Weil Gotshal advises American Capital on restructuring

February 9, 2010 Weil Gotshal & Manges LLP is advising American Capital Ltd., an alternative investment firm with $12 billion in assets, as it tries to win support for an out-of-court restructuring or pre-packaged bankruptcy.

American Capital spokeswoman Katie Wisecarver said that the company has an agreement with lenders that gives it until March 31 to win lender support for a proposed restructuring, but if it doesn’t get enough creditor support by then, it won’t necessarily file for bankruptcy.

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