BN003644 28 de fevereiro de 2006 17:52 HORALOCAL
LUXEMBOURG, Feb. 28 /PRNewswire-FirstCall/ -- European Capital,
SA SICAR ("European Capital") announced today that it has obtained
commitments from affiliates of Wachovia Bank, NA and Harris Nesbitt
Corp. for a euro 400 million multi-currency revolving credit
facility, denominated in Euros, Pounds Sterling and U.S. Dollars. The
ability to make draws under the facility expires in February 2008,
unless the facility is extended prior to such date for an additional
one or two years. Interest on borrowings under the facility is
charged at either the applicable base rate, EURIBOR or LIBOR, plus 110
basis points. The facility is secured by investments made by
European Capital and has a variable advance rate. At closing, European
Capital borrowed euro 111 million under the facility to repay
intercompany debts to its affiliate, American Capital, associated
with the formation of European Capital.
European Capital has invested approximately euro 300 million ($356
million) in 14 companies since its formation in August of 2005. For
more information about European Capital's portfolio, go to
http://www.EuropeanCapital.com .
"We are pleased to announce the establishment of European Capital's
first external credit facility, an expression of our lenders'
confidence in us and our future," said Malon Wilkus, European Capital
Chairman of the Board of Directors. "With this facility, European
Capital has one of the lowest costs of capital in the industry,
giving us a powerful competitive advantage. Together with our ability
to provide senior debt, mezzanine debt and equity and One Stop
Buyouts(TM), European Capital is in an excellent position to invest
in the very best European companies."
"We are excited about European Capital's new working relationship
with Wachovia and Harris Nesbitt, both of whom have been very
supportive of American Capital," said Tom McHale, American Capital
Senior Vice President, Finance. "We look forward to continuing our
long-term relationship with them as we meet our capital needs in the
most cost-effective manner."
ABOUT EUROPEAN CAPITAL
European Capital is a buyout and mezzanine fund with capital
resources of euro 1.1 billion ($1.3 billion). European Capital invests
in and sponsors management and employee buyouts, invests in private
equity buyouts and provides capital directly to private and mid-sized
public companies. European Capital invests from euro 5 million to
euro 125 million per transaction in equity, mezzanine debt and senior
debt to fund growth, acquisitions and recapitalizations.
Companies interested in learning more about European Capital's
flexible financing should contact Jean Eichenlaub at + 33 (0)1 40 68
06 66 in Paris, Simon Henderson or Nathalie Faure Beaulieu at + 44
(0)207 539 7000 in London, or visit the website at
http://www.EuropeanCapital.com .
ABOUT AMERICAN CAPITAL
American Capital (Nasdaq: ACAS) is a publicly traded buyout and
mezzanine fund with capital resources of approximately $7 billion.
American Capital invests in and sponsors management and employee
buyouts, invests in private equity buyouts, provides capital directly
to early stage and mature private and small public companies and
through its asset management business is a manager of debt and equity
investments in private companies and commercial loan obligations.
American Capital provides senior debt, mezzanine debt and equity to
fund growth, acquisitions, recapitalizations and securitizations.
American Capital invests up to $300 million per transaction.
This press release contains forward-looking statements. The
statements regarding expected results of American Capital are subject
to various factors and uncertainties, including the uncertainties
associated with the timing of transaction closings, changes in
interest rates, availability of transactions, changes in regional,
national or international economic conditions, or changes in the
conditions of the industries in which American Capital has made
investments.
SOURCE European Capital
02/28/2006
CONTACT: John Erickson, Director, +1-301-951-6122, or Juan Carlos
Morales Cortes, Finance Director, +44 (0) 207 539 7000, or Brian
Maney, Corporate Communications, +1-301-951-6122, all of European
Capital
Web site: http://www.americancapital.com
http://www.EuropeanCapital.com
(ACAS)
BNED: NG
FONTE: PR NEWSWIRE LATIN AMERICA
CORAL GABLES - MIAMI-US
CONTATOS: USA-MARY D'LEON
BRASIL-NÉLIA GARCIA
TELS: USA:1-305-507-2550/BRASIL:55-21-2132-8461
FAXES: USA:1-305-461-8670/BRASIL:55-21-2132-8469
E-MAILS: nelia_garcia@prnewswire.com.br mary_dleon@prnewswire.com
PALAVRA-CHAVE: RJ
PALAVRA-CHAVE/RAMO DE ATIVIDADE: INVESTIMENTO
PALAVRA-CHAVE/EMPRESA: EUROPEAN CAPITAL
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