Crescent Capital BDC to acquire First Eagle Alternative Capital BDC in stock/cash deal

Crescent Capital BDC, Inc.

Combined company expected to have ~$1.6B of investments on a pro forma basis.
FCRD holders receive CCAP shares valued at 100% of CCAP NAV, up to 19.99% cap, plus cash for any excess.
Additional $35M cash payment from Crescent Cap Advisors to FCRD stockholders, ~$1.17/share.
Transaction expected to close as early as Q4 2022, subject to FCRD stockholder approval.
Sun Life Assurance of Canada committed to $20M of CCAP common stock via share purchase program.

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