First Eagle Alternative Capital BDC, Inc. - FCRD STOCK NEWS

First Eagle Alternative Capital BDC (FCRD) announced its financial results for Q4 and the year ended December 31, 2021. The company reported total assets of $417.8 million and a net asset value per share of $6.34. Investment income rose to $31.4 million, with net investment income at $12.0 million or $0.40 per share. A dividend of $0.10 per share was declared for Q1 2022, payable March 31, 2022. However, the company faced unrealized depreciation of $8.1 million in Q4. As of year-end, 4.4% of the loans were on non-accrual status, indicating potential risks.

First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) will announce its fourth fiscal quarter and year-end financial results for 2021 on March 3, 2022. A conference call to discuss these results and the business outlook is scheduled for March 4, 2022, at 9:30 a.m. ET. Investors can participate by phone or listen live via the company’s website. The company's investment strategy focuses on providing current income and capital appreciation through investments in middle-market companies.

First Eagle Alternative Capital BDC (NASDAQ: FCRD) announced the redemption of its outstanding 6.125% Notes due 2023 at 100% of the principal amount plus accrued interest. The redemption date is confirmed for December 22, 2021, with approximately $0.35 in accrued interest per $25 principal if redeemed on that date. These notes trade under the symbol FCRW on the NYSE. The company focuses on lending to middle market companies and investing in a range of debt and equity securities to achieve income and capital appreciation.

BOSTON, Nov. 23, 2021 – First Eagle Alternative Capital BDC (NASDAQ: FCRD) announced the redemption of all outstanding 6.125% Notes due 2023 at a price of 100% of the principal, plus approximately $0.35 in accrued interest per $25 note. The redemption will occur on December 21, 2021. Investors can present the notes for redemption to U.S. Bank. The company primarily serves middle market firms and focuses on generating income through various types of debt investments.

First Eagle Alternative Capital BDC (NASDAQ: FCRD) announced a public offering of $40 million in 5.00% Notes due 2026, priced around 101% of the principal amount, yielding approximately 4.75%. These Notes, maturing on May 25, 2026, can be redeemed post-May 25, 2023, and aim to help repay certain debts, including the redemption of 6.125% Notes due 2023. The total principal of 5.00% Notes will rise to $109 million. The offering is led by Keefe, Bruyette & Woods, Goldman Sachs, and Oppenheimer & Co., with expected closing on November 22, 2021.

First Eagle Alternative Capital BDC (FCRD) reported Q3 2021 financial results, showcasing total assets of $421.7 million and an investment portfolio valued at $402.0 million. The company declared a dividend of $0.10 per share, consistent with prior periods. Key highlights include total investment income of $8.4 million, an increase from $7.3 million year-over-year, and net investment income of $3.3 million, up from $3.2 million. However, the net increase in net assets from operations decreased to $2.7 million from $15.2 million in Q3 2020 due to lower unrealized gains.

First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) will release its financial results for Q3 2021 on November 4, 2021. A conference call to discuss these results is scheduled for November 5, at 9:30 a.m. ET. The Company focuses on generating income and capital appreciation through investments in middle market companies, primarily by offering first lien senior secured loans. FCRD targets companies with annual EBITDA between $5 million and $25 million and has a diverse investment strategy that includes second lien loans and equity co-investments.

First Eagle Alternative Capital BDC (FCRD) announced its Q2 financial results for 2021, reporting total assets of $415.8 million and an investment portfolio valued at $394.6 million. The company declared a dividend of $0.10 per share, payable on September 30, 2021. Q2 highlights include total investment income of $7.8 million, a net investment income of $2.6 million (up from $1.7 million YoY), and a net increase in net assets from operations of $7.5 million. The weighted average yield on investments was 6.9%. As of June 30, 2021, loans on non-accrual status totaled $15.9 million.

First Eagle Alternative Capital BDC (NASDAQ: FCRD) will report its financial results for Q2 ended June 30, 2021, after market close on August 5, 2021. A conference call to discuss these results and the business outlook is scheduled for August 6, 2021, at 9:30 a.m. ET. Participants can join via telephone or through a live broadcast on the Company’s website. FCRD focuses on generating income and capital appreciation through investments in middle-market companies, primarily through first lien senior secured loans.