Crescent Capital BDC, Inc. (NasdaqGM:CCAP) entered into an Agreement and Plan of Merger to acquire First Eagle Alternative Capital BDC, Inc. (FCRD) for $180.1 million on October 3, 2022. The board of directors of both the parties have unanimously approved the transaction. If the Merger Agreement is terminated by FCRD under certain other circumstances, upon notice by CCAP, FCRD must pay CCAP a termination fee equal to $5.555 million (“FCRD Termination Fee”), minus any amounts that FCRD previously paid to CCAP in the form of expense reimbursement. Similarly, if the Merger Agreement is terminated under certain other circumstances by CCAP, upon notice by FCRD, CCAP must pay FCRD a termination fee equal to $7.142 million. Kirkland & Ellis LLP acted as legal advisor to CCAP and Simpson Thacher & Bartlett LLP acted as legal advisor to FCRD. Nicholas Brady, Allen Laufenberg, Andrew Taylor and Paras Kaushal of Keefe, Bruyette & Woods, Inc. acted as financial advisor to First Eagle Alternative Capital BDC, Inc.

Crescent Capital BDC, Inc. (NasdaqGM:CCAP) completed the acquisition of First Eagle Alternative Capital BDC, Inc. (FCRD) on March 9, 2023.