THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million and annual EBITDA between $5 million and $25 million. The fund prefers to be a lead or sole investor in a transaction.
IPO Year: 2010
Exchange: NASDAQ
Website: thlcredit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2021 | $5.00 | Perform | Oppenheimer |
Oppenheimer initiated coverage of First Eagle Alternative with a rating of Perform and set a new price target of $5.00
Maxim Group resumed coverage of First Eagle Alternative Capital BDC with a rating of Hold
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LOS ANGELES, May 10, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ:CCAP) today reported net investment income of $17.5 million, or $0.54 per share, for the quarter ended March 31, 2023. Reported net asset value per share was $19.38 at March 31, 2023. On March 9, 2023, the Company completed its previously announced acquisition of First Eagle Alternative Capital BDC, Inc. ("First Eagle BDC") (NASDAQ:FCRD). The Company announced that its Board of Directors declared a regular cash dividend for the second quarter of 2023 of $0.41 per share, which will be paid on July 17, 2023 to stockholders of record as of the close of business on June 30,
BOSTON, Nov. 08, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its third fiscal quarter ended September 30, 2022. Additionally, the Company announced that its Board of Directors (the "Board") has declared a fourth fiscal quarter 2022 dividend of $0.11 per share payable on December 30, 2022, to stockholders of record as of December 15, 2022. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of September 30, 2022 Total assets$380.2 Investment portfolio, at fair value$363.2 Net assets$153.9 Ne
BOSTON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) (the "Company") today announced that it will report its financial results for the third fiscal quarter ended September 30, 2022, after the market closes on Tuesday, November 8, 2022. The Company will host a conference call to discuss these results and its business outlook on Wednesday, November 9, 2022, at 9:30 a.m. Eastern Time. For those wishing to participate by telephone, please register here. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.feacbdc.com. Starting approximately two hours after the conclusion of the call, a re
LOS ANGELES and BOSTON, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or the "Company") (NASDAQ:CCAP) and First Eagle Alternative Capital BDC, Inc. ("First Eagle BDC") (NASDAQ:FCRD) announced today that they have entered into a definitive merger agreement (the "Merger Agreement") under which Crescent BDC will acquire First Eagle BDC (the "Transaction"). The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group ("Crescent"), is expected to have approximately $1.6 billion of investments on a pro forma basis. The boards of directors of both companies, the independent directors of First Eagle
BOSTON, Aug. 09, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its second fiscal quarter ended June 30, 2022. Additionally, the Company announced that its Board of Directors (the "Board") has declared a third fiscal quarter 2022 dividend of $0.11 per share payable on September 30, 2022, to stockholders of record as of September 15, 2022. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of June 30, 2022 Total assets$386.1 Investment portfolio, at fair value$366.8 Net assets$158.7 Net asset v
BOSTON, July 11, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) (the "Company") today announced that it will report its financial results for the second fiscal quarter ended June 30, 2022, after the market closes on Tuesday, August 9, 2022. The Company will host a conference call to discuss these results and its business outlook on Wednesday, August 10, 2022, at 9:30 a.m. Eastern Time. For those wishing to participate by telephone, please register here. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.feacbdc.com. Starting approximately two hours after the conclusion of the call, a replay
BOSTON, May 09, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its first fiscal quarter ended March 31, 2022. Additionally, the Company announced that its Board of Directors (the "Board") has declared a second fiscal quarter 2022 dividend of $0.10 per share payable on June 30, 2022, to stockholders of record as of June 15, 2022. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of March 31, 2022 Total assets$418.3 Investment portfolio, at fair value$400.7 Net assets$183.3 Net asset va
BOSTON, April 19, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or, the "Company") is pleased to announce First Eagle Logan JV, LLC ("Logan JV"), a joint venture with the Company and Perspecta Trident LLC, an affiliate of Jordan Park, closed on LJV I MM CLO LLC (the "CLO"), a $300.6 million CLO with a 3-year reinvestment period. "The closing of this CLO provides a more efficient and flexible source of leverage for the Logan JV," said Chris Flynn, President of First Eagle Alternative Credit, LLC (the "Adviser"). "We anticipate this will help enhance returns for the Company and Logan JV, while also affording the BDC t
BOSTON, April 06, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) (the "Company") today announced that it will report its financial results for the first fiscal quarter ended March 31, 2022, after the market closes on Monday, May 9, 2022. The Company will host a conference call to discuss these results and its business outlook on Tuesday, May 10, 2022, at 9:30 a.m. Eastern Time. For those wishing to participate by telephone, please dial (877) 375-9141 (domestic) or (253) 237-1151 (international) and use passcode 4368367. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.feacbdc.com. Starting a
BOSTON, March 14, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or, the "Company") today announced that in keeping with its strategic initiatives, the Company and its joint venture partner refinanced the capital structure at First Eagle Logan JV, LLC ("Logan JV") into a middle market CLO arranged by Deutche Bank Securities Inc., and the Company amended its credit facility provided by ING Capital LLC. The pricing of the CLO and the amendment of the Company's Senior Secured Revolving Credit Agreement occurred on March 10, 2022, and March 11, 2022, respectively. "FCRD has been focused on reducing expenses to help drive
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LOS ANGELES, May 10, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ:CCAP) today reported net investment income of $17.5 million, or $0.54 per share, for the quarter ended March 31, 2023. Reported net asset value per share was $19.38 at March 31, 2023. On March 9, 2023, the Company completed its previously announced acquisition of First Eagle Alternative Capital BDC, Inc. ("First Eagle BDC") (NASDAQ:FCRD). The Company announced that its Board of Directors declared a regular cash dividend for the second quarter of 2023 of $0.41 per share, which will be paid on July 17, 2023 to stockholders of record as of the close of business on June 30,
LOS ANGELES, March 09, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC") (NASDAQ:CCAP) announced today the closing of the previously announced merger with First Eagle Alternative Capital BDC, Inc. ("First Eagle BDC") (NASDAQ:FCRD). The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group ("Crescent"), has more than $1.6 billion of assets on a pro forma basis based on December 31, 2022 financial information. Based on the merger exchange ratio, First Eagle BDC stockholders will receive the following, subject to previously disclosed election mechanics, in exchange for each share of First Eagle BDC comm
First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("FCRD") and Crescent Capital BDC, Inc. (NASDAQ:CCAP) ("CCAP") today announced that the deadline (the "Election Deadline") for FCRD's stockholders of record to elect to receive cash consideration in lieu of shares of CCAP common stock in connection with the pending merger of CCAP and FCRD (the "Merger") is 5:00 p.m., Eastern Time, on March 2, 2023. The Election Deadline is based on CCAP's and FCRD's expectation that FCRD's special meeting of stockholders to approve matters relating to the Merger will be held as scheduled on March 7, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/n
BOSTON, Nov. 08, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its third fiscal quarter ended September 30, 2022. Additionally, the Company announced that its Board of Directors (the "Board") has declared a fourth fiscal quarter 2022 dividend of $0.11 per share payable on December 30, 2022, to stockholders of record as of December 15, 2022. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of September 30, 2022 Total assets$380.2 Investment portfolio, at fair value$363.2 Net assets$153.9 Ne
BOSTON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) (the "Company") today announced that it will report its financial results for the third fiscal quarter ended September 30, 2022, after the market closes on Tuesday, November 8, 2022. The Company will host a conference call to discuss these results and its business outlook on Wednesday, November 9, 2022, at 9:30 a.m. Eastern Time. For those wishing to participate by telephone, please register here. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.feacbdc.com. Starting approximately two hours after the conclusion of the call, a re
LOS ANGELES and BOSTON, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or the "Company") (NASDAQ:CCAP) and First Eagle Alternative Capital BDC, Inc. ("First Eagle BDC") (NASDAQ:FCRD) announced today that they have entered into a definitive merger agreement (the "Merger Agreement") under which Crescent BDC will acquire First Eagle BDC (the "Transaction"). The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group ("Crescent"), is expected to have approximately $1.6 billion of investments on a pro forma basis. The boards of directors of both companies, the independent directors of First Eagle
BOSTON, Aug. 09, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its second fiscal quarter ended June 30, 2022. Additionally, the Company announced that its Board of Directors (the "Board") has declared a third fiscal quarter 2022 dividend of $0.11 per share payable on September 30, 2022, to stockholders of record as of September 15, 2022. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of June 30, 2022 Total assets$386.1 Investment portfolio, at fair value$366.8 Net assets$158.7 Net asset v
BOSTON, July 27, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Credit ("FEAC" or "the Firm"), the $21 billion credit platform of First Eagle Investments, today announced the close of its fifth direct lending fund at over $1 billion in total available capital, including leverage (the "Direct Lending Fund V"). In the past 12 months, the Firm has created over $2.2 billion in available capital to support its robust direct lending origination business through two middle market CLOs, an interval fund, and separate accounts in addition to the Direct Lending Fund V. "Direct lending is a vital financing strategy for middle market businesses and their backing sponsors," said Chris Flynn, Preside
BOSTON, July 11, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) (the "Company") today announced that it will report its financial results for the second fiscal quarter ended June 30, 2022, after the market closes on Tuesday, August 9, 2022. The Company will host a conference call to discuss these results and its business outlook on Wednesday, August 10, 2022, at 9:30 a.m. Eastern Time. For those wishing to participate by telephone, please register here. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.feacbdc.com. Starting approximately two hours after the conclusion of the call, a replay
BOSTON, May 09, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) ("First Eagle Alternative Capital BDC" or the "Company"), a direct lender to middle market companies, today announced financial results for its first fiscal quarter ended March 31, 2022. Additionally, the Company announced that its Board of Directors (the "Board") has declared a second fiscal quarter 2022 dividend of $0.10 per share payable on June 30, 2022, to stockholders of record as of June 15, 2022. HIGHLIGHTS ($ in millions, except per share amounts) Portfolio resultsAs of March 31, 2022 Total assets$418.3 Investment portfolio, at fair value$400.7 Net assets$183.3 Net asset va
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Upgrades Jefferies upgraded the previous rating for Roblox Corp (NYSE:RBLX) from Hold to Buy. In the fourth quarter, Roblox showed an EPS of $0.48, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $53.88 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $39.94. According to Piper Sandler, the prior rating for Ameresco Inc (NYSE:AMRC) was changed from Neutral to Overweight. In the fourth quarter, Ameresco showed an EPS of $0.35, compared to $0.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $86.73 and a 52-week-low of $40.73. Ameresco closed at $44.51 at the end of the last trading period. Piper
Keefe, Bruyette & Woods analyst Ryan Lynch downgrades First Eagle Alternative (NASDAQ:FCRD)
First Eagle Alternative (NASDAQ:FCRD) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.11 by 18.18 percent. This is a 18.18 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $8.88 million which beat the analyst consensus estimate of $8.69 million by 2.17 percent. This is a 6.20 percent increase over sales of $8.36 million the same period last year.
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Under the terms of the Merger Agreement, First Eagle BDC stockholders are expected to receive a combination of (i) Crescent BDC shares valued at 100% of Crescent BDC's net asset value per share at the time of closing of the transaction in an aggregate number equal to First Eagle BDC's net asset value at closing, up to a maximum of 19.99% of outstanding Crescent BDC shares at the time of the closing ("Share Issuance Cap"); (ii) cash from Crescent BDC for any amounts not paid in Crescent BDC shares due to the Share Issuance Cap; and (iii) an additional cash payment from Crescent Cap Advisors, LLC of $35 million in aggregate, or approximately $1.17 per share of First Eagle BDC stock. The exchan
Monday saw 825 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Mobilicom (NASDAQ:MOB). Color Star Technology (NASDAQ:CSCW) shares dropped the most, trading down 3070.81% to reach its new 52-week low. Skillsoft (NYSE:SKIL) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. On Monday, the following stocks hit new 52-week lows: Visa (NYSE:V) shares made a new 52-week low of $181.63 on Monday. The stock was down 0.94% for the day. Oracle (NY