American Capital, Ltd. announced the closing of an increase in commitments on its $750 million senior secured revolving credit facility, provided by Bank of America, N.A, by $500 million to $1.25 billion.  In addition to the increase, the maturity date of the facility was extended by two years to March 2017.  The facility will continue to bear interest at a rate of LIBOR plus 1.60%.

"We are extremely pleased to amend our credit facility with a significant increase from Bank of America," said Michael Sarner, Senior Vice President, Treasury.  "Their confidence in American Capital and backing through additional commitments will support our strategic growth plans."

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 $22 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $86 billion of total assets under management (including levered assets).