Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

On January 13, 2021, Terrence W. Olson, Chief Financial Officer, Chief Operating Officer, Assistant Secretary and Treasurer of First Eagle Alternative Capital BDC, Inc. (the "Company"), notified the Company that he intends to retire on June 30, 2021 from the Company and the Company's investment adviser First Eagle Alternative Credit, LLC (the "Adviser"). A search process has been initiated to identify his replacement.

Item 7.01 Regulation FD Disclosure.

On January 20, 2021, the Company issued a press release, included herewith as Exhibit 99.1, announcing Terrence W. Olson's intent to retire from the Company and the Adviser effective June 30, 2021 and the Company's search for his replacement.

The information disclosed under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.



             Exhibit No.   Description

             99.1            Press Release, dated January 20, 2021




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