American Capital obtains $500 million revolver via Deutsche Bank

By Tali Rackner

Norfolk, Va., Oct. 30 – American Capital, Ltd. established a $500 million secured revolving credit facility under a credit agreement between Deutsche Bank AG as administrative agent and lender and the company’s wholly owned financing subsidiary, ACAS Funding II, LLC, according to an 8-K filing with the Securities and Exchange Commission.

The credit facility matures on Oct. 30, 2016 and currently bears interest at Libor plus 160 basis points.

Borrowings will be used to acquire additional eligible assets and for other permitted uses, the filing said.

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

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