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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 — March 7, 2008 — Allied Capital Corporation (NYSE: ALD) announced today that the
Company has priced its public offering of 4,000,000 shares of common stock at an offering price of
$20.35 per share for net proceeds, after the underwriting discount and estimated offering expenses,
of approximately $79 million. Allied Capital has granted the underwriters a 30-day option to
purchase up to an additional 600,000 shares to cover over-allotments, if any. The offering is
subject to customary closing conditions and is expected to close on March 12, 2008. 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, to invest in debt or equity securities in primarily privately negotiated
transactions, and for other general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith
Incorporated 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 March 6, 2008, 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 Merrill
Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, 250 Vesey Street, New York,
NY 10080.
About Allied Capital
Allied Capital is a leading business development company (BDC) in the U.S. that invests private debt and equity capital in middle market businesses nationwide. Founded in 1958 and operating as a public company since 1960, Allied Capital is celebrating 50 years of investing in and supporting the U.S. entrepreneurial economy.
Allied Capital is a leading business development company (BDC) in the U.S. that invests private debt and equity capital in middle market businesses nationwide. Founded in 1958 and operating as a public company since 1960, Allied Capital is celebrating 50 years of investing in and supporting the U.S. entrepreneurial economy.
Allied Capital provides long-term debt and equity capital for management and sponsor-led buyouts,
and for recapitalizations, acquisitions and growth of middle market companies. Allied Capital’s
one-stop financing capabilities include first and second lien senior loans, unitranche debt, junior
or subordinated debt and equity. Allied Capital seeks to invest in stable, less cyclical companies
that produce significant free cash flow and high returns on invested capital. At December 31,
2007, the company’s private finance portfolio included investments in 120 companies that generate
aggregate revenues of over $13 billion and employ more than 95,000 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.
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Forward-Looking Statements
The information contained in this press release includes 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.
The information contained in this press release includes 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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