ClearBridge Energy MLP Fund Inc. Announces Refinancing

ClearBridge Energy MLP Fund Inc.

announced today it completed a private placement of $267 million of fixed-rate senior secured notes on July 12, 2012. Net proceeds from the offering will be used to repay outstanding borrowings on a floating rate line of credit, make new portfolio investments, and for general corporate purposes. After the private placement, the Fund's total leverage is $477 million or 22%, comprised of 56% in fixed-rate securities and 44% in floating rate financing.