,900,000 Shares of 6.50% Series C Term Preferred Stock due 2031

Liquidation Preference $25 per share

 

 

 

This prospectus supplement supplements the prospectus supplement dated July 14, 2021, or the “July Supplement,” and the accompanying prospectus thereto dated May 29, 2020, or the “Base Prospectus.” The Base Prospectus and July Supplement, and all supplements to or documents incorporated by reference into the Base Prospectus and July Supplement, are collectively referred to as the “Prospectus.” The Prospectus relates to the offering of $125,000,000 aggregate amount of common stock, par value $0.001 per share, or the “common stock,” and up to 1,900,000 shares of 6.50% Series C Term Preferred Stock due 2031, or the “Series C Term Preferred Stock,” with an aggregate liquidation preference of $47,500,000, pursuant to an amended and restated at market issuance sales agreement dated July 14, 2021 with B. Riley Securities, Inc. This prospectus supplement provides certain updated information for the Company as of November 22, 2021.

 

Investing in our securities involves a high degree of risk, including the risk of a substantial loss of investment. Before purchasing any shares of our common stock or Series C Term Preferred Stock, you should read the discussion of the principal risks of investing in our securities, which are summarized in “Risk Factors” beginning on page S-22 of the July Supplement and page 20 of the Base Prospectus.

 

The terms “we,” “us” and “our” refer to Eagle Point Credit Company Inc., a Delaware corporation, and its consolidated subsidiaries.

 

 

RECENT DEVELOPMENTS

 

On November 19, 2021, we priced an underwritten public offering of 1,000,000 shares of our 6.75% Series D Preferred Stock, or the “Series D Preferred Stock,” at a public offering price of $25 per share, which will result in net proceeds to us of approximately $23.9 million after payment of underwriting discounts and commissions and estimated offering expenses payable by us. In addition, we have granted the underwriters a 30-day option to purchase up to an additional 150,000 shares of Series D Preferred Stock to cover overallotments, if any. This offering is expected to close on November 29, 2021, subject to customary closing conditions.

 

In connection with the offering of the Series D Preferred Stock, we declared the first four monthly distributions on shares of the Series D Preferred Stock, in amounts equal to $0.15, $0.140625, $0.140625 and $0.140625, payable on December 31, 2021, January 31, 2022, February 28, 2022 and March 31, 2021, respectively, to holders of record of the Series D Preferred Stock on December 13, 2021, January 11, 2022, February 8, 2022 and March 11, 2022, respectively.