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Ares Capital Corporation Provides $200 Million Senior Credit Facility to America

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (NASDAQ: - ) is pleased to announce the closing of a $200 million senior credit facility to American Broadband Holding Company. Ares Capital Corporation acted as the Lead Arranger for the facility, which included a term loan and an acquisition facility.

ABOUT AMERICAN BROADBAND

American Broadband, headquartered in Charlotte, North Carolina, acquires and operates local exchange carriers and related businesses in rural markets nationwide. The companys strategy is distinguished by a long-term focus on growth in rural America. By investing in its telecommunications network, local employees and management, and community organizations, American Broadband?strives to?ensure continued customer service satisfaction and works to realize the growth potential of its markets.

ABOUT ARES CAPITAL CORPORATION

Ares Capital Corporation is a specialty finance company that is a closed-end, non-diversified management investment company regulated as a business development company under the Investment Company Act of 1940. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. Ares Capital Corporation invests primarily in first and second lien senior loans and mezzanine debt, which in some cases includes an equity component, and, to a lesser extent, in equity investments in private U.S. middle market companies.

FORWARD-LOOKING STATEMENTS

Statements included herein may constitute forward-looking statements, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Capital Corporation undertakes no duty to update any forward-looking statements made herein.

AVAILABLE INFORMATION

Ares Capital Corporations filings with the Securities and Exchange Commission, press releases, earnings releases and other financial information are available on its website at .

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