Fitch Ratings has revised the Rating Watch for American Capital, Ltd.'s (ACAS; 'BB-') to Positive from Negative following ACAS's announced sale to Ares Capital Corporation (ARCC; 'BBB', Outlook Stable) for approximately $3.43 billion. Approximately...
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May 24, 2016, 07:12 AM
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Depressed share price valuations and governance concerns have ignited shareholder activism campaigns against three business development companies (BDCs) over the last several months, including two rated by Fitch Ratings. Fitch believes the heightened...
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November 25, 2015, 07:53 AM
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American Capital, Ltd. has closed American Capital CLO Fund I, LP ("American Capital CLO Fund I" or the "Fund"), its new $450 million fund focused on investing in equity tranches of collateralized loan obligations ("CLOs"). The transaction further...
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November 04, 2015, 07:15 AM
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American Capita has invested $21.5 million in Electronic Warfare Associates, Inc., a leading provider of electronic warfare, cyber security and advanced commercial test tool systems and solutions to the United States and allied-nation government...
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May 13, 2015, 07:18 AM
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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...
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March 09, 2015, 08:02 AM
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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...
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October 31, 2014, 07:39 AM
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European Capital Limited and certain affiliates have completed a £113.5 million refinancing of their portfolio company, Hillarys, the UK's leading made-to-measure supplier of domestic window coverings, and have used the proceeds, together with a...
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August 04, 2014, 07:39 AM
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American Capital, Ltd. announced the closing of a $750 million senior secured revolving credit facility, provided by Bank of America, N.A. The facility, which matures in June 2016, bears interest at a rate of LIBOR plus 1.60%."This new revolving...
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July 01, 2014, 07:03 AM
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American Capital, Ltd. announced it has entered into definitive agreements with a group of investors to establish American Capital Equity III, LP ("ACE III"), a new private equity fund focused on investing in companies in the lower middle market.The...
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May 08, 2014, 07:19 AM
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American Capital, Ltd. is launching a refinancing of its $450 million senior secured credit facility. The proposed refinancing is expected to include changes to the pricing terms of the existing credit facility to reflect more favorable current...
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February 11, 2014, 07:17 AM
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American Capital announced its Special Situations Group has led the American Capital One Stop Buyout of Service Experts, LLC, a leading provider of sales, installation, maintenance and repair of HVAC systems for the residential and light commercial...
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March 26, 2013, 07:28 AM
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American Capital announced that in December 2012, it committed $89 million in the One Stop Buyout® of ASAP Industries, in a transaction led by Kevin W. Kuykendall , former Managing Director of the American Capital Energy Group, and Miles Arnone , an...
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February 11, 2013, 07:29 AM
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