Allied Capital Invests $66.5 Million in Management-led Buyout of MHF Logistical Solutions.WASHINGTON -- Allied Capital Corporation (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced today that it has invested $66.5 million to support the management-led buyout of MHF MHF Mental Health Foundation (London, UK) MHF Malaysian Hockey Federation MHF Method Hiding Factor MHF Medium High Frequency MHF Major Hazards Facility MHF Mixed Hydrazine Fuel MHF Magnolia House of Furniture, Inc Logistical Solutions, a leading third-party environmental logistics company. Allied Capital's investment took the form of second lien notes, senior subordinated notes, and non-voting common equity. MHF is a leading third-party logistics company that specializes in turnkey waste solutions for its customers, including the packaging, transportation and disposition of low-level radioactive waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) , non-radioactive hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. , non-hazardous waste and other bulk materials. MHF's vertically integrated approach provides its customers with everything from project engineering and regulatory management, to the complete end-to-end movement and disposition of the waste stream. These services allow customers to realize significant cost and efficiency savings, as well as improved safety and security metrics. "The MHF transaction is the latest example of Allied Capital capitalizing on an existing, strong lending relationship with a company to participate in a proprietary buyout opportunity in partnership with an exceptional management team," said Dan Russell, Managing Director of Allied Capital. "Since leading a unitranche debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay for the company in 2005, we have deepened our knowledge of the business and respect for the MHF management team, so we were eager to become their partner in a secondary buyout of the business when the opportunity arose," he added. "We are delighted to have Allied Capital as our partner for this transaction," said John Evanko, 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 MHF. "Allied Capital has been a value-added financing partner to our company since 2005, and we feel confident that we can build even greater value in our company going forward." 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 (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, Allied Capital has provided 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. 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 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. All media inquiries should be directed to Stan Collender of Qorvis Communications at 202-448-3131. About MHF Logistical Solutions, Inc. MHF was founded in 1994 by the current CEO John Evanko, and is headquartered in Cranberry Township, PA. The Company is a waste-focused logistics provider that specializes in turnkey solutions (including packaging, transportation and disposition) of low-level radioactive waste, non-radioactive hazardous waste, non-hazardous waste, and other bulk material. MHF customers include nuclear utilities, the U.S. Army Corps of Engineers, DoD, DoE and large corporations. MHF differentiates itself among other logistics firms as a vertically integrated environmental 3PL, providing all of the project engineering and regulatory management, packaging, transportation (rail, marine, trucking) and equipment necessary for the "end-to-end" movement and disposition of the waste stream. MHF's integrated approach also provides their customers with improved project safety and lower overall customer costs. MHF further differentiates itself with a proprietary fleet of specialized, high-capacity rail equipment and cost-effective proprietary packaging solutions that are tailored to the needs of their customers. For more information, please visit www.mhfls.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 some of 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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