American Capital to refinance $450 mln loan

American Capital said Tuesday that it will refinance its $450 million credit facility. JP Morgan Securities will serve as lead arranger and bookrunner on the transaction. Headquartered in Bethesda, Maryland, American Capital is a private equity firm and global asset manager.

PRESS RELEASE

BETHESDA, Md., Feb. 11, 2014 /PRNewswire/ — American Capital, Ltd. (Nasdaq: ACAS) (“American Capital” or the “Company”) announced today that it is launching a refinancing of its $450 million senior secured credit facility. The proposed refinancing is expected to include changes to the pricing terms of the existing credit facility to reflect more favorable current market pricing, a one year maturity date extension and a six month extension of the call protection period for lenders from the effective date. Further details of the proposed refinancing will be presented to potential participants on a lender conference call to be held on February 12, 2014.

The entry into the refinancing will be contingent upon, among other things, a successful syndication and the satisfaction of conditions precedent to the definitive documentation. The terms of the refinancing could be materially different than described above and no assurances can be given that the refinancing will be consummated.

J.P. Morgan Securities LLC will be lead arranger and sole bookrunner on the transaction.

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. American Capital manages $19 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $93 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with approximately $9 billion of net book value, American Capital Mortgage Investment Corp. (Nasdaq: MTGE) with approximately $1 billion of net book value and American Capital Senior Floating, Ltd. (Nasdaq: ACSF). From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. For further information, please refer to www.AmericanCapital.com.