|American Capital Announces Extension of Exchange Offers, Public Note Consent Solicitation and Standby Plan Solicitation|
BETHESDA, Md., June 9, 2010 /PRNewswire via COMTEX/ --American Capital, Ltd. (Nasdaq: ACAS) (the "Company") announced today that it has extended (i) the expiration time of its private offers to exchange its outstanding unsecured public and private notes for cash payments and new secured notes (the "Exchange Offers") and consent solicitation of its outstanding public notes (the "Consent Solicitation") and (ii) the voting deadline of its solicitation of votes to accept a standby plan of reorganization (the "Standby Plan Solicitation").
The Exchange Offers, the Consent Solicitation and the Standby Plan Solicitation were previously scheduled to expire at 5.00 p.m. New York City time, on June 8, 2010 (as previously extended on June 2, 2010). The Exchange Offers, the Consent Solicitation and the Standby Plan Solicitation have each been extended until 11:59 p.m., New York City time, on June 9, 2010, unless further extended or earlier terminated. All other terms of the Exchange Offers, the Consent Solicitation and the standby plan of reorganization (the "Standby Plan") remain unchanged. There will continue to be no right to withdraw public and private notes once tendered and no right to revoke votes to accept the Standby Plan once submitted.
The Company has been advised of the following information by, as applicable, the exchange agent for the Exchange Offers and the voting agent for the Standby Plan, as of 5:00 p.m. New York City time on June 8, 2010:
This press release and its contents are not an offer to sell or purchase or an offer to exchange or a solicitation of acceptance of an offer to sell or purchase or offer to exchange any security. Any such offer or solicitation shall be made solely by means of an offering memorandum or other offer document furnished to existing securityholders and any securities that are offered have not been, and will not be, registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
ABOUT AMERICAN CAPITAL
American Capital 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 and structured products. Founded in 1986, American Capital has $14 billionin capital resources under management and eight offices in the U.S., Europe and Asia. For further information, please refer to www.AmericanCapital.com.
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.
Contact: Investors - (301) 951-5917
SOURCE American Capital Ltd.
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