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

On May 18, 2021, First Eagle Alternative Capital BDC (NASDAQ: FCRD) priced a public offering of $60 million in 5.00% Notes due 2026, maturing on May 25, 2026. The notes will pay interest quarterly starting September 30, 2021. The company plans to use the proceeds to repay existing debts, including redeeming 6.75% Notes due 2022 and reducing its revolving credit facility obligations. The offering is under its effective shelf registration statement, with expected listing on NYSE under the symbol 'FCRX'. The offering's closing is contingent on customary conditions.

First Eagle Alternative Capital BDC (FCRD) announced its Q1 2021 financial results, reporting total assets of $386.3 million and a net asset value per share of $6.37. The company generated total investment income of $7.2 million, with net investment income rising to $3.3 million ($0.11 per share), an increase from $2.7 million in Q1 2020. The board declared a dividend of $0.10 per share, to be paid on June 30, 2021. The portfolio's fair value stands at $363 million, with a weighted average yield of 7.0%. There were net realized losses of $3.1 million, while unrealized appreciation increased by $9.7 million.

First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) will release its financial results for Q1 fiscal 2021 on May 6, 2021, after market close. A conference call is scheduled for May 7, 2021, at 9:30 a.m. ET to discuss these results and provide a business outlook. The company focuses on generating income and capital appreciation mainly through investments in middle market companies, targeting those with annual EBITDA between $5 million and $25 million. The firm is headquartered in Boston with teams in major cities across the U.S.

First Eagle Alternative Capital BDC (FCRD) reported financial results for Q4 and full-year 2020, highlighting total assets of $356.4 million and a net asset value per share of $6.15. The company declared a dividend of $0.10 per share for Q1 2021, payable on March 31, 2021. Investment income decreased to $29.8 million for the year, primarily due to a smaller investment portfolio and lower LIBOR rates. For 2020, net investment income was $10.8 million, down from $27.4 million in 2019. The company faced a net decrease in net assets of $36.7 million, impacted by realized and unrealized losses on investments.

First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) will report its financial results for Q4 and fiscal year ending December 31, 2020, after the market closes on March 4, 2021. Following the results, a conference call will be held on March 5, 2021, at 9:30 a.m. ET to discuss the outcomes and business outlook. Investors can participate via phone or listen to the live broadcast on the company’s website. First Eagle focuses on investments in middle market companies, primarily through secured loans and equity securities.

First Eagle Alternative Credit announced the retirement of COO and CFO Terry Olson, effective June 30, 2021. Olson, who joined the firm in 2008, was instrumental in its growth and strategic initiatives. The company will initiate a search for his replacement and manage a transition of his responsibilities. Chris Flynn, President of First Eagle Alternative Credit, expressed gratitude for Olson's contributions. First Eagle Alternative Credit, part of First Eagle Investment Management, specializes in alternative credit investments.

First Eagle Alternative Capital BDC (NASDAQ: FCRD) reported financial results for Q3 2020, with total assets of $366.6 million and a net asset value per share of $6.25. The company declared a dividend of $0.10 per share, payable on December 31, 2020. Key metrics include total investment income of $7.3 million, down from $12.8 million YoY, and net investment income of $3.2 million ($0.10 per share). The investment portfolio decreased in fair value to $343.4 million due to realized losses of $17.5 million attributed to OEM Group, LLC. As of September 30, 2020, the weighted average yield on investments was 7.0%.

First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) announced that its financial results for Q3 ending September 30, 2020, will be available after market close on November 4, 2020. A conference call to discuss these results is scheduled for November 5, 2020, at 9:30 a.m. ET. Investors can participate via telephone or through a live broadcast on the Company’s website. The Company focuses on generating income and capital appreciation through investments in middle market companies, primarily through senior secured loans.

First Eagle Alternative Capital BDC, formerly known as THL Credit, reported its second fiscal quarter results for the period ending June 30, 2020. The company's net asset value per share increased by 6% to $5.54, driven by improved market conditions and performance visibility. However, net investment income per share fell to $0.05, down from $0.28 year-over-year, largely due to a smaller investment portfolio and lower income. A dividend of $0.10 per share was declared, payable on September 30, 2020. The company maintained a strong liquidity position with $33 million in cash and $178.3 million in outstanding borrowings.