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J.P. Morgan Securities Arranges American Capital’s Amendment of $450MM Facility

February 27, 2014, 07:01 AM
Filed Under: Investment Financing

American Capital, Ltd. has amended its $450 million senior secured term loan credit facility. J.P. Morgan Securities LLC was lead arranger and sole bookrunner on the transaction.

The amendment modifies the credit agreement to:

  • Reduce the interest rate from LIBOR plus 3.00% to LIBOR plus 2.75%;
  • Reduce the LIBOR floor from 1.00% to 0.75%;
  • Extend the maturity of the facility by one year to August 2017.

American Capital, Ltd. 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).

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