First Capital Announces Senior Notes Offering

Dec 06, 2010, 07:00 ET from First Capital Holdings, Inc.

BOCA RATON, Fla., Dec. 6, 2010 /PRNewswire/ -- First Capital Holdings, Inc. (together with its subsidiaries, "First Capital") announced today that its wholly-owned subsidiary, FCC Holdings, LLC and its indirect wholly-owned subsidiary, FCC Holdings Finance Subsidiary, Inc. intend to offer $100.0 million of Senior Notes due 2015 in a private placement.  The offered notes will be guaranteed by FCC, LLC, a direct wholly-owned subsidiary of FCC Holdings, LLC.  The net proceeds from the offering of the notes will be used to repay certain outstanding indebtedness of FCC Holdings, LLC and its subsidiaries, and for general corporate purposes.

The notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States without registration under the Act or pursuant to an applicable exemption from such registration.

This press release does not constitute an offer to sell, or the solicitation of offers to buy, any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About First Capital

First Capital is a specialized commercial finance company positioned to enable entrepreneurs to achieve their goals through working capital loans typically ranging from $3-$15 million in the form of Asset Based Lending and Factoring.  Our commitment is to build long-lasting, mutually-beneficial relationships with clients and their advisors.  Headquartered in Boca Raton, Florida, the firm has additional full-service offices in New York, Los Angeles, Atlanta and Oklahoma City with sales offices located across the United States.

Forward-Looking Information

This press release contains "forward-looking" statements.  Forward-looking statements reflect current expectations and projections about future events, and thus involve uncertainty and risk.  It is possible that future events, including whether the offering is completed on the terms specified or at all, may differ from expectations due to a variety of risks and other factors such as market conditions. It is not possible to foresee or identify all such factors.  Any forward-looking statements in this press release are based on certain assumptions and analyses made in light of First Capital's experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances.  Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations.  First Capital does not intend to update any particular forward-looking statements contained in this press release.

SOURCE First Capital Holdings, Inc.