Daily News: November 3, 2014

Deutsche Bank Provides American Capital with $500MM Revolver

American Capital 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%.

This new revolving credit facility further expands American Capital’s lender base and provides us with incremental financial capacity to invest in senior secured floating rate loans, which, appropriately levered, can enhance our net operating income, said John Erickson, American Capital chief financial officer and president, Structured Finance.