American Capital Closes Over $2.4 Billion in New and Extended Credit Facilities
American Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today that in 2012 the American Capital Syndications Group was successful in closing over $2.4 billion in new and extended credit facilities for 19 of its portfolio companies. The financings helped to facilitate a variety of transactions including four dividend recaps, three add-on acquisitions for existing portfolio companies, eleven refinancings and maturity extensions and one new One Stop Buyout®. Throughout the year American Capital and its affiliates received approximately $890 million in debt and equity proceeds as a result of these transactions. These credit facilities were ultimately syndicated to approximately 80 separate lending institutions, including longstanding lending relationships of American Capital.
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