Eagle Point Credit Company Inc.
ECCU
New York Stock Exchange25.12
USD
-0.06
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Eagle Point Credit Company Inc.
ECCU
(New York Stock Exchange)
Recent
price
25.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Eagle Point Credit Company Inc. (NYSE: ECCU) operates as a publicly traded closed-end management investment company registered under the Investment Company Act of 1940, focusing primarily on generating high current income through investments in equity and junior debt tranches of collateralized loan obligations (CLOs) backed by below investment grade U.S. senior secured loans; it also invests in CLO debt, loan accumulation facilities, regulatory capital relief transactions, collateralized fund obligations, consumer asset-backed securities, and related credit instruments. The company, formed in 2014 and headquartered at 600 Steamboat Road, Suite 202, Greenwich, Connecticut, is externally managed by Eagle Point Credit Management LLC and primarily conducts its fixed income investment activities in the United States, providing indirect exposure to approximately 1,906 unique corporate obligors across diverse sectors such as technology software and services, health care providers, and hotels, restaurants, and leisure. Its portfolio emphasizes a private equity-style approach to CLO equity, targeting significant stakes to influence terms, with a weighted average remaining reinvestment period of 3.3 years, junior overcollateralization cushion of 4.6%, and underlying loan characteristics including a weighted average spread of 3.33% over SOFR, B+/B rating, and 4.7-year maturity as of June 30, 2025. In recent developments, the company deployed $285 million into new CLO equity (weighted average effective yield of 18.4%), CLO debt, and other investments during the six months ended June 30, 2025, including $169 million in CLO equity amid market dislocations; completed 13 resets and 8 refinancings to extend reinvestment periods and reduce financing costs by an average 44 basis points; formed a second CLO collateral manager partnership with a long-established credit platform, providing a meaningful perpetual top-line revenue share; raised $106 million in accretive common equity via its at-the-market program (yielding $0.04 per share NAV accretion) and $60 million in net proceeds from 7.00% Series AA and AB Convertible Perpetual Preferred Stock offerings; and maintained fixed-rate leverage at 41.1% of total assets (less current liabilities) with no maturities before April 2028 and a weighted average cost of 6.9%.
Eagle Point Credit Company Inc (ECC) Q1 2026 Earnings Call Transcript