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( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 . For the fiscal year ended December 31 , 2020 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , DC 20549 FORM 10 - K TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 . For the transition period from Large accelerated filer Non - Accelerated filer Delaware ( State or Other Jurisdiction of Incorporation or Organization ) FIRST EAGLE ALTERNATIVE CAPITAL BDC , INC . ( Exact Name of Registrant as Specified in Its Charter ) 500 Boylston St. , Suite 1200 , Boston , MA ( Address of Principal Executive Offices ) Title of Each Class Common Stock , par value $ 0.001 per share 6.75 % Senior Notes due 2022 6.125 % Senior Notes due 2023 to Commission file number 814-00789 L X Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities period that the Registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes Registrant's Telephone Number , Including Area Code : 800-450-4424 Securities registered pursuant to 12 ( b ) of the Act : Trading Symbols FCRD FCRZ FCRW 27-0344947 ( I.R.S. Employer Identification No. ) 02116 ( Zip Code ) Name of Each Exchange on Which Registered NASDAQ Global Select Market The New York Stock Exchange The New York Stock Exchange No 风 No 冈 Exchange Act of 1934 during the preceding 12 months ( or for such shorter No □ Indicate by check mark whether the registrant has submitted electronically , every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Accelerated filer Smaller reporting company Emerging growth company ooo If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Securities Exchange Act of 1934 ) . Yes No 区 The aggregate market value of common stock held by non - affiliates of the Registrant as of the last business day of the Registrant's most recently completed second fiscal quarter was approximately $ 114.4 million based on the closing price on that date of $ 3.24 on the NASDAQ Global Select Market . For the purposes of calculating this amount only , all directors and executive officers of the Registrant have been treated as affiliates . As of March 3 , 2021 , there were 30,109,384 shares of the Registrant's common stock outstanding . Documents Incorporated by Reference Portions of the Registrant's definitive Proxy Statement relating to its 2020 Annual Meeting of Stockholders , to be filed pursuant to Regulation 14A with the Securities and Exchange Commission , are incorporated by reference into Part III of this Annual Report on Form 10 - K as indicated herein .