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EX-99.1 - EXHIBIT 99.1 - AMERICAN CAPITAL, LTDdex991.htm
EX-10.1 - EXHIBIT 10.1 - AMERICAN CAPITAL, LTDdex101.htm




Washington, D.C. 20549







Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 26, 2010



American Capital, Ltd.

(Exact name of registrant as specified in its charter)




DELAWARE   814-00149   52-1451377

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

2 Bethesda Metro Center, 14th Floor Bethesda, MD 20814

(Address of principal executive offices, zip code)

Registrant’s telephone number, including area code: (301) 951-6122


(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ Written communications pursuant to Rule 425 under the Securities Act


¨ Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act




Item 1.01. Entry into a Material Definitive Agreement.

As previously announced, American Capital, Ltd. (the “Company”) and each of the lenders (the “Lenders”) under the Company’s unsecured revolving credit agreement (the “Credit Agreement”) entered into a Lock Up Agreement dated as of November 20, 2009 (the “Lock Up Agreement”), which, among other things, provides that the parties will support an out-of-court restructuring of the loans outstanding under the credit agreement and of the Company’s private and public unsecured notes (the “Restructuring”). The parties may terminate the Lock Up Agreement if certain events relating to the Restructuring do not occur by the deadline specified in the Lock Up Agreement.

Effective as of March 26, 2010, the Company and the Lenders holding a majority of the amount outstanding under the Credit Agreement entered into an amendment (the “Amendment”) to the Lock Up Agreement to extend the current termination event date in the Lock Up Agreement to May 31, 2010. The termination event date may be further extended to June 30, 2010 by agreement between the Company and Wachovia Bank, National Association, as the Administrative Agent under the Credit Agreement.

The Company also issued a press release announcing the extension of the termination event date in the Lock Up Agreement on March 30, 2010. A copy of the press release and the Amendment are included as exhibits to this Current Report on Form 8-K.


Item 9.01. Financial Statements and Exhibits.






   Second Amendment to American Capital, Ltd. Lock Up Agreement, dated as of March 26, 2010.


   Press Release, dated as of March 30, 2010.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: March 30, 2010     By:  



Samuel A. Flax

Executive Vice President, General

Counsel, Chief Compliance Officer and Secretary