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Filed Pursuant to Rule 497(a)(1) File No. 333-141848 Rule 482ad |
Allied Capital Prices Public Offering of Common Stock
Washington, DC — November 29, 2007 — Allied Capital Corporation (NYSE: ALD) announced today that
the Company has priced its public offering of 3,250,000 shares of common stock at an offering price
of $24.75 per share for net proceeds, after the underwriting discount and estimated offering
expenses, of $77.5 million. Allied Capital has granted the underwriters a 30-day option to
purchase up to an additional 487,500 shares to cover over-allotments, if any. The offering is
subject to customary closing conditions and is expected to close on December 4, 2007. The shares
were issued from the Company’s shelf registration statement on file with the Securities and
Exchange Commission.
The Company intends to use the net proceeds of the offering to reduce borrowings under its
revolving line of credit, if any, to invest in debt or equity securities in primarily privately
negotiated transactions, and for other general corporate purposes. Deutsche Bank Securities acted
as the sole book-running manager for the offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the
securities in this offering, nor shall there be any sale of these securities in any state in which
such an offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Investors are advised to carefully consider the investment objectives, risks and charges and
expenses of the Company before investing. The prospectus supplement, dated November 28, 2007, and
prospectus, dated August 23, 2007, contains this and other information about Allied Capital
Corporation and should be read carefully before investing. The offering may be made only by means
of a prospectus and a related prospectus supplement, copies of which may be obtained from Deutsche
Bank Securities, 60 Wall Street, 4th Floor, New York, NY 10005 at 1-800-503-4611.
About Allied Capital
Allied Capital Corporation, a leading business development company with total assets of $5 billion,
has paid regular, quarterly cash dividends to shareholders since 1963. Since its IPO in 1960,
Allied Capital has provided long-term debt and equity financing to thousands of middle market
companies. Allied Capital invests in the American entrepreneurial economy by providing capital to
companies seeking a long-term financial partner and access to managerial resources often
unavailable to smaller companies. In serving its shareholders, Allied Capital helps build middle
market businesses and support American jobs. At September 30, 2007, the company’s private finance
portfolio included investments in 110 companies that generate aggregate revenues of over $13
billion and employ more than 90,000 people.
Allied Capital provides flexible, competitive debt and equity capital for management and
sponsor-led buyouts, recapitalizations, acquisitions and growth of middle market companies. Allied
Capital’s seamless, one-stop financing capabilities include first and second lien senior loans,
unitranche debt, junior or mezzanine debt and equity.
Headquartered in Washington, DC, Allied Capital offers shareholders the opportunity to participate
in the private equity industry through an investment in the company’s New York Stock
Exchange-listed stock, which is traded under the symbol ALD. For more information, please visit
www.alliedcapital.com, call Allied Capital investor relations toll-free at (888) 818-5298, or
e-mail us at ir@alliedcapital.com.
Forward-Looking Statements
The information contained in this press release contains forward-looking statements. These
forward-looking statements are subject to the inherent uncertainties in predicting future results
and conditions. Certain factors could cause actual results and conditions to differ materially
from those projected in these forward-looking statements, and these factors are enumerated in
Allied Capital’s filings with the Securities and Exchange Commission. This press release should be
read in conjunction with the company’s recent SEC filings.
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