Allied Capital Announces Investment in Universal Environmental Services LLC.Business Editors WASHINGTON--(BUSINESS WIRE)--March 2, 2004 Allied Capital Corporation (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) today announced that it has provided $12.1 million in senior debt and $1.5 million in equity capital to Universal Environmental Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading regional provider of environmental services to the automotive service sector. The investment was made in conjunction with the purchase of the company by a group of investors led by MidMark Capital. "Universal is a successful regional competitor in the growing environmental services sector," said William Walton, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Allied Capital. "We're excited about the company's future, as this transaction will help facilitate its more rapid expansion along both geographic and product lines." About Allied Capital Allied Capital is the nation's largest business development company and provides long-term debt and equity investment capital to support the expansion of companies in a variety of industries. The company also participates in the real estate capital markets as an investor in non-investment grade commercial mortgage-backed securities and collateralized debt obligation Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, bonds and preferred shares. The company is headquartered in Washington, DC. For more information, please visit the web site at www.alliedcapital.com, call Allied Capital Investor Relations toll-free at (888) 818-5298, or e-mail us at ir@alliedcapital.com. About Universal Environmental Services LLC Universal Environmental Services LLC, headquartered in Peachtree City, Georgia Peachtree City (zip code 30269) is a city in Fayette County, Georgia, United States. One of the newest planned cities in Georgia, Peachtree City was chartered on March 9, 1959. Founded in 1979 as Peachtree City Development Corp. , is a leading collector and reseller of used oil in the south-central United States. Universal collects used oil from a variety of generators including automobile dealerships, quick-lube locations, and service stations, processes the oil to remove impurities, and then resells it to large industrial consumers as an alternative fuel source. The company currently operates in thirteen states. Forward-Looking Statements The information contained in this press release contains forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, and these factors are enumerated This term is often used in law as equivalent to mentioned specifically, designated, or expressly named or granted; as in speaking of enumerated governmental powers, items of property, or articles in a tariff schedule. in Allied Capital's periodic filings with the Securities and Exchange Commission. |
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