FCRD - First Eagle Alternative Capital to raise additional $40M in notes offering

First Eagle Alternative Capital BDC (FCRD +0.4%) issues additional $40M principal amount of notes in 2026 series, at 5% interest payable quarterly. The notes are priced at 101% of principal amount, resulting in a yield-to-maturity of approximately 4.75%. Offering is expected to close on November 22, 2021. Earlier, the company raised $60M in the same series of notes offering. Take a look at the company's latest financial results, beating NII estimates by $0.01.

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First Eagle Alternative Capital to raise additional $40M in notes offering