American Capital said Wednesday that it plans on offering $350 million in senior notes due 2018. According to the company, the proceeds will be used for “working capital and general corporate purposes” as well as for investments. Headquartered in Bethesda, Maryland, American Capital is a private equity firm and global asset manager.
BETHESDA, Md., Sept. 11, 2013 /PRNewswire/ — American Capital, Ltd. (Nasdaq: ACAS) (“American Capital” or the “Company”) announced today that it intends to offer $350 million aggregate principal amount of Senior Notes due 2018 (the “Notes”). American Capital intends to use the net proceeds of this offering for working capital and general corporate purposes, including to make portfolio investments.
American Capital will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers will offer the Notes only to Qualified Institutional Buyers as permitted under Rule 144A under the Securities Act, or outside the United States to certain persons in reliance on Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and may not be sold in the United States absent registration or an exemption from the registration requirements of the Securities Act.
This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act and does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products. Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) and American Capital Mortgage Investment Corp. (Nasdaq: MTGE)