NGP Capital Resources Company Announces Portfolio Investment.HOUSTON -- NGP NGP Neo-Geo Pocket (SNK) NGP Nearest Grid Point NGP New Growth Point (UK) NGP National Grid Project NGP Next-Generation Program (fire suppression) NGP Next Generation Product Capital Resources Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NGPC NGPC Nebraska Game and Parks Commission NGPC NeoGeo Pocket Color NGPC National Guaranty Purchase Center ): Update on Investment Activity NGP Capital Resources Company (NASDAQ:NGPC) today announced that it has closed a $15 million Senior Secured Credit Facility (the "Facility") with BSR BSR Business for Social Responsibility BSR Baltic Sea Region BSR British Society for Rheumatology BSR Bootstrap Router (networking) BSR Bonsoir (French) BSR Bottom-Simulating Reflector Alto, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("BSR Alto"), a private Texas based oil and gas producer. NGPC acted as agent and sole lender for the Facility. Initial availability under the Facility is $8 million, with approximately $1.3 million funded at closing. The Facility is secured by first liens on substantially all of BSR Alto's properties and is structured as a three year multiple-advance term loan. Additionally, as partial consideration for providing the Facility, NGPC received warrants in BSR Alto and an overriding royalty interest overriding royalty interest A third-party interest in royalty income derived from oil and gas rights. in its properties. Proceeds from the Facility will be used by BSR Alto to acquire and develop oil and gas assets located in East Texas. Following these transactions, NGPC has committed and made available for funding an approximate total of $211 million to twelve portfolio companies, with approximately $173 million currently outstanding. About NGP Capital Resources Company NGP Capital Resources Company is a closed-end investment company closed-end investment company: see mutual fund. that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company's investment portfolio is principally in energy related private companies. From time to time, the Company may also invest in public companies. The Company invests primarily in senior secured and mezzanine loans in furtherance of its business plan and in some instances receives equity investments in portfolio companies in connection with such investments. NGP Capital Resources Company is managed by NGP Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , LP, an affiliate of NGP Energy Capital Management. NGP Energy Capital Management, based in Irving, Texas, is a leading investment firm with over $3.6 billion of cumulative capital under management since inception, serving all sectors of the energy industry. This press release may contain forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, which could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, the future operating results of our portfolio companies, changes in regional, national, or international economic conditions and their impact on the industries in which we invest, or changes in the conditions of the industries in which we invest, and other factors 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 our filings with the Securities and Exchange Commission. We may use words such as "anticipates," "believes," "expects," "intends," "will," "should," "may" and similar expressions to identify forward-looking statements. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law. Persons considering an investment in NGP Capital Resources Company should consider the investment objectives, risks, and charges and expenses of the company carefully before investing. Such information and other information about the company is available in our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , in our quarterly reports on Form 10-Q and in prospectuses we issue from time to time in connection with our offering of securities. Such materials are filed with the SEC and copies are available on the SEC's website, www.sec.gov. Prospective investors should read such materials carefully before investing. |
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