Allied Capital Provides Financing for Acquisition of VICORP Restaurants, Inc.Business Editors WASHINGTON--(BUSINESS WIRE)--June 17, 2003 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 $24 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". with warrants to help finance Wind Point Partners' acquisition of VICORP Restaurants, Inc., a leading operator of branded family-style restaurants throughout the Midwest and West Coast. VICORP Restaurants, Inc. headquartered in Denver, Colorado, is the owner and operator of two leading family-style restaurants, Village Inn and Bakers Square, with 371 restaurants operating in 25 states. Village Inn, which began in 1959, is well known for providing traditional breakfast items throughout the day, in addition to home-style lunches and dinners. Bakers Square is most famous for its award-winning pies and broad American menu. "VICORP's restaurants have traditionally been resilient in a variety of economic environments and both restaurant concepts have broad consumer awareness in their markets and strong and loyal customer bases," said Bill Walton William Theodore Walton III, better known as Bill Walton (born November 5, 1952), is a former American basketball player and current television sportscaster. He is the father of current Los Angeles Lakers player Luke Walton. , Allied Capital 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. . About Allied Capital Allied Capital is the nation's largest business development company and provides 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 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. The company is headquartered in Washington, DC. For more information, please visit the web site at www.alliedcapital.com, call Allied Capital Investor Relations Investor relations The process by which the corporation communicates with its investors. toll-free at 888/818-5298, or e-mail us at ir@alliedcapital.com. About Wind Point Partners Wind Point Partners is a private equity investment firm with offices in Chicago and Southfield, Michigan. Wind Point currently manages over $1 billion in commitments from pension funds, endowments, and individuals. Wind Point focuses on partnering with top caliber CEOs to acquire well-positioned middle market businesses with a clear path to value creation. Wind Point has successfully invested in more than 75 companies since 1984. Additional information about the firm is available at www.windpointpartners.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 the company's periodic filings with the Securities and Exchange Commission. |
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