American Capital obtains $750 million revolver via Bank of America

By Toni Weeks

San Luis Obispo, Calif., June 30 – American Capital, Ltd. said it arranged a $750 million senior secured revolving credit facility via Bank of America, NA.

The facility, which matures in June 2016, bears interest at Libor plus 160 basis points.

“This new revolving credit facility provides American Capital with greater flexibility and financial capacity to invest in senior secured floating-rate loans, which, if appropriately levered as allowed under the facility, can enhance our net operating income and more effectively use our balance sheet,” chairman and chief executive officer Malon Wilkus said in a press release.

The publicly traded private equity firm and global asset manager is based in Bethesda, Md.

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