BETHESDA, Md., Feb. 28, 2013 /PRNewswire/ -- American
Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company")
announced today that it priced a public offering of 50,000,000
shares of common stock for total expected gross proceeds of
approximately $1.58
billion before expenses.
In connection with the offering, the Company has granted the
underwriters an option for 30 days to purchase up to an additional
7,500,000 shares of common stock. The offering is subject to
customary closing conditions and is expected to close on
March 5, 2013.
AGNC expects to use the net proceeds from this offering to
acquire additional agency securities as market conditions warrant
and for general corporate purposes.
BofA Merrill Lynch, Citigroup, Credit Suisse Securities
(USA) LLC, Goldman, Sachs &
Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
are joint book-running managers for the offering. Mitsubishi
UFJ Securities and Nomura are co-lead managers for the
offering.
The offering will be made pursuant to AGNC's existing effective
registration statement, previously filed with the Securities and
Exchange Commission. The offering of these securities will be made
only by means of a prospectus. Copies of the prospectus may be
obtained from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus
Department or email dg.prospectus_requests@baml.com; Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
(800) 831-9146; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
One Madison Avenue, New York, NY
10010, telephone: (800) 221-1037, email:
newyork.prospectus@credit-suisse.com; Goldman, Sachs & Co., 200
West Street, New York, NY 10282,
Attn: Prospectus Department, telephone: 1-866-471-2526, facsimile:
212-902-9316, email: prospectus-ny@ny.email.gs.com; J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Ave, Edgewood, NY 11717,
telephone: 1-866-803-9204 or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, New York 10014,
telephone: (866) 718-1649 or email a request to
prospectus@morganstanley.com. The underwriters may offer the
shares in transactions on the Nasdaq, in the over-the-counter
market or through negotiated transactions at market prices or at
negotiated prices.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital
Agency Corp. is a real estate investment trust that invests in
agency pass-through securities and collateralized mortgage
obligations for which the principal and interest payments are
guaranteed by a U.S. Government agency or a U.S.
Government-sponsored entity. The Company is externally managed and
advised by American Capital AGNC Management, LLC, an affiliate of
American Capital, Ltd. ("American Capital").
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq:
ACAS) is a publicly traded private equity firm and global asset
manager. American Capital, both directly and through its
asset management business, originates, underwrites and manages
investments in middle market private equity, leveraged finance,
real estate and structured products. American Capital manages
$18.6 billion of assets, including
assets on its balance sheet and fee earning assets under management
by affiliated managers, with $117
billion of total assets under management (including levered
assets). American Capital, through a wholly-owned portfolio
company, manages publicly traded American Capital Agency Corp.
(NASDAQ: AGNC) with approximately a $10
billion market capitalization and American Capital Mortgage
Investment Corp. (NASDAQ: MTGE) with approximately a $1.5 billion market capitalization. From
its eight offices in the U.S. and Europe, American Capital and its affiliate,
European Capital, will consider investment opportunities from
$10 million to $750 million.
FORWARD-LOOKING STATEMENTS
This press release
contains statements that constitute "forward-looking statements,"
including with regard to the Company's securities offering and the
anticipated use of the net proceeds. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. No assurance can be given that the
securities offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. Completion of the securities offering on the
terms described, and the application of net proceeds, are subject
to numerous conditions, many of which are beyond the control of the
Company, including, without limitation, changes in interest rates;
changes in the yield curve; changes in prepayment rates; the
availability and terms of financing; changes in the market value of
our assets; general economic conditions; market conditions;
conditions in the market for agency securities; legislative and
regulatory changes that could adversely affect the business of the
Company; and other factors, including those set forth in the Risk
Factors section of the Company's periodic reports and other
documents filed with the Securities and Exchange Commission
("SEC"). Copies are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release.
CONTACT:
Investors – (301) 968-9300
SOURCE American Capital Agency Corp.