Chris Flynn, president of First Eagle Alternative Credit, plans to leave the firm in early 2025. Effective immediately, Flynn will share the title of co-president with Jim Fellows, the firm’s chief investment officer.
First Eagle Alternative Credit, the $21 billion alternative credit platform of First Eagle Investments, agented a term loan to Rachel Zoe Creations, a global fashion and lifestyle brand, in partnership with Gordon Brothers. Terms of the transaction were not disclosed.
First Eagle Alternative Credit, a $21 billion alternative credit platform of First Eagle Investments, agented a $30 million FILO term loan to West Marine, an omnichannel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets in the United States to support the execution of the company’s business strategy.
First Eagle Alternative Credit, the $21 billion credit platform of First Eagle Investments, closed its fifth direct lending fund at more than $1 billion in total available capital, including leverage.
First Eagle Alternative Credit, the alternative credit platform of First Eagle Investments, provided a $20 million term loan to Nicole Miller, a global fashion and lifestyle brand.
Jessica Simpson and her business partner/mother, Tina Simpson, repurchased and now fully own the Jessica Simpson Collection. Jessica Simpson and Tina Simpson self-financed the purchase, with First Eagle Alternative Credit and WhiteHawk Capital providing additional funds.
First Eagle Alternative Credit (FEAC), an alternative credit manager, appointed Edward Giordano as chief financial officer overseeing FEAC’s finance, accounting and operations functions. He succeeds Terry Olson, who retired on June 30, 2021.
BHI and First Eagle Alternative Credit refinanced Xcel Brands’ existing credit facility with a $25 million term loan as well as an additional $25 million for acquisitions. First Eagle Alternative Credit also provided an additional $50 million acquisition facility.
Terry Olson, COO and CFO of First Eagle Alternative, will retire on June 30, 2021. The company will seek a replacement CFO to transition Olson’s operating responsibilities.
First Eagle Investment Management launched First Eagle Credit Opportunities Fund, a multi-sector portfolio investing primarily in private and public credit assets, including direct lending, middle market “club” loans, syndicated bank loans and high yield bonds.