Item 1.01. Conclusion of a significant definitive agreement.

At January 24, 2022, in connection with a previously announced public offer (the “Offer”), Eagle Point Credit Company Inc. (the “Company”) entered into the fifth supplemental indenture (the “Fifth Supplemental Indenture”) between the Company and American Stock Transfer and Trust Company, LLC (the “trustee”), which completes a basic deed, dated December 4, 2015, between the Company and the Trustee (the “Basic Deed” and, together with the fifth supplementary deed, the “Deed”). The fifth additional act concerns the issue by the Company of $87,000,000 aggregate principal amount of its 5.375% Notes due 2029 (the “Notes”). The representative of the underwriters in connection with the Offer may exercise a call option up to an additional amount $13,000,000 total principal amount of the Notes within 30 days of January 13, 2022.

The Notes should be listed on the New York Stock Exchange and trade under the trading symbol “ECCV”.

The Notes will expire on January 31, 2029. The principal payable at maturity will correspond to 100% of the total principal amount. The interest rate on the Notes is 5.375% per annum and will be paid every March, 31st, June 30th, September 30 and
the 31st of December, start March 31, 2022, and regular record dates for interest payments will be every March 15, June 15, September 15 and December 15, start March 15, 2022. If any interest payment date falls on a non-business day, payment of applicable interest will be made on the next following business day and no further interest will accrue as a result of such late payment. The initial interest period for the Notes will be the period from and including
January 24, 2022, up to, but excluding, the initial interest payment date, and subsequent interest periods shall be the periods between an interest payment date and the next, excluding, interest payment date or the date expiry date indicated, as the case may be.

The Company issues the Notes in denominations of $25 and integer multiples of $25 beyond this. The Notes will not be subject to any sinking funds and Noteholders will not have the opportunity to redeem the Notes prior to the stated Maturity Date.

The Notes may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after January 31, 2025 upon written notice of at least 30 days and at most 60 days by mail before the date fixed for its reimbursement, at a reimbursement price equal to 100% of the total amount in principal unpaid thereof, plus interest accrued and unpaid otherwise payable for the period of then current quarterly interest accrued up to, but not including, the date fixed for repayment. Any exercise of the Company’s option to redeem the Bonds will be made in accordance with the Investment Company Act of 1940, as amended (the “1940 Act”).

If the Company redeems only part of the Bonds, the Trustee will determine the method of selecting the particular Bonds to be redeemed, in accordance with the rules of any national stock exchange or quotation system on which the Bonds are listed, pro rata in the possible or by batch or by a similar method in accordance with the procedures of The depositary trust company. Unless the Company is in default of payment of the redemption price, from the date of redemption, interest will cease to accrue on the Securities called for redemption.

Pursuant to the Indenture, the Company has the ability, without the consent of the Noteholders, to issue additional series of Notes (in such case, “Additional Notes”) having the same rank and rate of interest, the same maturity and other terms as the Notes. All of the Additional Notes and the Existing Notes will constitute a single series under the Indenture.

The Indenture contains certain covenants, including a covenant requiring the Company to comply with Section 18(a)(1)(A) of the 1940 Act (as amended by the other provisions of Section 18 of the 1940 Act) in effect from the time at time or any succeeding provision thereto, whether or not the Company is subject to such provisions of the 1940 Act, but giving effect, in both cases, to any exemption granted to the Company by the Security and Exchange Commission (the “SEC”), and to provide certain financial information to Noteholders and the Trustee if the Company were no longer subject to reporting requirements under the Securities Exchange Act of 1934, as amended, as applies to the Company by the 1940 Act. These covenants are subject to important limitations and exceptions which are set out in the Trust Deed.

The Notes were offered and sold pursuant to the Company’s effective registration statement on Form N-2 (File No. 333-237586) previously filed with the SECOND, as supplemented by a preliminary prospectus supplement dated January 12, 2022, a final prospectus supplement dated January 13, 2022 and the price schedule filed with the SECOND to January 13, 2022. This current report on Form 8-K does not constitute an offer to sell or a solicitation of an offer to buy any securities, and there will be no sale of such securities in any state or jurisdiction in which such offer , solicitation or sale be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. The transaction was closed on January 24, 2022.

The above description is only a summary of the material provisions of the Indenture and the Notes and is qualified in its entirety by reference to copies of the Indenture and the Notes, respectively, each filed as attachments to this current report on Form 8-K and incorporated by reference herein.

Item 2.03. Creation of a direct financial obligation or an obligation under a

           Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Section 9.01. Financial statements and supporting documents.

(d) Exhibits




EXHIBIT
 NUMBER    DESCRIPTION
  4.1        Fifth Supplemental Indenture, dated as of January 24, 2022, relating
           to the 5.375% Notes due 2029, by and between Eagle Point Credit
           Company Inc. and American Stock Transfer & Trust Company, LLC, as
           trustee.
  4.2        Form of 5.375% Notes due 2029 (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).

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