ACAS American Capital, Ltd.

BETHESDA, Md., Nov. 25, 2014 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today that an affiliate, ACAS CLO 2014-2, Ltd. ("ACAS CLO 2014-2"), has closed on the sale of $411 million of collateralized loan obligation ("CLO") bonds.  The transaction was arranged by Wells Fargo Securities, LLC.  ACAS CLO 2014-2 is externally managed by American Capital CLO Management, LLC, which is a subsidiary of American Capital Asset Management, LLC, a wholly-owned portfolio company of American Capital, for an annual management fee of 50 basis points on total assets.

ACAS CLO 2014-2 has invested the proceeds of the bonds primarily in broadly syndicated senior secured floating rate loans purchased in the primary and secondary markets.  American Capital Asset Management now manages approximately $2.8 billion of broadly syndicated senior secured floating rate loans in six CLOs and American Capital Senior Floating, Ltd. (Nasdaq: ACSF), a business development company.

"We are pleased to announce our fifth CLO transaction post the credit crisis and our sixth overall," said Mark Pelletier, President of American Capital CLO Management, LLC and President and Chief Investment Officer of American Capital Senior Floating, Ltd. "We are delighted to have again acted as a retention provider in accordance with European risk retention requirements, allowing us to continue to attract repeat as well as new European investors to our CLO platform."

The bonds sold by ACAS CLO 2014-2 included tranches rated Aaa(sf) through Ba3(sf) by Moody's, a AAA(sf) tranche rated by Fitch and non‑rated subordinated notes.  American Capital CLO Management, LLC purchased $25 million of the non‑rated subordinated notes, with third party investors purchasing the remaining $16 million.  The retention of a control equity investment by American Capital CLO Management, LLC is intended to make ACAS CLO 2014-2 compliant with risk retention rules applicable to credit institutions regulated in the European Economic Area.

ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager.  American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products.  American Capital manages $21 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $80 billion of total assets under management (including levered assets).  Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of total net book value.   From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million.  For further information, please refer to www.AmericanCapital.com.

The securities referred to herein have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such act. This announcement does not constitute an offer to sell or the solicitation of any offer to buy any of the securities. This announcement appears as a matter of record only.

This press release may contain forward-looking information and statements.  Forward-looking statements give our current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "confident," "may," "should," "can have," "likely," "future" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Forward looking statements are not guarantees of performance or results, and involve known and unknown risks, uncertainties (some of which are beyond the Company's control), assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.  Should one or more of these risks or uncertainties materialize, the Company's actual results may vary in material respects from those projected in any forward-looking statements. A detailed discussion of these and other factors that may affect future results is contained in our filings with the U.S. Securities and Exchange Commission.  Any forward-looking statement made by the Company in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
Investor Relations - (301) 951-5917 

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SOURCE American Capital, Ltd.