First Eagle sets price for Dec. 22 redemption of 6 1/8% notes

By William Gullotti

Buffalo, N.Y., Nov. 23 – First Eagle Alternative Capital BDC, Inc. will redeem its 6 1/8% notes due Oct. 30, 2023 (Cusip: 26943B209) on Dec. 22 at par plus interest, according to an amended 8-K filing with the Securities and Exchange Commission.

As previously reported, all $51,607,250 of the aggregate principal amount outstanding will be redeemed.

According to the filing, the notes will be redeemed at their par value of $25 per note plus about $0.35 per note of accrued interest calculated up to but excluding the redemption date.

U.S. Bank NA is the trustee.

First Eagle, formerly known as THL Credit, is a Boston-based business development company.

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