First Eagle Offers Junk Bonds to Fund Diamond Hill Acquisition

Genstar Capital-backed First Eagle Investments is looking to raise $575 million from a junk-bond sale to help fund its acquisition of boutique asset-management firm Diamond Hill Investment Group Inc.

The notes, maturing in 2032, are expected to be priced later this week, according to a person with direct knowledge of the matter. An investor call is scheduled for Monday at 10:30 a.m. Eastern Time, the person added, asking not to be identified because the discussions are private.