Business development company (BDC) First Eagle Alternative Capital BDC (FCRD) will be selling a new baby bond issue and will be using part of the proceeds to call another baby bond that is outstanding.
The company will call their 6.75% baby bonds (FCRZ) which have been redeemable since 2018 and have a maturity date of 12/30/2022.
The company has one other 6.125% baby bond outstanding which can be seen here.
The new issue will be and will have a maturity in 2026.
J was on top of this one.