Allied Capital Invests $20.5 Million in Pro Mach, Inc.WASHINGTON -- Allied Capital Corporation (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced that it has provided $19 million in subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". and $1.5 million in equity to support the acquisition of Pro Mach, Inc. by Odyssey Investment Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Pro Mach is one of the largest industrial automation companies in North America focused on designing, manufacturing, and marketing packaging systems and machinery, as well as related aftermarket parts, service, and consumables. "Pro Mach is a leader within the highly fragmented packaging machinery industry," said Ed Ross, Managing Director at Allied Capital. "With its strong management team and growing portfolio of products, we believe Pro Mach is well positioned to benefit from rising global demand for both new packaging equipment and aftermarket parts and services." About Allied Capital Allied Capital Corporation, a leading business development company with total assets of more than $3 billion, has paid regular, quarterly cash dividends to shareholders since 1963. Since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in 1960, the Company has been providing long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. primarily to private, middle market companies. Allied Capital's mission is to generate solid total returns from a diversified private equity and commercial real estate portfolio that invests in the American entrepreneurial economy. In serving its shareholders, Allied Capital helps build American companies and support American jobs. The Company's private finance portfolio includes investments in over 100 companies with aggregate revenues of in excess of $11 billion, supporting more than 100,000 jobs. 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 New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 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 (888) 818-5298, or e-mail us at ir@alliedcapital.com. For all media inquiries, please call (202) 331-1112. About Pro Mach, Inc. Headquartered in Atlanta, GA, Pro Mach was founded in July 1998 with the objective of becoming a worldwide leader in the design, manufacture, sales, and service of packaging machinery. Since that time, Pro Mach has become one of the largest and broadest-based packaging machinery companies serving the food, beverage, pharmaceuticals, and personal care industries. For more information, please visit www.promachinc.com. 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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