ACA To Receive $45 Million Of Additional Equity, Says Fitch.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 31, 2001 Fitch has reviewed a term sheet and a letter from the general counsel of American Capital Access Holdings, Inc. (ACA ACA - Application Control Architecture Holdings), the holding company of ACA Financial Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Corp. (ACA), stating that ACA Holdings has received commitments for $45 million of addition equity and that the transaction has been approved by ACA Holdings' board of directors. These commitments come from certain existing ACA Holdings investors and two new investors. The additional equity will allow ACA to support its growth plans over the next several years and provide a cushion against the company falling below regulatory minimum capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . ACA Holdings expects to receive the new capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. during February and downstream the proceeds to ACA, at which time Fitch would remove ACA from Rating Watch Negative status and affirm its `A' insurer financial strength rating. |
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