| Date | Title | | | 12/30/04 | American Capital Invests $24 Million in Recapitalization of Tensar | Bethesda, MD - December 30, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $24 million in the recapitalization of its portfolio company, The Tensar Corporation ("Tensar"). American Capital's new investment takes the form of senior and junior subordinated debt. The company's existing lenders are participating in the recapitalization. In conjunction with this transaction, Tensar redeemed $1.2 million of American Capital's redeemable preferred stock plus $0.4 ... |
|  | | 12/30/04 | American Capital Appoints Samuel A. Flax Executive Vice President and General Counsel | Bethesda, MD - December 30, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that its Board of Directors has elected Samuel A. Flax, 48, to the newly created post of Executive Vice President and General Counsel, effective January 1, 2005. Mr. Flax is currently a partner in the Washington, D.C., law firm of Arnold & Porter LLP and has been American Capital's principal external counsel since before the company's 1997 initial public offering. He will also serve as the company's... |
| | | 12/28/04 | American Capital Invests $89 Million in Buyout of Pasternack Enterprises | Bethesda, MD - December 28, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $89 million in the acquisition of Pasternack Enterprises, a manufacturer, marketer and value-added distributor of coaxial, fiber optic connectors, adaptors, cables, and other related electronic parts. American Capital's investment takes the form of senior term debt, senior and junior subordinated debt and equity. American Capital is also providing a revolving credit facility. CEO Chu... |
| | | 12/22/04 | American Capital Invests $33 Million in Leading Diversified Automotive Aftermarket Parts Manufacturer | Bethesda, MD - December 22, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $33 million in Qualitor Inc., a diversified automotive aftermarket parts manufacturer. American Capital's investment takes the form of senior and junior subordinated debt and preferred and common equity. A syndicate of lenders led by Antares Capital Corporation is investing in a revolving credit facility, senior term loans and a second lien term loan. Thayer Capital Partners is the le... |
| | | 12/21/04 | American Capital Invests $39 Million in Buyout of Elynx | Bethesda, MD - December 21, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $39 million in the buyout of eLynx Ltd., the leading provider of secure electronic document delivery ("EDD") solutions to the mortgage industry. American Capital's investment takes the form of a revolving credit facility, senior term loan, senior and junior subordinated debt and redeemable preferred and common equity. eLynx management is also investing in equity. Post close, American... |
| | | 12/17/04 | American Capital Receives Proceeds of $43 Million from Two Exits | Bethesda, MD - December 17, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has received net proceeds of $43 million from the full or partial exits of two portfolio companies, realizing a gain of $11 million.
Texstars Inc.
American Capital has realized a gain of $11 million from the sale of its portfolio company Texstars Inc. to Hampson Industries PLC. American Capital received total proceeds of $34 million upon the exit, earning a 27% compounded annual rate of return o... |
| | | 12/17/04 | American Capital Declares Additional 2004 Dividend of $0.06 Per Share | Bethesda, MD - December 17, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that its Board of Directors has declared an additional dividend on its common stock of $0.06 per share payable on January 18, 2005 to shareholders of record as of December 31, 2004. Total dividends declared for 2004 are $2.91 per share, an increase of 4% over 2003.
American Capital must make certain distributions of its taxable income in order to maintain its tax status as a regulated investment com... |
| | | 12/15/04 | American Capital Gains Greater Participation in Its Dividend Reinvestment Program by Adding 5% Discount | Bethesda, MD - December 15, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that participation in its Dividend Reinvestment Program (DRIP) has increased significantly since the Company began offering a 5% discount on shares purchased through the DRIP. Shareholders who are not now enrolled in the DRIP but enroll in advance of the record date for American Capital's forthcoming extra dividend and in conformity with Nominee or Equiserve rules may also benefit from the 5% discoun... |
| | | 12/02/04 | American Capital Completes $500 Million Securitization | Bethesda, MD - December 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that ACAS Business Loan Trust 2004-1, a wholly owned affiliate of American Capital, has issued $410 million of investment grade notes backed by $500 million of senior and subordinated business loans originated by American Capital. Wachovia Capital Markets LLC acted as the lead manager, structuring and placement agent and initial purchaser of the securities. Citigroup Global Markets Inc. and J.P. Morg... |
| | | 12/01/04 | American Capital Invests $46 Million in Buyout of Hospitality Mints | Bethesda, MD - December 1, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $46 million in Hospitality Mints LLC, a leading, vertically integrated niche provider of custom-imprinted and individually wrapped mints and candies. American Capital's investment takes the form of senior term debt, senior and junior subordinated debt with warrants and equity. Texas Capital Bank is providing a revolving loan facility and a senior term loan. Hospitality Mints management... |
| | | 11/30/04 | American Capital Invests in Leading Remanufacturer of Starters, Alternators in Automotive Aftermarket | Bethesda, MD - November 30, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $66 million in BBB Industries Inc., a leading remanufacturer of starters and alternators for sale in the automotive aftermarket. American Capital's investment takes the form of a revolving credit facility, senior term notes and senior subordinated debt to provide liquidity for the growth needs of the Company. ShoreView Industries is the sponsor. BBB's current senior management team i... |
| | | 11/16/04 | American Capital Adds Bank of America to Credit Facility | Bethesda, MD - November 16, 2004 - American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq:ACAS)announced today that a Bank of America administered Asset Backed Commercial Paper conduit has joined an affiliate of Wachovia Bank, N.A., JPMorgan Chase Bank and Citigroup Global Markets Realty Corp. ("CGMRC"), an affiliate of Citigroup Inc., as a lender in one of American Capital's revolving credit facilities, committing up to $150 million in additional capacity. This results i... |
| | | 11/03/04 | American Capital Portfolio Company Bridgeport International Receives $11 Million in Asset and Inventory Sale | Bethesda, MD - November 3, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that affiliates of its portfolio company Bridgeport International LLC ("BIL") are receiving approximately $11 million from Hardinge Inc. (Nasdaq: HDNG) in the sale of the intellectual property rights, certain assets and certain inventory associated with Bridgeport's worldwide operations. The proceeds are expected to be used to repay American Capital debt. In 2002, affiliates of BIL entered into an agr... |
| | | 11/02/04 | American Capital Declares $0.73 Q4 Dividend, Reports Q3 Results | Bethesda, MD - November 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today its Board of Directors has declared a fourth quarter 2004 regular dividend of $0.73 per share, payable on December 30, 2004 to record holders as of November 15, 2004. This dividend is a 6% increase over the fourth quarter 2003 regular dividend of $0.69 per share. American Capital has paid a total of $583 million in dividends and paid or declared $15.97 in dividends per share since its August 1997 IPO ... |
| | | 11/01/04 | American Capital Invests $26 Million in Leading Designer, Manufacturer & Distributor of Western-Style Accessories | Bethesda, MD - November 1, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $26 million in Montana Silversmiths Inc. ("Montana"), a leading designer, manufacturer and distributor of accessories, jewelry and lifestyle products for the western industry. American Capital's investment takes the form of a senior term loan and senior subordinated debt and supports Thompson Street Capital Partners' and management's acquisition of Montana. American Capital is also pro... |
| | | 10/29/04 | American Capital Receives Proceeds of $59 Million from Five Exits | Bethesda, MD - October 29, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received proceeds of $59 million from the partial or full exits of five portfolio companies, resulting in a net realized loss on these investments of $0.3 million during the third quarter of 2004 and earning 18%, 20%, 39%, 42% and 46% compounded annual returns on these investments, including all fees, interest and principal received over the life of American Capital's investments in these comp... |
| | | 10/28/04 | American Capital to Report Third Quarter Earnings on November 2 | Shareholder Call Scheduled for November 3
Bethesda, MD - October 28, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report third quarter 2004 earnings on Tuesday, November 2, 2004. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, November 3 at 11:00 am ET. The dial in number will be (800) 230-1092. International callers should dial (612) 288-0318. Please advise the operator y... |
| | | 10/27/04 | American Capital Invests $15 Million in Global Leader in Protective Cases and Professional Flashlights | Bethesda, MD - October 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $15 million in Pelican Products Inc. ("Pelican"), a global leader in the design, development and manufacture of unbreakable, watertight protective cases and technically advanced professional flashlights. American Capital's investment takes the form of a second lien loan and supports Behrman Capital's acquisition of Pelican. A syndicate led by GE Capital Corporation, a unit of General ... |
| | | 10/19/04 | American Capital Invests Additional $15 Million in Portfolio Company Civco Holdings | Bethesda, MD - October 19, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested an additional $15 million in its portfolio company CIVCO Holdings Inc. ("CIVCO"), a global specialist in design, manufacture and marketing of specialized medical products for ultrasound and minimally invasive surgical equipment and procedures. American Capital's investment takes the form of junior subordinated debt with warrants and brings its total current investment in CIVCO to $30 ... |
| | | 10/15/04 | American Capital Underwriters Exercise Over-Allotment Option | Bethesda, MD - October 15, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that the underwriters in American Capital's previously announced common stock offering have exercised their over-allotment option and have purchased an additional 1,725,000 shares of its common stock at $31.60 per share. The transaction closed today.
With the exercise of the over-allotment option, a total of 13,225,000 shares of common stock were sold in the offering, including 11,500,000 shares sol... |
| | | 10/08/04 | American Capital Invests $24 Million in Buyout of Leading Designer, Manufacturer of Specialty Molds & Precision Products | Bethesda, MD - October 8, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $24 million in the buyout of Weber Manufacturing Limited ("Weber"), a Midland, Ontario based designer and manufacturer of large-cavity specialty molds and precision products for the automotive, aerospace and building products industries. American Capital's investment takes the form of senior subordinated debt and preferred and common equity. Bank of Nova Scotia is providing a revolving... |
| | | 09/30/04 | American Capital Invests $7 Million in Acquisition of Currency Protection Tracking System Company | Bethesda, MD - September 30, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested an additional $7 million in its portfolio company 3SI Security Systems ("3SI") to support the acquisition of the assets of U.S. Currency Protection Corp. ("USCPC"). American Capital's additional investment takes the form of junior and senior subordinated debt and brings the Company's total current investment in 3SI to $65 million. Union Bank of California NA provided the original re... |
| | | 09/24/04 | American Capital Completes Public Offering of Common Stock | Bethesda, MD - September 24, 2004 - American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq:ACAS)announced today it has closed on its previously announced common stock offering. As a result, 11,500,000 shares of common stock were sold at $31.60 per share (the "Offering Price"). Of those shares, 2,500,000 were offered directly by the Company and 9,000,000 were sold in connection with agreements to purchase common stock from American Capital for delivery at future dates (the... |
| | | 09/21/04 | American Capital Prices Public Offering of Common Stock | Bethesda, MD - September 21, 2004 - American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq:ACAS) announced today it has priced its public offering of 11,500,000 shares of its common stock at $31.60 per share. Of those shares, 2,500,000 shares were offered directly by the Company and 9,000,000 shares are being sold in connection with agreements to purchase common stock from American Capital at a future date (the "Forward Sale Agreements"), as discussed below. American Ca... |
| | | 09/17/04 | American Capital Invests $40 Million in Panelized Building Component Manufacturer | Bethesda, MD - September 17, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $40 million in Erickson Construction Co. Inc., a cost-effective manufacturer of panelized building components for the homebuilding industry. American Capital's investment takes the form of a Term B loan and supports the acquisition of Erickson by a private equity firm.
"We are pleased to be investing in Erickson Construction, a strong, well established company," said American Capit... |
| | | 09/15/04 | American Capital Invests $65 Million in Combination of Two Leading Disposable Glove Companies | Bethesda, MD - September 15, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $65 million in BarrierSafe Solutions International, which now owns Microflex Corporation and FoodHandler Inc., two leading companies in the development and marketing of disposable gloves and related products in a variety of end use markets. American Capital's investment takes the form of a senior term loan and senior and junior subordinated debt. Microflex Corporation was a portfoli... |
| | | 09/10/04 | American Capital Receives Proceeds of $31 Million from Three Exits | Bethesda, MD - September 10, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received prepayments of debt investments of $25 million by two portfolio companies, realizing $1.2 million in gains. American Capital also announced that it has completely exited another portfolio company, receiving $6 million in repayments and realizing a $7.3 million loss on its investment, which had previously been depreciated and on non-accrual status.
Since its August 1997 IPO through... |
| | | 09/08/04 | American Capital Issues $167 Million in Unsecured Debt | Bethesda, MD - September 8, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has issued $167 million of long-term unsecured five- and seven-year notes in a private placement. The five-year notes, which totaled $82 million, have a fixed interest rate of 5.92%. The seven-year notes, which totaled $85 million, have a fixed interest rate of 6.46%. Net proceeds from the sale of the notes will be used to repay outstanding indebtedness under the American Capital's revolving c... |
| | | 09/07/04 | American Capital Announces Public Offering of Common Stock | Bethesda, MD - September 7, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to make a public offering of 10,000,000 shares of its common stock, of which 6,000,000 shares are being offered by the underwriters in connection with agreements to purchase common stock from American Capital at a future date as discussed below and 4,000,000 shares are being offered directly by American Capital. American Capital has granted the underwriters an option to purchase up to an a... |
| | | 09/02/04 | American Capital Invests $14 Million in Dynisco to Fund Acquisition | Bethesda, MD - September 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $14 million in its portfolio company Dynisco LLC to support Dynisco's acquisition of Alpha Technologies US LP, the leading global designer and manufacturer of precision instruments and software for the rubber processing industry. American Capital's investment takes the form of senior subordinated debt, intermediate subordinated debt with warrants and common equity, bringing American... |
| | | 09/01/04 | American Capital Invests $12 Million in Leading Global Supplier of Steel Clamps | Bethesda, MD - September 1, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $12 million in Breeze Industrial Products Corporation, a leading global supplier of proprietary and patented steel clamps primarily serving the heavy duty truck, automotive and industrial sectors. American Capital's investment takes the form of senior and junior subordinated debt and supports the acquisition of Breeze by Wind Point Partners. Albion Alliance LLC is also investing in t... |
| | | 08/27/04 | American Capital Adds Citigroup Affiliate to Gredit Facility | Bethesda, MD - August 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that Citigroup Global Markets Realty Corp. ("CGMRC"), an affiliate of Citigroup Inc., has joined an affiliate of Wachovia Bank, N.A. and JPMorgan Chase Bank as a lender in one of American Capital's revolving credit facilities, committing up to $100 million in additional capacity. This results in an increase in the maximum availability under the facility to $700 million.
"We have been actively expand... |
| | | 08/24/04 | American Capital Invests $25 Million in Leading Designer and Manufacturer of Concrete Saws | Bethesda, MD - August 24, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $25 million in Soff-Cut International Inc., a leading designer and manufacturer of specialized Ultra Early Entry™ concrete saws for the commercial and residential construction markets. American Capital's investment takes the form of a senior term loan and senior and junior subordinated debt and supports Westar Capital LLC's debt recapitalization of its portfolio company Soff-Cut. Ameri... |
| | | 08/18/04 | American Capital Invests $58 Million in Two New Portfolio Companies | Bethesda, MD - August 19, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $58 million in two new portfolio companies. One company, Evenflo Company Inc., is a leading supplier of juvenile products for children ranging from infants to preschoolers. The investment supports Harvest Partners Inc.'s acquisition of Evenflo from Kohlberg, Kravis Roberts & Co. The other company, Schoor DePalma Inc., is a leading diversified provider of design and engineering services... |
| | | 08/16/04 | American Capital Commits $22 Million to Add-on Investment in Futurelogic | Bethesda, MD - August 16, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has committed $22 million to an add-on investment in Futurelogic Inc., a leading designer and developer of thermal printer solutions, supporting ClearLight Partners LLC's refinancing of Futurelogic. Proceeds of the new funding will be used, in part, to repay approximately $11 million in senior notes held by American Capital affiliates. An existing American Capital revolving loan facility will be te... |
| | | 08/11/04 | American Capital Adds JPMorgan Chase to Credit Facility | Bethesda, MD - August 11, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that JPMorgan Chase Bank has joined an affiliate of Wachovia Bank, N.A. as a lender in one of American Capital's revolving credit facilities, committing up to $250 million in additional capacity. This results in an increase in the maximum availability under the facility to $600 million.
"We are pleased to establish a new credit relationship with JPMorgan Chase," said American Capital CFO John Erickson... |
| | | 08/09/04 | American Capital Invests $11 Million in Leading Manufacturer, Distributor of Coated Cable, Cable Assembly Products and Accessories | Bethesda, MD - August 9, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $11 million in Sanlo Manufacturing Co. Inc., a leading manufacturer and distributor of coated cable, cable assembly products and accessories, in support of its acquisition by Cortec Group. American Capital's investment takes the form of senior and junior subordinated debt with warrants. Merrill Lynch Capital is providing a revolving loan and invested in senior debt. Cortec Group investe... |
| | | 08/06/04 | American Capital Announces 5% Discount on Shares Purchased Through Its Dividend Reinvestment Plan | Bethesda, MD - August 6, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has amended its Dividend Reinvestment Plan ("DRIP"), to provide a 5% discount on shares purchased through the reinvestment of dividends, effective for dividends paid starting in December 2004 and thereafter and subject to the terms of the DRIP.
"American Capital has paid or declared over $524 million of dividends since our IPO in August 1997. With our latest dividend declaration of $.72 per share, ... |
| | | 08/04/04 | American Capital Invests $43 Million in HMS Healthcare | Bethesda, MD - August 4, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $43 million in HMS Healthcare Inc., a holding company established for the acquisition of Sloans Lake Managed Care ("SLMC") and PPOM LLC, two independent non-risk access preferred provider organizations ("PPOs"). American Capital's investment takes the form of senior subordinated debt, junior subordinated debt with warrants and preferred and common equity. GE Capital Corporation, a uni... |
| | | 08/03/04 | American Capital Declares $0.72 Q3 Dividend, Reports Q2 Results | Bethesda, MD - August 3, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today its Board of Directors has declared a third quarter 2004 regular dividend of $0.72 per share, payable on October 1, 2004 to record holders as of August 16, 2004. This dividend is a 4% increase over the third quarter 2003 regular dividend of $0.69 per share. American Capital has paid a total of $524 million in dividends, and paid or declared $15.24 in dividends per share since its August 1997 IPO at $15... |
| | | 07/28/04 | American Capital Receives $60 Million in the Sale and Prepayments of Three Investments | Bethesda, MD - July 28, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received prepayments of debt investments on the balance of $60 million of originally invested capital by two portfolio companies, realizing $1.4 million in gains. American Capital also announced that it has also sold its subordinated debt investment in another portfolio company, realizing a $6.8 million loss.
For a chart listing American Capital's exited portfolio companies click here.
Through... |
| | | 07/27/04 | American Capital Invests $43 Million in Buyout of Leading Producer & Marketer of Refrigerated Dips, Spreads & Seafood Salads | Bethesda, MD - July 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $43 million in the buyout of Future Food LP, a producer and marketer of refrigerated dips, spreads and seafood salads, from Transition Capital Partners and Private Equity Partners. American Capital's investment takes the form of a senior term loan, senior and junior subordinated debt with warrants and common partnership interests. Texas Capital Bank, a subsidiary of Texas Capital Bancsh... |
| | | 07/27/04 | American Capital Invests $35 Million in Leading Manufacturer & Marketer of Automotive & Recreational Vehicle Aftermarket Products | Bethesda, MD - July 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $35 million in Hopkins Manufacturing Corp., a leading manufacturer and marketer of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarket. American Capital's investment takes the form of senior and junior subordinated debt and redeemable preferred equity and supports the acquisition of Hopkins by Friend Skoler Equity Investors LP f... |
| | | 07/27/04 | American Capital to Report Second Quarter Earnings on August 3 | Bethesda, MD - July 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report second quarter 2004 earnings on Tuesday, August 3, 2004. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, August 4 at 11:00 am ET. The dial in number will be (888) 496-6261. International callers should dial (303) 242-0016. Please advise the operator you are dialing in for the American Capital Sh... |
| | | 07/14/04 | American Capital Completes $124 Million Common Stock Offering
Underwriters Exercise Over-Allotment Option in Part| Bethesda, MD - July 14, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has closed on its previously announced common stock offering and the underwriters exercised in part their over-allotment option. As a result, American Capital sold in the offering a total of 4,425,000 shares of its common stock at $28.00 per share. The total gross proceeds from the offering, including the over-allotment, were approximately $123.9 million.
A.G. Edwards & Sons, Inc., BB&T Capita... |
| | | 07/13/04 | American Capital Invests $15 Million in Global Manufacturer of Test, Measurement & Process Control Equipment | Bethesda, MD - July 13, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $15 million in Dynisco LLC, a global manufacturer of branded test, measurement and process control devices for the plastics industry. American Capital's investment takes the form of senior subordinated debt and junior subordinated debt with warrants and supports Audax Private Equity's acquisition of Dynisco from an affiliate of Madison Capital Partners of Chicago, Illinois. Antares Cap... |
| | | 07/09/04 | American Capital Invests $26 Million in Leading Provider of Electronic Payment Processing Services | Bethesda, MD - July 9, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced it has invested $26 million in RPSI Inc., doing business as Retriever Payment Systems, a leading provider of electronic payment processing services and other related services to small and medium-sized merchants. American Capital's investment takes the form of senior subordinated debt and supports GTCR Golder Rauner LLC's recapitalization of Retriever. Merrill Lynch Capital is providing a revolving credit fac... |
| | | 07/09/04 | American Capital Prices $112 Million Equity Offering | Bethesda, MD - July 9, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that the Company has priced an offering of 4 million shares of common stock to the public at $28.00 per share for total gross proceeds of approximately $112 million. A.G. Edwards & Sons, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, Inc., Legg Mason Wood Walker, Incorporated, Piper Jaffray & Co., and RBC Capital Markets are the underwriters. A.G. Edwards & Sons, Inc. is acting as the... |
| | | 07/07/04 | American Capital Invests $31 Million in Buyout of Leading Supplier of Guestroom Safes for Hospitality Industry | Bethesda, MD - July 7, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $33 million in its portfolio company Chronic Care Solutions Inc., doing business as CCS Medical ("CCS Medical"), to support CCS Medical's acquisition of the Pharmacy and Supply Division of Matria Healthcare Inc. (Nasdaq: MATR). American Capital's investment takes the form of subordinated debt and preferred equity. American International Group Inc. (NYSE: AIG) also invested in subordinat... |
| | | 07/07/04 | American Capital Announces Offering of Common Stock | Bethesda, MD - July 7, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to publicly offer 3,750,000 shares of its common stock. The net proceeds of the offering will be used to reduce the borrowings under American Capital's existing revolving credit facilities. This will create availability under these facilities, which will generally be available for funding future American Capital investments.
A.G. Edwards & Sons, Inc., BB&T Capital Markets, a division of Scott... |
| | | 07/02/04 | American Capital Invests $33 Million In Acquisiton by CCS Medical| Bethesda, MD - July 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $31 million in the acquisition of Safemark Systems L.P., a leading supplier of in-room safes to the hospitality industry, from Richards Capital Fund L.P. American Capital's investment takes the form of a senior term loan, senior subordinated debt, junior subordinated debt with warrants and redeemable preferred and common equity. American Capital is also providing a revolving credit faci... |
| | | 07/02/04 | American Capital Announces New $125 Million Credit Facility | Bethesda, MD - July 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has obtained a $125 million securitized credit facility funded through a commercial paper conduit administered by Harris Nesbitt, the U.S. investment and corporate banking practice of BMO Financial Group (NYSE: BMO). The facility has a three year commitment with a one year revolving term and is priced at the cost of commercial paper plus 125 basis points, currently 2.61%. The facility is secured... |
| | | 06/25/04 | American Capital Invests $72 Million in the Buyout of Leading Global Manufacturer & Distributor of Radiation Detection Equipment | Bethesda, MD - June 25, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $72 million in the acquisition of synOdys Group SA, a leading manufacturer of systems and equipment to protect people and goods from nuclear, biological and chemical risks, from Acland Capital Investissement and management. American Capital's investment takes the form of senior debt, senior and junior subordinated debt and common and redeemable preferred equity. American Capital is als... |
| | | 06/24/04 | American Capital Invests $10 Million in Leading Independent Recycler & Renderer of Food Processing by-Products | Bethesda, MD - June 24, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $10 million in the recapitalization of Valley Proteins Inc., a leading independent recycler and renderer of food processing by-products. American Capital's investment takes the form of senior subordinated debt. US Bank NA and a syndicate of lenders are providing a revolving credit facility and a senior term loan. Valley Proteins management retains its ownership.
"American Capital's re... |
| | | 06/18/04 | American Capital Invests $74 Million in Diversified Consumer Electronics Company | Bethesda, MD - June 18, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $74 million in the recapitalization of Directed Electronics Inc., a diversified consumer electronics company and the world's largest designer and marketer of consumer branded vehicle security and convenience systems. American Capital's investment takes the form of senior and junior subordinated debt. Wachovia Capital Markets LLC, CIBC World Markets LLC and a senior bank syndicate are p... |
| | | 06/17/04 | American Capital Invests $71 Million in Buyout of Leading Manufacturer, Marketer and Distributor of Expandable Polystyrene Foam Products | Bethesda, MD - June 17, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $71 million in the acquisition of Life-Like Products LLC from ZS Fund LP. Life-Like is a leading manufacturer, marketer and distributor of expanded polystyrene foam ("EPS") consumer and industrial products and a marketer and distributor of hobby trains, train sets and racecars. American Capital's investment takes the form of senior term loans, senior subordinated debt, junior subord... |
| | | 06/07/04 | American Capital Invests $17 Million in Leading Manufacturer of Corks for the Global Wine & Spirits Industry | Bethesda, MD - June 7, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $17 million in Supreme Corq Inc., a leading manufacturer of thermoplastic elastomer corks for the global wine and spirits industry. American Capital's investment takes the form of a revolving credit facility, a senior term loan and senior subordinated debt with warrants and supports the acquisition of Supreme Corq by Graham Partners.
"We are pleased to be working again with Graham Partne... |
| | | 05/28/04 | American Capital Completes $192 Million Common Stock Offering | Bethesda, MD - May 28, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has closed on its previously announced common stock offering and the underwriters exercised their over-allotment option in full. As a result, American Capital sold in the offering a total of 7,475,000 shares of its common stock at $25.71 per share. The total gross proceeds from the offering, including the over-allotment, were approximately $192.2 million.
Citigroup, Wachovia Securities, J.P. M... |
| | | 05/27/04 | American Capital Invests $44.5 Million in Buyout of Imaging and Sensing Technology Corporation | Bethesda, MD - May 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $44.5 million in the buyout of Imaging and Sensing Technology Corporation ("IST"), a leading designer and assembler of equipment for use in nuclear power plants. American Capital's investment takes the form of a senior term loan, senior and junior subordinated debt with warrants, redeemable preferred stock and common equity. American Capital is also providing a revolving credit fac... |
| | | 05/26/04 | American Capital Realizes $4 Million Gain | Bethesda, MD - May 26, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has been repaid its $40 million senior and subordinated debt investments in ACE Cash Express Inc. (Nasdaq: AACE), realizing a 24% compounded annual rate of return. ACE, one of the nation's largest owners, operators and franchisors of retail financial services stores, has used proceeds from its recent successful follow-on public stock offering to repay the American Capital notes. The 24% return ... |
| | | 05/24/04 | American Capital Realizes 33% Return on Investment in Bumble Bee | Bethesda, MD - May 24, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it and a wholly-owned affiliate of American Capital have been repaid its $15 million senior subordinated debt investment in Bumble Bee Seafoods L.P. and received a distribution related to its limited partnership investment in Bumble Bee. American Capital and its affiliate realized a gain of $1.2 million on the repayment of the debt and on the distribution related to its equity investment. America... |
| | | 05/24/04 | American Capital Prices $167 Million Equity Offering | Bethesda, MD - May 24, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that the Company has priced an offering of 6.5 million shares of common stock to the public at $25.71 per share for total gross proceeds of approximately $167 million. Citigroup, Wachovia Securities, J.P. Morgan Securities Inc. and UBS Securities LLC are the underwriters. Citigroup is acting as book-running manager of the offering. American Capital has granted the underwriters an option to purchase a... |
| | | 05/14/04 | American Capital Realizes 38% Annual Return and $9.5 Million Gain on Investment in Par Systems | Bethesda, MD - May 14, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has partially exited its investment in ACAS Acquisitions (PaR Systems), Inc. and its wholly-owned subsidiary, PaR Systems Inc., earning a 38% compounded annual return and realizing a $9.5 million gain. The 38% return includes the realized gain and the interest and fees received over the life of American Capital's investment in the company. The partial exit has resulted from the purchase of a 81... |
| | | 05/12/04 | American Capital Invests $60 Million in the Hilsinger Company, Leading Provider of Eyecare Accessories and Supplies | Bethesda, MD - May 12, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $60 million in the recapitalization of The Hilsinger Company Inc., the leading provider of eye care accessories and supplies in the U.S. and United Kingdom. American Capital's investment takes the form of senior term debt, a senior secured acquisition line and senior and junior subordinated debt. American Capital is also providing a revolving credit facility. ICV Capital Partners and ... |
| | | 05/12/04 | American Capital Announces Offering of Common Stock | Bethesda, MD - May 12, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to publicly offer 5,600,000 shares of its common stock. The net proceeds of the offering will be applied to reduce the borrowings under American Capital's existing revolving credit facilities. This will create availability under these facilities, which will generally be available for funding future American Capital investments.
Citigroup, Wachovia Securities, UBS Securities LLC and J.P. Morgan... |
| | | 05/04/04 | American Capital Declares $0.70 Q2 Dividend, Reports Q1 Results | Bethesda, MD - May 4, 2004 - American Capital Strategies, Ltd. (Nasdaq: ACAS)announced today its Board of Directors has declared a second quarter 2004 regular dividend of $0.70 per share, payable on July 1, 2004 to record holders as of May 18, 2004. This dividend is a 3% increase over the second quarter 2003 regular dividend of $0.68 per share. American Capital has paid a total of $476 million in dividends, and paid or declared $14.52 in dividends per share since its August 1997 IPO at $15.00 ... |
| | | 05/03/04 | American Capital Stockholders Elect Directors, Approve Increase in Authorized Shares | Bethesda, MD - May 3, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) stockholders re-elected two directors of the Company, increased the Company's total authorized shares of common stock from 70 million to 200 million, approved the Company's 2004 Employee Stock Option Plan and approved a proposal to issue warrants to purchase up to 10 million shares of the Company's common stock. Stockholders also approved the continuation of Ernst & Young LLP as the Company's independent auditors.
Mary... |
| | | 05/03/04 | American Capital Realizes $4 Million Gain | Bethesda, MD - May 3, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that it has realized a $4 million gain on the repayment of its $18.75 million senior subordinated debt investment in Atlantech International Inc. American Capital retains its preferred equity, common equity and warrant investments totaling approximately 7% diluted ownership in Atlantech. Based on the most recent quarterly valuation of its equity investments in Atlantech, American Capital has earned a tota... |
| | | 05/03/04 | American Capital Credit Facility Increased to $350 Million | Bethesda, MD - May 3, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that subsidiaries of Wachovia Corporation (NYSE: WB), have increased the amount available under American Capital's Commercial Paper Conduit Credit Facility to $350 million from $225 milion.
"The credit facility expansion helps us meet the demands of a growing pipeline of investment opportunities," said American Capital CFO John Erickson. "Wachovia continues to be a tremendous relationship and their willi... |
| | | 04/30/04 | American Capital Names Frank Do Senior Vice President, Managing Director in Los Angeles Office | Bethesda, MD - April 30, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today the promotion of Frank Do to Senior Vice President and Managing Director. He will lead American Capital's nine person Los Angeles office.
"We are very happy to announce Frank Do's promotion to Senior Vice President and Managing Director in American Capital's Los Angeles office," said American Capital Chairman, President and CEO Malon Wilkus. "Frank is a strong buyout professional and is the perfect ... |
| | | 04/27/04 | American Capital Encourages Stockholders To Submit Voting Instructions for Its Annual Meeting | Bethesda, MD - April 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it is encouraging all stockholders to submit promptly their voting instructions for the annual meeting of stockholders to be held on April 29, 2004. Stockholders who have not yet voted may still vote in advance of the meeting, either by telephone or Internet, as described below. Even if stockholders have returned their voting instruction forms through the mail, they may use the telephone or Intern... |
| | | 04/21/04 | American Capital To Report First Quarter Earnings on May 4
Shareholder Call Scheduled for May 5| Bethesda, MD - April 21, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report first quarter 2004 earnings on Tuesday, May 4, 2004. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, May 5 at 11:00 am ET. The dial in number will be (888) 276-9995. International callers should dial 612-332-0345. Please advise the operator you are dialing in for the American Capital Shareholder Ca... |
| | | 04/19/04 | American Capital Invests $46 Million in Buyout of Cottman Transmission Systems | Bethesda, MD - April 19, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $46.2 million in the acquisition of Cottman Transmission Systems LLC ("Cottman"), the second largest franchisor of automotive transmission repair centers in North America, from an affiliate of Sentinel Capital Partners LLC. American Capital's investment takes the form of senior and junior subordinated debt with warrants and redeemable preferred and common equity. Antares Capital Corp... |
| | | 04/16/04 | American Capital Comments on New Business Development Companies, Invests $15.6 Million in New Portfolio Company | Bethesda, MD - April 16, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today its views on new Business Development Companies (BDCs).
"This is an appropriate time to welcome the new BDCs that have recently gone public and those that may follow. They will accelerate the growing investor interest in BDCs," said Malon Wilkus, American Capital Chairman, President and CEO. "We have long thought it inevitable that private equity and mezzanine partnerships would ultimately adopt the... |
| | | 04/15/04 | American Capital Realizes Losses on Previously Depreciated Assets | Bethesda, MD - April 15, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that it has completely exited investments in three portfolio companies, realizing $60 million in losses on debt and equity assets that had been substantially depreciated in previous periods. The unrealized depreciation will be reversed and the realized losses will be recorded in the first quarter of 2004, netting to $8 million of loss not previously recognized. These exits will remove $37 million of l... |
| | | 04/01/04 | American Capital Invests $13 Million in Leading Interior Design Service Provider | Bethesda, MD - April 1, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $13 million in Interior Specialists Inc. ("ISI"), a leading provider of outsourced interior design and installation services for homebuilders in the Southwestern U.S. American Capital's investment takes the form of senior subordinated debt. The investment supports the acquisition of Interior Specialists by KRG Capital Partners LLC. The revolving credit facility and senior term loans w... |
| | | 03/31/04 | American Capital Invests $16 Million in Leading Provider of Corrosion Protection Products & Services | Bethesda, MD - March 31, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $16 million in Corrpro Companies Inc. (AMEX: CO), the leading single-source solution provider of corrosion protection related services, systems, equipment and materials. American Capital's investment takes the form of senior subordinated debt with warrants and, through a limited liability company established in conjunction with Wingate Partners, redeemable preferred equity with warrant... |
| | | 03/29/04 | American Capital Closes New $70 Million Secured Credit Facility | Bethesda, MD - March 29, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that is has closed a $70 million secured credit facility. Branch Banking and Trust Company, a subsidiary of BB&T Corporation (NYSE: BBT), is the agent and lead lender in the facility. LaSalle Bank N.A., a subsidiary of ABN AMRO NV (NYSE: ABN), Fifth Third Bank, a subsidiary of Fifth Third Bancorp (Nasdaq: FITB), and Hibernia National Bank, a subsidiary of Hibernia Corporation (NYSE: HIB), are also len... |
| | | 03/10/04 | American Capital Invests $27 Million in T-Netix | Bethesda, MD - March 10, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $27 million to support the acquisition of T-NETIX Inc., a leading provider of telecommunications products and services to correctional facilities. American Capital's investment takes the form of senior and junior subordinated debt and common equity, and supports the acquisition of T-NETIX by H.I.G. Capital in a going private transaction. Dymas Capital Management provided a revolving c... |
| | | 03/03/04 | American Capital Completes $72 Million Stock Offering | Bethesda, MD - March 3, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today that it has closed on its previously announced common stock offering and the underwriters exercised their over-allotment option in full. As a result, American Capital sold in the offering a total of approximately 2.2 million shares of its common stock at $33.04 per share. The total gross proceeds from the offering, including the over-allotment, were approximately $72 million.
UBS Securities LLC was th... |
| | | 02/25/04 | American Capital Prices $62.4 Million Equity Offering | Bethesda, MD - February 25, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that the company has priced an offering of 1.89 million shares of common stock to the public at $33.04 per share for total gross proceeds of approximately $62.4 million. UBS Securities LLC was the sole book-running manager for the offering. Friedman, Billings, Ramsey & Co., Inc. and RBC Capital Markets Corporation acted as co-managers of the offering. American Capital has granted the underwriters... |
| | | 02/24/04 | American Capital Announces Offering of Common Stock | Bethesda, MD - February 24, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to publicly offer 1,750,000 shares of its common stock. The net proceeds of the offering will be applied to reduce the borrowings under American Capital's existing revolving credit facility. This will create availability under this facility, which will generally be available for funding future American Capital investments.
UBS Securities LLC is acting as the sole book-running manager for ... |
| | | 02/23/04 | American Capital Realizes 27% Return on Investment in Plastech | Bethesda, MD - February 23, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today Plastech Engineered Products Inc. has prepaid American Capital's remaining subordinated debt investment, together with accrued interest and fees. Plastech prepaid $20 million of the original $30 million subordinated debt investment in the first quarter of 2003, resulting in a $1.6 million realized gain. In the first quarter of 2004, Plastech has prepaid the remaining $10 million subordinated debt ... |
| | | 02/20/04 | American Capital Invests $70.5 Million in Leading Global Supplier of Assembly Materials | Bethesda, MD - February 20, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $70.5 million in the buyout of Kester, a division of Northrop Grumman Corporation's (NYSE: NOC) Component Technologies sector and a leading global supplier of assembly materials to the electronic assembly, component, electrical and industrial marketplace. American Capital's investment takes the form of a revolving credit facility, senior term loans, senior and junior subordinated de... |
| | | 02/13/04 | American Capital Invests $21.6 Million in Leading Distributor of Aftermarket Golf Car Replacement Parts and Accessories | Bethesda, MD - February 13, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $21.6 million in Nivel Parts & Manufacturing Co. ("Nivel"), the largest independent distributor of aftermarket golf car replacement parts and accessories. American Capital's investment takes the form of a revolving credit facility, senior secured term loans, junior and senior secured subordinated debt with warrants and redeemable preferred and common equity. The investment supports... |
| | | 02/10/04 | American Capital Declares $0.70 Q1 2004 Dividend, Reports 2003 Results | Bethesda, MD - February 10, 2004 - American Capital Strategies, Ltd. (Nasdaq: ACAS) announced today its Board of Directors has declared a first quarter 2004 regular dividend of $0.70 per share, payable on March 31, 2004 to record holders as of February 24, 2004. This dividend is a 4% increase over the first quarter 2003 regular dividend of $0.67 per share. American Capital has paid a total of $429 million in dividends, and paid or declared $13.82 in dividends per share since its August 1997 IP... |
| | | 02/05/04 | American Capital Realizes 24% Return on Investment in Matcom | Bethesda, MD - February 5, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has completely exited its investment in MATCOM International Corporation. The exit results from the sale of MATCOM to SI International Inc. (Nasdaq: SINT), an information technology, network solutions, and systems engineering (IT) company. American Capital received a total of $15 million from the transaction to repay its senior debt and subordinated debt and purchase its common stock warran... |
| | | 02/04/04 | American Capital Invests $22.75 Million in Leading Manufacturer, Marketer of Healthcare and Fitness Products | Bethesda, MD - February 4, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $22.75 million to support the acquisition of The Hygenic Corporation, a leading manufacturer and marketer of branded and private label healthcare and fitness products. American Capital's investment takes the form of senior secured subordinated notes and preferred and common equity. Baird Capital Partners is the majority owner. Antares Capital Corporation and Madison Capital Funding... |
| | | 02/02/04 | American Capital Announces Characterization of 2003 Dividends | Bethesda, MD - February 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that its 2003 dividends of $2.79 per share were a distribution of ordinary income and should be reported to its stockholders as such on their 2003 IRS Form 1099-DIV. American Capital also announced that all of its 2003 dividends were ordinary non-qualified dividends.
"It has come to our attention that some brokers issuing Form 1099-DIV to their clients holding American Capital stock have mischaract... |
| | | 01/30/04 | American Capital to Report 2003 Results on February 10| Bethesda, MD - January 30, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report fourth quarter 2003 earnings on Tuesday, February 10, 2004. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, February 11 at 11:00 am ET. The dial in number will be 888-428-4470. International callers should dial 612-332-0718. Please advise the operator you are dialing in for the American Capital S... |
| | | 01/22/04 | American Capital Realizes $6 Million Gain on Investment in California Pellet Mill | Bethesda, MD - January 22, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that its has realized a $6 million gain by completely exiting its investment in California Pellet Mill, the world's leading supplier of process machinery for the animal feed and oilseed processing industries. The exit resulted from the sale of the company on December 31, 2003. American Capital received total proceeds of $30 million upon the exit, earning a 52% compounded annual rate of return on it... |
| | | 01/20/04 | American Capital Is Repaid by Transcore
Earns $1.7 MM Gain| Bethesda, MD - January 20, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has been repaid its $27 million subordinated debt investment in TransCore Holdings Inc., earning a $1.7 million realized gain and a 21% compounded annual return. TransCore's subordinated debt has been recapitalized by existing senior lenders. The repayment occurred in January and American Capital retains its warrant and preferred equity investments representing an approximately 8% ownership inte... |
| | | 01/02/04 | American Capital Invests $68 Million in Buyout of Leading Branded Specialty Foods Company | Bethesda, MD - January 2, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS)announced today it has invested $68 million in the buyout of Specialty Brands of America, Inc. ("SBA"), a leading specialty grocery packaged goods company. American Capital's investment takes the form of senior term debt, senior and junior subordinated debt, redeemable preferred stock and common equity. American Capital is also providing a revolving credit facility. SBA management is making a significant equity inv... |
| |
|
RSS Feeds
