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Article: European Capital Increases Capital Resources to euro 2.5 Billion; Announces Issuance of euro 267 Million of AAA-Rated Investment Grade Notes.
- Article from:
- PR Newswire
- Article date:
- February 18, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. PETER PORT, Guernsey, Feb. 18 /PRNewswire-FirstCall/ -- European Capital Limited ("European Capital") announced today that ECAS 2007-1 Loan BV ("ECAS 2007-1 BV"), an entity consolidated by European Capital, has issued euro 267 million of AAA-rated secured floating rate notes, backed by euro 457 million in loans originated by European Capital subsidiaries. The notes were rated by Standard & Poors. Affiliates of Deutsche Bank AG acted as the arranger and underwriter. The addition of the euro 267 million secured floating rate notes increases European Capital's capital resources to euro 2.5 billion.
European Capital has the following committed debt ...