ACAS obtains new funding

Published June 24, 2005 12:00 AM EDT 1 Min Read

American Capital Strategies has obtained a $230 million unsecured revolving credit facility led by Wachovia Capital Markets and BB&T Capital Markets as joint lead arrangers and Citicorp North America and JPMorgan Chase Bank N.A. are co- documentation agents for a syndicate of eight lenders. The facility, which facility replaces American Capital’s previous $100 million unsecured facility, priced at 137.5 basis points over Libor.

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