The Company announced that it will redeem all of the aggregate principal amount of the outstanding 6.75% notes due 2031 (NYSE: ECCW) and 6.6875% notes due 2028 (NYSE: ECCX) (collectively, the “Notes”) on May 8, 2026 (the “Redemption Date”), following which the Notes will be delisted from the New York Stock Exchange. The redemption price of the Notes will be $25.00, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
The Notes are held in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. The redemption price will be paid by the Company to DTC through its redemption and paying agent, Equiniti Trust Company, LLC. Once redeemed, the Notes will no longer be deemed outstanding, interest will cease to accumulate and all the rights of the holders of the Notes will cease, except the right to receive the applicable redemption price. As of 2026-04-06, the Fund’s leverage was 50.7% and Collateralized Loan Obligation Group leverage was 35.1%.
