Eagle Point Credit Company Inc. Announces Offering of Unsecured Notes
Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, NYSE:ECCA, NYSE:ECCZ) today announced that it has commenced a public
offering of its 7.00% Notes due 2020 (the “2020 Notes”). The 2020 Notes will be issued under the same indenture and first
supplemental indenture, each dated as of December 4, 2015, between the Company and American Stock & Trust Company LLC, pursuant
to which the Company previously issued $25 million aggregate principal amount of the 2020 Notes in December 2015. The 2020 Notes
will mature on December 31, 2020 and may be redeemed in whole or in part at any time or from time to time at the Company’s option
on or after December 31, 2017. The 2020 Notes will be issued in minimum denominations of $25 and integral multiples of $25 in
excess thereof and bear interest at a rate of 7.00% per year, payable quarterly, with the first interest payment on 2020 Notes sold
in this offering occurring on June 30, 2016. The 2020 Notes are listed on the New York Stock Exchange under the symbol “ECCZ.”
The Company plans to use the net proceeds from the offering of the 2020 Notes to acquire investments in accordance with its
investment objectives and strategies and for general working capital purposes.
Incapital LLC is acting as sole book-running manager for the offering.
Investors should consider the Company’s investment objectives, risks, charges and expenses carefully before investing. The
preliminary prospectus supplement dated May 31, 2016 and the accompanying prospectus dated November 25, 2015, which have been filed
with the Securities and Exchange Commission (“SEC”), contain this and other information about the Company and should be read
carefully before investing. The information in the preliminary prospectus supplement, the accompanying prospectus and this press
release is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this press
release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such
offer or sale is not permitted.
A shelf registration statement relating to these securities is on file with and has been declared effective by the SEC. The
offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained by visiting
EDGAR on the SEC’s website at http://www.sec.gov; copies may also be obtained by writing Incapital LLC at,
Attention: DCM Prospectus Department, 200 S. Wacker Drive, Suite 3700, Chicago, Illinois 60606, by calling 1 (800) 327-1546, or by
sending an e-mail to prospectus_requests@incapital.com.
ABOUT EAGLE POINT CREDIT COMPANY
The Company is a non-diversified, closed-end management investment company. The Company’s investment objectives are to generate
high current income and capital appreciation primarily through investment in equity and junior debt tranches of collateralized loan
obligations. The Company is externally managed and advised by Eagle Point Credit Management LLC. The principals of Eagle
Point Credit Management LLC are Thomas P. Majewski, Daniel W. Ko and Daniel M. Spinner.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform
Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results
may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in
the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the date of this press release.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Source: Eagle Point Credit Company Inc.
Investor Relations:
Eagle Point Credit Company Inc.
Kenneth P. Onorio, 203-340-8500
Chief Financial Officer
ir@EaglePointCredit.com
www.eaglepointcreditcompany.com
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