LONDON (Thomson Financial) - European Capital Ltd said its unit European Capital SA SICAR has obtained a three-year unsecured subordinated revolving credit facility with a total commitment of 270 mln eur from European Capital's affiliate American Capital Strategies Ltd.
The addition of the 270 mln eur unsecured credit facility has increased European Capital's capital resources to 2.8 bln eur.
The average interest spread of the debt facilities, when they are fully utilised, will be 2.2 pct over the relative index, European Capital said in a statement.
TFN.newsdesk@thomson.com kkb/jlc COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The addition of the 270 mln eur unsecured credit facility has increased European Capital's capital resources to 2.8 bln eur.
The average interest spread of the debt facilities, when they are fully utilised, will be 2.2 pct over the relative index, European Capital said in a statement.
TFN.newsdesk@thomson.com kkb/jlc COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
