American Capital Ltd. will not sell European Capital

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Source URL http://www.reuters.com/article...

Related Companies American Capital (ACAS) European Capital Ltd.

Related Documents Investor Presentation (EP) American Capital 9/30/2009, filed on 11/4/2009

Related Articles 11/4/2009 American Capital to restructure revolving line of credit facility 4/30/2009 Report: American Capital seeks opinion from secondary firms about possible sale of European portfolio

American Capital Ltd. CEO Malon Wilkus said the company is no longer considering the sale of unit European Capital Ltd., according to a transcript of remarks made during a Nov. 4 conference call.

The company is also working with European Capital's creditors to resolve its defaults, the CEO said. According to a presentation for the event, Miller Buckfire & Co. LLC is assisting in the restructuring process.

"We're feeling optimistic right now that we'll be able to reach agreements with creditors and be able to have a bright future there at European Capital," Wilkus said.