Daily News: February 27, 2014

J.P. Morgan Arranges American Capital $450MM Amendment

American Capital announced it amended its $450 million senior secured term loan credit facility. J.P. Morgan Securities acted as lead arranger and sole bookrunner on the transaction.

The amendment modifies the credit agreement to: reduce the interest rate from LIBOR plus 3.00% to LIBOR plus 2.75%, reduce the LIBOR floor from 1.00% to 0.75% and extend the maturity of the facility by one year to August 2017.