Houston, May 6, 2013 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (NASDAQ: NGPC) (the "Company")today announced the closing of its third non-energy middle marketportfolio investment. On April 22, 2013, the Company closed a$17.5 million Second Lien Term Loan to fund a portion of theacquisition of IGI Corp. ("IGI") by Nekoosa Coated Products("Nekoosa"), a portfolio company of Wingate Partners, aDallas-based private equity group. The Second Lien Term Loanearns interest payable in cash at an annual rate of 13% pluspaid-in-kind interest of 2% per annum and matures in October2018. The Nekoosa business, originally started in 1961 as a divisionof 3M Company, is a leading manufacturer of carbonless sheets andan expanding line of specialty products used by digital and offsetprinters in the commercial printing industry. IGI is theparent company of RTape Corp., a leading manufacturer ofapplication tape and a wide range of other products for the sign,screen print and digital printing markets, and CET Films Corp., amanufacturer of custom extruded films for a range of niche graphicarts and ancillary markets. Jason Reed, Principal at Wingate Partners, said, "NGPC reallydelivered for Wingate and Nekoosa on this transaction. We hadan accelerated schedule to close the IGI acquisition and NGPC metour timetable, moving rapidly from initial term sheet to acommitment through due diligence and closing. They deliveredon every promise, and we really enjoyed working with them. Welook forward to working with NGPC on Nekoosa and in the future onother Wingate deals." Steve Gardner, the Company's President and CEO stated, "We arevery pleased to participate in this transaction and expand ourrelationship with Wingate Partners. The combination of IGIand Nekoosa is an attractive opportunity given the similarities inmanufacturing processes and strong relationships with theirrespective channel partners, and we look forward to their continuedexpansion and success. This investment increases our totalyear-to-date new investment activity to $72 million, and middlemarket non-energy investments now make up approximately 18% of ourinvestment portfolio."
About NGP Capital Resources CompanyNGP Capital Resources Company is a closed-end, non-diversifiedmanagement investment company that has elected to be regulated as abusiness development company under the Investment Company Act of1940. We principally invest in private companies and fromtime to time, we may also invest in public companies. Weinvest primarily in senior secured and mezzanine loans according toour business plan and in some instances receive equity interests inportfolio companies in connection with such investments. Ourmanager is NGP Investment Advisor, LP, an affiliate of NGP EnergyCapital Management ("NGP ECM"). Founded in 1988, NGP ECM is apremier investment franchise in the natural resources industry,which together with its affiliates has managed approximately $13billion in cumulative committed capital since inception. Forward-Looking Statements This press release may contain forward-looking statements. We may use words such as "anticipates," "believes," "intends,""plans," "expects," "projects," "estimates," "will," "should,""may" and similar expressions to identify forward-lookingstatements. These forward-looking statements are subject tovarious risks and uncertainties. Certain factors could causeactual results and conditions to differ materially from thoseprojected, including the uncertainties associated with the timingof transaction closings, changes in interest rates, availability oftransactions, the future operating results of our portfoliocompanies, regulatory factors, changes in regional, national, orinternational economic conditions and their impact onthe industries in which we invest, other changes in the conditionsof the industries in which we invest and other factors enumeratedin our filings with the Securities and Exchange Commission (the"SEC"). You should not place undue reliance on such forward-lookingstatements, which speak only as of the date they are made. Weundertake no obligation to update our forward-looking statementsmade herein, unless required by law. Persons considering an investment in NGP Capital ResourcesCompany should consider the investment objectives, risks, andcharges and expenses of the Company carefully beforeinvesting. Such information and other information about us isavailable in our annual report on Form 10-K, in our quarterlyreports on Form 10-Q and in prospectuses we issue from time to timein connection with our offering of securities. Such materialsare filed with the SEC and copies are available on the SEC'swebsite, www.sec.gov, and in theInvestor Relations section of our website at www.ngpcrc.com. Prospectiveinvestors should read such materials carefully beforeinvesting. INVESTMENT CONTACT: Please send investment proposals to: