AC Finance Successfully Closes $63.5 Million in Senior Credit Facilities for CR Brands, Inc.

WASHINGTON -- Allied Capital Corporation (NYSE:ALD) announced today that its in-house senior loan financing group, AC Finance has successfully completed the origination, structuring and syndication of $63.5 million in senior credit facilities for CR Brands, Inc. AC Finance served as Sole Lead Arranger and Syndication Agent for the transaction.

The financing supports the recapitalization of CR Brands, Inc., which was created through the merger of ChemPro, Inc. and Redox Brands, Inc. Upon completion of the senior syndication, Allied Capital's investment in CR Brands totaled approximately $71.2 million, comprised of senior subordinated debt, junior subordinated debt and a majority of the common equity.

CR Brands is a leading consumer products company that manufactures and markets branded and private label heavy-duty household cleaning products and branded cleaning/detergent products. Its primary brands include Mean Green(R), Pine Power(R), Magnum Power(R), Biz(R) and Oxydol(R). CR Brands sells its products through the dollar store channel, as well as through mass and grocery channels.

About Allied Capital

Allied Capital Corporation, a leading business development company with total assets of more than $4 billion, has paid regular, quarterly cash dividends to shareholders since 1963. Allied Capital invests in the American entrepreneurial economy by providing capital to companies seeking a long-term financial partner and access to managerial resources often unavailable to smaller companies. Since its IPO in 1960, the Company has provided long-term debt and equity financing to thousands of middle market companies. In serving its shareholders, Allied Capital helps build middle market businesses and support American jobs. The Company's private finance portfolio includes investments in over 100 companies that generate aggregate revenues of more than $12 billion and employ more than 90,000 people.

Headquartered in Washington, DC, Allied Capital offers shareholders the opportunity to participate in the private equity industry through an investment in the Company's New York Stock Exchange-listed stock, which is traded under the symbol ALD. For more information, please visit www.alliedcapital.com, call Allied Capital investor relations toll-free at [phone], or e-mail us at [e-mail]. All media inquiries should be directed to Stan Collender of Qorvis Communications at [phone].