ECAS European Cap

    RNS Number : 8586H
  European Capital Limited
  10 November 2008
   

    First Floor, Dorey Court
Admiral Park
St. Peter Port, Guernsey GY1 6HJ




    FOR IMMEDIATE RELEASE
    10 November 2008 

    Contact:
    John Erickson, Director, European Capital Financial Services (Guernsey) Limited                      + (301) 951-6122        
Tom McHale, Director, European Capital Financial Services Limited                                     +44 (0)207 539 7100 
    Juan Carlos Morales Cortes, Finance Director, European Capital Financial Services Limited   +44 (0)207 539 7000
    John Hooker, Vice President, Debt Capital Markets, American Capital                                     +1(301) 951-6122        
Justin Cressall, Vice President, Equity Capital Markets, American Capital                            +44 (0)207 539 7100

    EUROPEAN CAPITAL RENEWS EUR100 MILLION MULTI-CURRENCY CREDIT FACILITY 

    St. Peter Port, Guernsey - 10 November 2008 - European Capital Limited (LSE: ECAS) announced today that European Capital S.A. SICAR and
ECAS II S.?.l., wholly-owned subsidiaries of European Capital, have renewed an unsecured, multi-currency revolving credit facility with an
aggregate commitment of EUR100 million.  The ability to make draws under the facility expires no later than August 25, 2009, unless the
facility is extended prior to such date.  Interest on borrowings under the facility carries a spread of 3.25%.  The lenders in the facility
are The Royal Bank of Scotland plc and Bank of Montreal, London Branch.

    European Capital currently has the following committed debt facilities: 
           EUROPEAN CAPITAL COMMITTED DEBT FACILITIES*
                                                Total Commitment
 Multi-Currency Secured RLOC                      EUR580,000,000
 Secured Term Notes                               EUR267,000,000
 Multi-Currency Unsecured RLOC                    EUR100,000,000
 Multi-Currency Unsecured RLOC                      $650,000,000
 Unsecured Private Placements
 March 2007                                          $37,500,000
 January 2007                                        $37,500,000
 December 2006                                     EUR52,000,000
 TOTAL COMMITTED DEBT FACILITIES**              EUR1,562,895,154
    *As of 07 November 2008.
    **US Dollar facilities converted to Euros at 05 November 2008 exchange rate.

    European Capital has invested approximately EUR3.3 billion in 89 companies since its formation in August of 2005. For more information
about European Capital's portfolio, click here. 

    ABOUT EUROPEAN CAPITAL
    European Capital is a publicly traded investment company for pan-European equity, mezzanine and senior debt investments with current
capital resources of approximately EUR2.7 billion ($3.5 billion). It is managed by European Capital Financial Services (Guernsey) Limited
("ECFSG"), a wholly-owned affiliate of American Capital, Ltd.  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 EUR5 million and EUR500 million per transaction in equity, mezzanine debt and senior debt to fund
growth, acquisitions and recapitalizations.

    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*
    Through our One Stop Buyouts*, 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 one stop financing of debt and equity 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 subordinated debt and equity financing directly to private and public companies, which is used for growth,
acquisitions or recapitalizations, and investing in structured finance vehicles.

    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, Nathalie Faure Beaulieu at +44 (0)20 7539 7000 in London, Robert von Finckenstein at +49 (0)69 7171 2970 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 (Nasdaq: ACAS), with $17 billion in capital resources under management, is the only private equity fund and the largest
alternative asset management company in the S&P 500. American Capital, both directly and through its global asset management business,
originates, underwrites and manages investments in private equity, leveraged finance, real estate and structured products. American Capital
and its affiliates invest from $5 million to $800 million per company in North America and EUR5 million to EUR500 million per company in
Europe. American Capital was founded in 1986 and currently has 13 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 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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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