European Capital

European Capital Obtains Euro 400 Million Credit Facility

Luxembourg (ots/PRNewswire) - European Capital, SA SICAR ("European Capital") announced today that it has obtained commitments from affiliates of Wachovia Bank, NA and Harris Nesbitt Corp. for a euro 400 million multi-currency revolving credit facility, denominated in Euros, Pounds Sterling and U.S. Dollars. The ability to make draws under the facility expires in February 2008, unless the facility is extended prior to such date for an additional one or two years. Interest on borrowings under the facility is charged at either the applicable base rate, EURIBOR or LIBOR, plus 110 basis points. The facility is secured by investments made by European Capital and has a variable advance rate. At closing, European Capital borrowed euro 111 million under the facility to repay intercompany debts to its affiliate, American Capital, associated with the formation of European Capital. European Capital has invested approximately euro 300 million (US$356 million) in 14 companies since its formation in August of 2005. For more information about European Capital's portfolio, go to http://www.EuropeanCapital.com. "We are pleased to announce the establishment of European Capital's first external credit facility, an expression of our lenders' confidence in us and our future," said Malon Wilkus, European Capital Chairman of the Board of Directors. "With this facility, European Capital has one of the lowest costs of capital in the industry, giving us a powerful competitive advantage. Together with our ability to provide senior debt, mezzanine debt and equity and One Stop Buyouts(TM), European Capital is in an excellent position to invest in the very best European companies." "We are excited about European Capital's new working relationship with Wachovia and Harris Nesbitt, both of whom have been very supportive of American Capital," said Tom McHale, American Capital Senior Vice President, Finance. "We look forward to continuing our long-term relationship with them as we meet our capital needs in the most cost-effective manner." ABOUT EUROPEAN CAPITAL European Capital is a buyout and mezzanine fund with capital resources of euro 1.1 billion (US$1.3 billion). European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and mid-sized public companies. European Capital invests from euro 5 million to euro 125 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations. 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, Simon Henderson or Nathalie Faure Beaulieu at +44 (0)207-539-7000 in London, or visit the website at http://www.EuropeanCapital.com. ABOUT AMERICAN CAPITAL American Capital (Nasdaq: ACAS) is a publicly traded buyout and mezzanine fund with capital resources of approximately US$7 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, provides capital directly to early stage and mature private and small public companies and through its asset management business is a manager of debt and equity investments in private companies and commercial loan obligations. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital invests up to US$300 million per transaction. This press release contains forward-looking statements. The statements regarding expected results of 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 American Capital has made investments. Web site: http://www.americancapital.com http://www.EuropeanCapital.com ots Originaltext: European Capital Im Internet recherchierbar: http://www.presseportal.ch Contact: John Erickson, Director, +1-301-951-6122, or Juan Carlos Morales Cortes, Finance Director, +44 (0) 207-539-7000, or Brian Maney, Corporate Communications, +1-301-951-6122, all of European Capital

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