Also in January 2013, the Company sold its remaining $10.0 million face amount of EP Energy, LLC Senior Unsecured Notes at a price of 113.375 resulting in a realized capital gain of $1.3 million, or $0.06 per common share. The Company's total investment in EP Energy, LLC Senior Unsecured Notes, which began as a $25 million participation in their original issuance in April 2012, generated an internal rate of return of 36.5% with a return on investment of 1.16x.Steve Gardner, President and CEO stated, "We are pleased to report this update in portfolio activity. Like the EP Energy and Midstates investments, the Talos investment represents a highly liquid security, with a reasonable yield and outstanding credit quality. We have been working closely with Spirit and Contour for several months now regarding the restructuring of their credit facilities, and we are happy to report their completion. In both cases, I believe we have improved the credit quality of our investments, providing those businesses with the support and capital they need to be successful, and increasing our opportunity to meaningfully participate in their financial upside. EP Energy, STP, Powder River and Tammany all represent successful exits with solid overall returns. We continue to seek opportunities to expand our portfolio and provide superior returns for our investors."
NGP Capital Resources Company Announces $25 Million New Investment And An Update On Portfolio Activity
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