American Capital (ACAS) lowers its interest cost, refinancing the entirety of its recourse debt...

|About: American Capital (ACAS)|By:, SA News Editor

American Capital (ACAS) lowers its interest cost, refinancing the entirety of its recourse debt with a 4-year $600M loan priced at Libor +4.25% with a Libor floor of 1.25%. The company also obtains a $250M credit line at Libor +3.75%. Shares +0.2% AH. (PR)