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American Capital Obtains $500MM From Duetsche Bank

October 31, 2014, 07:39 AM
Filed Under: Investment Financing

American Capital, Ltd. announced the closing of a $500 million senior secured revolving credit facility, provided by Deutsche Bank AG.  The facility, which matures in October 2016, currently bears interest at a rate of LIBOR plus 1.60%.  Certain terms, including the maximum commitment amount, interest rate and term, are subject to adjustment from time to time.

"This new revolving credit facility further expands American Capital's lender base and provides us with incremental financial capacity to invest in senior secured floating rate loans, which, appropriately levered, can enhance our net operating income," said John Erickson, American Capital Chief Financial Officer and President, Structured Finance.

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 $83 billion of total assets under management (including levered assets).

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