European Capital

European Capital Increases Capital Resources to euro 2.5 Billion; Announces Issuance of euro 267 Million of AAA-Rated Investment Grade Notes

    St. Peter Port, Guernsey (ots/PRNewswire) -

    European Capital Limited (LSE: ECAS) ("European Capital") announced today that ECAS 2007-1 Loan BV ("ECAS 2007-1 BV"), an entity consolidated by European Capital, has issued euro 267 million of AAA-rated secured floating rate notes, backed by euro 457 million in loans originated by European Capital subsidiaries. The notes were rated by Standard & Poors. Affiliates of Deutsche Bank AG acted as the arranger and underwriter. The addition of the euro 267 million secured floating rate notes increases European Capital's capital resources to euro 2.5 billion.

@@start.t1@@      European Capital has the following committed debt facilities:
      EUROPEAN CAPITAL COMMITTED DEBT FACILITIES
                                                                              Total Commitment
      Multicurrency Secured RLOC                              euro 900,000,000
      Secured Term Notes                                          euro 267,000,000
      Multicurrency Unsecured RLOC                          euro 150,000,000
      Unsecured Private Placements
         March 2007                                                         US$37,500,000
         January 2007                                                      US$37,500,000
         December 2006                                                 euro 52,000,000
      TOTAL COMMITTED DEBT FACILITIES(i)              euro 1,421,000,000
      (i) US Dollar facilities converted to Euros at 31 January 2008 exchange
            rate.@@end@@

    "We are happy to have been able to arrange this financing in the current market, bringing European Capital's capital resources to euro 2.5 billion. The securitisation provides European Capital with additional capital, a major competitive advantage especially at a time when European Capital can capitalize on the widening spreads in the leveraged loan market," said John Hooker, Vice President, Debt Capital Markets, American Capital. "This securitisation also makes a very positive statement about the quality of European Capital's assets. Particularly in this environment, Deutsche Bank AG and the rating agency were very focused on credit quality and underwrote every asset in the pool."

    "As banks pull back lending, the number and quality of investment opportunities for European Capital are expected to increase," said Tom McHale, Director, European Capital Financial Services Limited. "In particular, our One Stop Buyouts(TM) have become even more important to sellers of companies in this uncertain financing environment. Furthermore, our ability to underwrite mezzanine tranches is in demand from other private equity sponsors, especially because we can provide certainty of close. We are now in an even greater position to meet the financing needs of middle market companies."

    European Capital has invested approximately euro 2.9 billion in 79 companies since its formation in August of 2005 and approximately euro 1.6 billion in 49 companies in 2007. For more information about European Capital's portfolio, go to http://www.ecas.com/our_portfolio/portfolio.html.

    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 euro 2.5 billion (US$3.7 billion). It is managed by European Capital Financial Services (Guernsey) Limited ("ECFSG" or "the Investment Manager"), a wholly-owned affiliate of American Capital Strategies, 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 euro 5 million and euro 500 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalisations.

    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(TM)

    Through our One Stop Buyouts(TM), 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 debt and equity financing 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 and senior 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 debt and equity financing directly to private and public companies, which is used for growth, acquisitions or recapitalisations, and investing in structured finance vehicles.

    Companies interested in learning more about European Capital's flexible financing should contact Simon Henderson or Nathalie Faure Beaulieu at  +44(0)20-7539-7000 in London, Jean Eichenlaub at + 33(0)1-40-68-06-66 in  Paris, 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 Strategies, Ltd. (Nasdaq: ACAS), with US$19 billion in capital resources under management, is an affiliate of European Capital and a member of the S&P 500. It is the largest U.S. publicly traded private equity firm and one of the largest publicly traded alternative asset managers. American Capital, both directly and through its global asset management business, is an investor in management and employee buyouts, private equity buyouts, and early stage and mature private and public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalisations and securitisations. American Capital and its affiliates invest from US$5 million to US$800 million per company in North America and euro 5 million to euro 500 million per company in Europe.

    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.

      Web site: http://www.EuropeanCapital.com
                      http://www.ecas.com/our_portfolio/portfolio.html

ots Originaltext: European Capital
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
Tom McHale, Director, +1-301-951-6122, or Juan Carlos Morales Cortes,
Finance Director, +44(0)207-539-7000, both of European Capital
Financial Services, or John Hooker, Vice President, Debt Capital
Markets, or Justin Cressall, Vice President, Equity Capital Markets,
both of American Capital, +1-301-951-6122



Weitere Meldungen: European Capital

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