American Capital Committed to Invest $85 Million for Three Ethanol Facilitie

American Capital Strategies Ltd. announced today it has committed to invest $85 million in ASAlliances Biofuels LLC, an entity developed by Americas Strategic Alliances LLC to construct three large-scale ethanol production facilities. American Capital’s investment will take the form of senior subordinated debt and preferred equity. Laminar Direct Capital L.P., a member of the D. E. Shaw group, and US Renewables Group LLC will also be providing senior subordinated debt and equity. Fagen Inc. and Cargill Biofuels Investments LLC will also invest in the equity. A syndicate led by WestLB will be providing senior secured financing to the new Company. Post close, American Capital owns approximately 41% of ASAlliances Biofuels, on a fully diluted basis.

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