Houston, Feb. 20, 2013 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (NASDAQ: NGPC) (the "Company") today announced one new investment, recent restructurings of two existing investments in the Company's portfolio, and other portfolio activity since October 2012. New Investment - Talos On February 6, 2013, the Company purchased $20.0 million of the $300 million 9.75% Senior Notes offering issued by Talos Production LLC and Talos Production Finance Inc. (collectively, "Talos") to partially fund Talos's acquisition of Energy Resource Technology GOM, Inc., the oil and gas subsidiary of Helix Energy Solutions Group, Inc (NYSE: HLX). On February 15, 2013, the Company purchased an additional $5.0 million face value of the Talos Senior Notes in the secondary market. Talos is headquartered in Houston, Texas, and its parent company is a portfolio company of funds affiliated with Apollo Global Management, LLC (NYSE: APO) and Riverstone Holdings LLC, which committed up to $600 million in equity to Talos's parent company in February 2012. The Talos Senior Notes mature February 15, 2018, and were issued at 99.025 for an effective yield of 10.0% per annum. The new investment was funded with borrowings under the Company's revolving credit facility. The Company participated in a bridge loan commitment with Talos that was never funded, resulting in the Company receiving a commitment fee totaling $112,500. Spirit Restructuring On January 25, 2013, the Company restructured its $13.5 million Senior Secured Term Loan (the "Original Term Loan") with Spirit Resources, LLC ("Spirit"). Under the terms of the restructuring: (i) $8.0 million of the Original Term Loan was converted into Preferred Units, with the remaining $5.5 million structured as a Senior Secured Tranche A Term Loan (the "Tranche A Term Loan"); (ii) the Company provided $4.5 million of additional borrowing capacity in the form of a Senior Secured Tranche B Term Loan (the "Tranche B Term Loan"); (iii) the Company received a 3% overriding royalty interest in Spirit's oil and gas properties; and (iv) the Company conveyed its 33% penny warrants back to Spirit.