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OUR BUSINESS

Energy Investing

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Managing Director Profile, Energy Group

Darin Winn, Regional Managing Director, Dallas
Kevin Kuykendall, Managing Director, Dallas
Todd Friant, Principal, Dallas
Kacy Ellis, Vice President, Dallas

Dallas
2200 Ross Avenue
Suite 4500W
Dallas, TX 75201
(214) 273-6630
(214) 273-6635 fax

About the American Capital Energy Group

American Capital is targeting investment in energy sub-sectors with a capital need, stable cash flows and an active middle market. We invest throughout the capital structure, including senior debt, subordinated debt and equity, and typically invest up to $100 million in each transaction. For a prompt review please contact Kevin Kuykendall, Managing Director, at (214) 273-6634.

Targeted Energy Sectors

American Capital will consider opportunities in the following energy sectors:

Energy-Specific Manufacturing

Production

Oil and gas
- Lower-risk exploration, production and development
- Gas gathering systems
- Oil sands mining
Natural gas liquids
Coal
- Coal Mining
- Coal-fired generation
Nuclear
- Uranium mining
- Nuclear-fired generation
Wind-powered generation
Solar-powered generation

Transmission

Oil and gas pipelines
LNG tankers and re-gasification facilities
Power transmission

Distribution

Propane distribution (both bulk and pre-packaged)
Gas distribution
Electricity distribution

Services

Oil and gas services
Utility services (power, gas, etc.)

Excluded sectors

High-risk oil and gas exploration
Project finance with no expectation of near-term cash flows
Early-stage alternative energy

Investment Structures

American Capital will consider investments in virtually every portion of the capital structure, including:

Senior secured debt

Cash flow-based
Asset-backed, including oil and gas reserves
With rapid amortization and up to a five-year term

Subordinated debt

Includes equity participation
With no amortization and up to an eight-year term

"Stretch" or "Term B" senior

Cash flow-based, or
Asset-backed, with partial asset coverage
With minimal amortization and up to a seven-year term

Preferred and common equity

Minority positions
Control positions