Allied Capital Provides Financing for Pipeline Infrastructure Company.Business Editors WASHINGTON--(BUSINESS WIRE)--June 27, 2003 Allied Capital Corporation (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) today announced a $20 million investment in Mogas Energy, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Mogas Energy owns and operates, through its wholly-owned subsidiary Gateway Pipeline Company, LLC, one interstate and two intrastate pipelines in and around St. Louis and central Missouri, which when combined account for over 260 miles of pipeline. Mogas Energy's core business is transporting natural gas from larger interstate pipelines to local distribution companies serving residential and commercial end-users. Because Mogas Energy does not take possession of commodity natural gas, its revenue stream comes entirely from regulated reservation and transportation charges. "Mogas is an attractive investment opportunity because the company has developed key relationships with its customers and is a leading provider of natural gas transportation services in their region of the country," said Bill 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. 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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