NEWS
FOR IMMEDIATE RELEASE:
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EUROPEAN CAPITAL COMMITTED DEBT FACILITIES* |
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TOTAL COMMITMENT |
Multicurrency Secured RLOC |
€580,000,000 |
Secured Term Notes |
€267,000,000 |
Multicurrency Unsecured RLOC |
€100,000,000 |
Multicurrency Unsecured RLOC |
$650,000,000 |
Unsecured Private Placements |
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March 2007 |
$37,500,000 |
January 2007 |
$37,500,000 |
December 2006 |
€52,000,000 |
TOTAL COMMITTED DEBT FACILITIES** |
€1,562,895,154 |
*As of 07 November 2008.
**US Dollar facilities converted to Euros at 05 November 2008 exchange rate.
European Capital has invested approximately €3.3 billion in 89 companies since its formation in August of 2005. For more information about European Capital's portfolio, click here.
ABOUT EUROPEAN CAPITAL
European Capital is a publicly traded investment company for pan-European equity, mezzanine and senior debt investments with capital resources of approximately €2.7 billion ($3.5 billion). It is managed by European Capital Financial Services (Guernsey) Limited ("ECFSG" or "the Investment Manager"), a wholly-owned affiliate of American Capital, Ltd ("American Capital").
European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and public companies headquartered predominantly in Europe. European Capital generally invests between €5 million and €500 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.
The investment objective of European Capital is to provide investors with dividend income and the potential for share value appreciation by investing in debt and equity investments in private and public companies headquartered primarily in Europe. European Capital seeks to achieve this through pursuing the following types of investments:
European Capital One Stop Buyouts™
Through our One Stop Buyouts™, European Capital provides equity, mezzanine debt and senior debt as the lead investor in the buyout of private and public companies.
Mezzanine Direct with Sponsors
European Capital provides one stop financing of subordinated debt and equity for buyouts sponsored by private equity firms where European Capital is either the sole or lead mezzanine debt investor.
Syndicated Mezzanine and Senior Debt
European Capital provides mezzanine financing for buyouts sponsored by private equity firms where European Capital is neither the sole nor lead mezzanine or senior debt investor.
Direct Investments
European Capital provides subordinated debt and equity financing directly to private and public companies, which is used for growth, acquisitions or recapitalizations, and investing in structured finance vehicles.
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, Nathalie Faure Beaulieu at + 44 (0)20 7539 7000 in London, Robert von Finckenstein at +49 (0) 69 71 71 297-0 in Frankfurt, or Luis Felipe Castellanos at +(34) 91 423 27 60 in Madrid, or visit the website at www.EuropeanCapital.com.
ABOUT AMERICAN CAPITAL
American Capital (Nasdaq: ACAS), with $17 billion in capital resources under management, is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital, both directly and through its global asset management business, originates, underwrites and manages investments in private equity, leveraged finance, real estate and structured products. American Capital and its affiliates invest from $5 million to $800 million per company in North America and €5 million to €500 million per company in Europe. American Capital was founded in 1986 and currently has 13 offices in the U.S., Europe and Asia. For further information, please refer to www.AmericanCapital.com
This press release contains forward-looking statements. The statements regarding expected results of European Capital and/or 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 European Capital and/or American Capital has made investments.
EUROPEAN CAPITAL FINANCIAL SERVICES, LTD. |
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| London 25 Bedford Street London WC2E 9ES United Kingdom +44 (0)207 539 7000 +44 (0)207 539 7041 fax |
Frankfurt Branch Taunusanlage 18 60325 Frankfurt am Main Germany ++ 49 69 7171 297-0 ++ 49 69 7171 297-30 fax |
Madrid Branch Velázquez, 47, 7° 28001 Madrid Spain +34 (91) 423 27 60 +34 (91) 423 27 70 fax |
| Paris Branch 112 avenue Kléber 75784 Paris cedex 16 France +33 (0)1 40 68 06 66 +33 (0)1 40 68 06 88 FAX |
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