| Date | Title | | | 12/29/05 | American Capital Invests $81 Million in Commercial Mortgage Backed Security Trust | Bethesda, MD - December 29, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $81 million in the BBB-, BB+, BB, BB-, B+, B, B- and non-rated tranches of J.P. Morgan Chase Commercial Mortgage 2005-LDP5 (2005-LDP5), a $4.2 billion commercial mortgage backed security trust (CMBS), the largest completed in 2005. This represents a 41% discount to the $136 million face value of these tranches. The CMBS is a pool of 195 commercial mortgage loans sold by JPMorgan Chas... |
|  | | 12/15/05 | American Capital Declares Additional 2005 Dividend of $0.03 Per Share; Additional Taxable Income to be Retained | Bethesda, MD - December 15, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that its Board of Directors has declared an additional dividend on its common stock of $.03 per share payable on January 18, 2006 to shareholders of record as of December 30, 2005. Total dividends declared for 2005 are $3.08 per share, an increase of 6% over 2004.
This additional dividend reflects a change in American Capital dividend practices. Previously, the Company has paid an additional year-e... |
| | | 12/14/05 | American Capital Invests $284 Million in Buyout of Ranpak Corporation | Bethesda, MD - December 14, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $284 million in the buyout of Ranpak Corporation from First Atlantic Capital Ltd. Ranpak is a leading manufacturer and marketer of paper-based "in-the-box" protective packaging systems and materials in North America, Europe and the Pacific Rim. American Capital's investment takes the form of senior and junior subordinated debt and redeemable preferred and common equity. A syndicate l... |
| | | 12/13/05 | American Capital Invests $90 Million in Leading Business-to-Business Solutions Provider | Bethesda, MD - December 13, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $90 million in the recapitalization of Inovis International Inc., a leading provider of business-to-business (B2B) software and services. A portion of the proceeds of the investment will be used for a shareholder distribution. American Capital's investment takes the form of a senior term B loan. A syndicate led by Wells Fargo Foothill is providing a revolving credit facility and in... |
| | | 12/07/05 | American Capital Recognizes $56 Million of Total Net Realized Gain from Five Exits | Bethesda, MD - December 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received total proceeds of $221 million from exits and prepayments of five portfolio companies, realizing a total net gain of $56 million. American Capital earned an 18%, 14%, 29% and 71% compounded annual rate of return on its investments in these companies, including the realized gains, interest, dividends and fees earned over the life of American Capital's investment in the companies.
... |
| | | 12/06/05 | American Capital Invests $114 Million in One Stop Buyout of Delstar Technologies | Bethesda, MD - December 6, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $114 million in the One Stop BuyoutTM of DelStar Technologies Inc., a leading manufacturer of highly-engineered, thermoplastic nonwoven products used by OEMs in filtration, healthcare and industrial applications. American Capital's investment takes the form of senior term loans, senior subordinated debt and equity. American Capital is also providing a revolving credit facility. Del... |
| | | 11/21/05 | American Capital Invests in Value Plastics | Bethesda, MD - November 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested in the recapitalization of Value Plastics Inc., a leading designer and manufacturer of branded, disposable fluid connectors used mainly in medical applications. American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and common equity. American Capital is also providing a revolving credit facility. Value Plastics management is investing ... |
| | | 11/18/05 | American Capital Prices Public Offering of Common Stock | Bethesda, MD - November 18, 2005 - American Capital Strategies Ltd.("American Capital" or the "Company") (Nasdaq:ACAS) announced today it has priced its public offering of 7 million shares of its common stock at $38.38 per share. Of those shares, 2 million shares are being offered directly by the Company and 5 million shares are being offered by the Counter-Parties (as defined below) in connection with agreements to purchase common stock from American Capital at a future date (the "Forward Sale ... |
| | | 11/10/05 | American Capital Invests $104 Million in Tensar | Bethesda, MD - November 10, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $104 million to support the acquisition of The Tensar Corporation, a current portfolio company, by an affiliate of Arcapita Bank B.S.C. Tensar is a full-service provider of specialty products and engineering services used for site development and transportation and environmental infrastructure. American Capital's new investment takes the form of senior second lien debt and junior s... |
| | | 11/09/05 | American Capital Announces Public Offering of Common Stock | Bethesda, MD - November 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to make a public offering of 7 million shares of its common stock, 5 million shares of which are being offered by the Counter-Parties (as defined below) in connection with agreements to purchase common stock from American Capital at a future date, and 2 million shares of which are being offered directly by American Capital. The Company has granted the underwriters an option to purchase up t... |
| | | 11/03/05 | Les Brownlee, Former U.S. Army Acting Secretary, to Work with American Capital to Identify and Invest in Federal Contractors | Bethesda, MD - November 3, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today Les Brownlee, former Acting Secretary of the Army, has become an advisor to American Capital with a mandate to identify investment opportunities in the federal contracting market and to work in support of those investments. Brownlee joins an ongoing effort led by David Ehrenfest Steinglass, Managing Director in the Bethesda, Maryland office of American Capital. Together, Steinglass and Brownlee will... |
| | | 11/01/05 | American Capital Declares $0.79 Q4 2005 Dividend, Reports $0.84 Net Operating Income Per Basic Share in Q3 2005 | Bethesda, MD - November 1, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today its Board of Directors has declared a fourth quarter 2005 regular dividend of $0.79 per share to record holders as of December 7, 2005, payable on December 29, 2005. This dividend is an 8% increase over the fourth quarter 2004 regular dividend of $0.73 per share. American Capital has paid a total of $868 million in dividends and paid or declared dividends of $19.08 per share since its August 1997 IPO... |
| | | 10/31/05 | American Capital Invests $32 Million in Leading Designer, Importer and Distributor of Accent Furniture | Bethesda, MD - October 31, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $32 million in the debt refinancing of Stein World LLC, a leading designer, importer and distributor of residential accent furniture and portable lighting. American Capital's investment takes the form of a senior term B loan and senior and junior subordinated debt. GE Antares Capital, a unit of GE Commercial Finance, and Dymas Capital Management are investing in a senior term A loan a... |
| | | 10/24/05 | American Capital Launches Commercial Mortgage Asset Management Group | Bethesda, MD - October 24, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that Douglas Cooper has joined the Company as Managing Director of the Commercial Mortgage Asset Management Group. Mr. Cooper was Managing Director at Allied Capital Corporation until mid-2005, where he was involved in all aspects of the company's Commercial Mortgage-Backed Securities investment program, including bond investment selection, real estate due diligence, structuring, securitization and s... |
| | | 10/24/05 | American Capital Receives Total Proceeds of $212 Million from Eight Exits | Bethesda, MD - October 24, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received total proceeds of $212 million from exits and prepayments of eight portfolio companies, realizing a total net loss of $1 million during the third quarter of 2005. HMS Healthcare Inc.American Capital has realized a gain of $6 million in the third quarter of 2005 from the sale of its portfolio company HMS Healthcare Inc., a preferred provider organization, to Aetna Inc. Americ... |
| | | 10/14/05 | American Capital to Report Q3 Results on November 1 | Bethesda, MD - October 14, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report third quarter 2005 earnings on Tuesday, November 1, 2005. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, November 2 at 11:00 am ET. The dial in number will be (800) 230-1951. International callers should dial +1 (612) 234-9960. Please advise the operator you are dialing in for the American Capit... |
| | | 10/10/05 | American Capital Completes $1 Billion Securitization | Bethesda, MD - October 10, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that ACAS Business Loan Trust 2005-1, a wholly owned, consolidated affiliate of American Capital, has issued $830 million of investment grade notes backed by $1 billion of senior and subordinated business loans originated by American Capital. The blended pricing of the offered notes, excluding fees, is LIBOR plus 36 basis points.
The private placement note offering to investors consists of the follo... |
| | | 10/07/05 | American Capital Invests $29 Million in Infiltrator Systems | Bethesda, MD - October 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $29 million in Infiltrator Systems Inc., a leading manufacturer of plastic chambers used in underground wastewater management systems. American Capital's investment takes the form of senior subordinated debt and supports Graham Partners' acquisition of Infiltrator. A syndicate led by Merrill Lynch Capital is providing senior financing, including a revolving credit facility, a capex fac... |
| | | 10/06/05 | American Capital Invests $35 Million in Leading Designer, Developer, Producer and Marketer of Portable Power Products | Bethesda, MD - October 6, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $35 million in the senior term B debt of Vector Products Inc. The proceeds of the investment will be used to expand Vector's research and development activities as well as for a shareholder distribution. Vector is a leading designer, developer, producer and marketer of portable power products for consumers in the automotive, marine, home and consumer electronics markets. Wachovia Bank ... |
| | | 10/05/05 | American Capital Invests $26 Million in Developer & Manufacturer of Pill Counting Machines for Pharmacies | Bethesda, MD - October 5, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $26 million in Kirby Lester LLC, a leading developer and manufacturer of pill counting machines for retail and chain pharmacies in the United States and Canada. American Capital's one stop debt financing solution takes the form of a senior term loan, senior subordinated debt and participating preferred equity. American Capital is also providing a revolving credit facility. The investme... |
| | | 09/19/05 | American Capital Invests $147 Million in One Stop Buyout™ of Soil Safe Holdings | Bethesda, MD - September 19, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $147 million in the One Stop Buyout™ of Soil Safe Holdings Inc. from The Halifax Group. Soil Safe is a provider of environmental services that include the treatment, disposal and re-use of lightly contaminated soil for real estate, infrastructure development and industrial customers in the Mid-Atlantic region. American Capital's investment takes the form of senior term loans, senior... |
| | | 09/15/05 | American Capital Prices Public Offering of Common Stock | Bethesda, MD - September 15, 2005 - American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq:ACAS) announced today it has priced its public offering of 7.5 million shares of its common stock at $37.11 per share. Of those shares, 2 million shares are being offered directly by the Company and 5.5 million shares are being offered by the Counter-Parties (as defined below) in connection with agreements to purchase common stock from American Capital at a future date (the "Forwar... |
| | | 09/08/05 | American Capital Provides Up to $52.5 Million to Gibson Guitar | Bethesda, MD - September 8, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has provided financing facilities of up to $52.5 million to Gibson Guitar Corp., a well-known designer, manufacturer, marketer and distributor of electric and acoustic guitars, bass guitars, banjos and mandolins, pianos, drums, keyboards, electronically synthesized instruments and a variety of instrument-related products and accessories, including amplifiers, speakers, string picks and straps. A... |
| | | 09/07/05 | American Capital Invests $34 Million in Evans Analytical Group | Bethesda, MD - September 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $34 million in Evans Analytical Group LLC ("EAG"). EAG is the world's largest independent provider of microanalytical surface analysis and materials characterization services. American Capital's investment takes the form of a senior term loan, senior subordinated debt and redeemable preferred equity. American Capital is also providing a revolving credit facility.
EAG was formed b... |
| | | 09/06/05 | American Capital Announces Public Offering of Common Stock | Bethesda, MD - September 6, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to make a public offering of 6 million shares of its common stock, 4 million shares of which are being offered by the Counter-Parties (as defined below) in connection with agreements to purchase common stock from American Capital at a future date, and 2 million shares of which are being offered directly by American Capital. The Company has granted the underwriters an option to purchase up ... |
| | | 08/19/05 | American Capital Invests $117 Million in Bushnell Performance Optics | Bethesda, MD - August 19, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $117 million in the senior and junior subordinated debt of Bushnell Performance Optics, a leading designer and marketer of a diversified portfolio of branded, high-performance sport optics and premium eyewear products targeting outdoor and sport enthusiasts. American Capital's investment supports Bushnell's acquisition of Michaels of Oregon Co., a leading manufacturer and marketer of a... |
| | | 08/18/05 | American Capital Announces Financing Commitments for European Capital | Bethesda, MD - August 18, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has entered into an aggregate of €201 million ($249 million) in equity commitments with a group of institutional investors on behalf of its European affiliate, European Capital Limited ("European Capital"), which is currently in formation. American Capital also announced that it will commit €499 million ($617 million) in equity financing for European Capital, bringing the total equity commitments f... |
| | | 08/17/05 | American Capital Invests $45 Million in Leading Content Outsourcing Firm | Bethesda, MD - August 17, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $45 million in the recapitalization of TechBooks Inc., a leading electronic content outsourcing firm. American Capital's investment takes the form of senior and junior subordinated debt and convertible preferred equity. Bank of America is providing a revolving credit facility. TechBooks management is maintaining a controlling equity interest. Post close, American Capital owns approxima... |
| | | 08/09/05 | American Capital Invests $24 Million in Direct Mail Leader | Bethesda, MD - August 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $24 million in the senior subordinated debt of Direct Mail Holding LLC ("DMH"), a leading provider of direct mail production and data management services to the nonprofit fundraising, financial, publishing and consumer products markets. American Capital's investment supports an investment in DMH by Stephens Group, Inc. US Bank is providing a revolving credit facility and investing in se... |
| | | 08/03/05 | American Capital Issues $126 Million in Unsecured Debt | Bethesda, MD - August 3, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has issued $126 million of long-term unsecured five-year notes in a private placement. The notes have a fixed interest rate of 6.14%. Net proceeds from the sale of the notes will be used to repay outstanding indebtedness under American Capital's revolving credit facilities and for general corporate purposes.
The securities referred to herein have not been registered under the Securities Act of 1933... |
| | | 08/02/05 | American Capital Declares $0.78 Q3 2005 Dividend, Reports $0.78 Net Operating Income Per Basic Share in Q2 2005 |
PDF Version
Bethesda, MD - August 2, 2005 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today its Board of Directors has declared a third quarter 2005 regular dividend of $0.78 per share, to record holders as of August 26, 2005, payable on October 3, 2005. This dividend is an 8% increase over the third quarter 2004 regular dividend of $0.72 per share. American Capital has paid a total of $787 million in dividends and paid or declared dividends of $18.29 per share si... |
| | | 08/01/05 | American Capital Invests $111 Million in One-Stop Buyout of Fosbel Holdings | Bethesda, MD - August 1, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $111 million in the one-stop buyout of Fosbel Holdings Ltd., the global leader in providing refractory maintenance and repair services to operators of heavy industrial ovens and furnaces in the coke and glass production industries. American Capital is providing a revolving credit facility and is investing in senior term debt, senior and junior subordinated debt and equity. Fosbel manage... |
| | | 07/26/05 | American Capital to Report Q2 Results on August 2 | Bethesda, MD - July 26, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report second quarter 2005 earnings on Tuesday, August 2, 2005. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, August 3 at 11:00 am ET. The dial in number will be (888) 423-3271. International callers should dial +1(612) 332-0228. Please advise the operator you are dialing in for the American Capital Shar... |
| | | 07/21/05 | American Capital Invests $21 Million in BPWest| Bethesda, MD - July 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $21 million in BPWest Inc., an entity formed to acquire Jordan Drilling Fluids Inc., parent company of Anchor Drilling Fluids USA Inc. Anchor is a leading provider of drilling fluid products and services for oil and gas drilling. American Capital's investment takes the form of a senior term B loan, senior subordinated debt and preferred and common equity. PNC Business Credit is providing... |
| | | 07/20/05 | American Capital Receives Total Proceeds of $100 Million from Three Exits | Bethesda, MD - July 20, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received total proceeds of $100 million from exits of three portfolio companies, realizing a total gain of $24 million.
CIVCO Holding Inc.
American Capital has realized a gain of $12 million in the second quarter of 2005 from the sale of its portfolio company CIVCO Holding Inc., receiving total proceeds of $43 million. Previously in the fourth quarter of 2004, CIVCO redeemed American Capi... |
| | | 07/14/05 | American Capital Invests in Leading Provider of E-Procurement Solutions and Services | Bethesda, MD - July 14, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested in Compusearch Software Systems Inc., a leading provider of e-procurement solutions and services to the federal government. American Capital's investment takes the form of senior term loans, senior subordinated debt and convertible preferred equity and supports Carlyle Venture Partners' acquisition of Compusearch. American Capital is also providing a revolving credit facility. Compusearc... |
| | | 07/08/05 | American Capital Invests $25 Million in Leading Distributor of Janitorial and Sanitary Products | Bethesda, MD - July 8, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $25 million in the recapitalization of AmSan LLC, a leading distributor of janitorial and sanitary products to building services contractors, educational, healthcare and hospitality customers. American Capital's investment takes the form of senior term debt. Merrill Lynch Capital is providing a revolving credit facility and investing in senior term debt. AmSan management is significantly ... |
| | | 07/07/05 | American Capital Invests $17 Million in World's Largest Association Management and Professional Services Company | Bethesda, MD - July 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $17 million in SmithBucklin Corporation, the world's largest association management and professional services company. American Capital's investment takes the form of a senior term B loan and senior subordinated debt and supports the SmithBucklin Employee Stock Ownership Plan's ("ESOP") purchase of the business from the financial investors who had the majority interest in the Company. In ... |
| | | 06/30/05 | American Capital Stockholders Elect Directors, Approve Repeal of Fundamental Policies | Bethesda, MD - June 30, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that at its 2005 annual meeting of stockholders, stockholders re-elected two directors of the Company, approved the repeal of the Company's fundamental policies and approved the adoption of the Company's 2005 Employee Stock Option Plan. Stockholders also approved the continuation of Ernst & Young LLP as the Company's independent auditors.
Neil M. Hahl and Stan Lundine were re-elected to three year term... |
| | | 06/29/05 | American Capital Invests $13 Million in Acquisition by Montana Silversmiths | Bethesda, MD - June 29, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested an additional $13 million in its portfolio company Montana Silversmiths Inc. to support its acquisition of Big Sky Carvers LLC ("BSC"), a manufacturer and distributor of outdoor and lodge-themed woodcarvings, home accents and collectibles. Montana is a leading designer, manufacturer and distributor of accessories, jewelry and lifestyle products for the western industry. American Capital'... |
| | | 06/29/05 | American Capital Invests $55 Million in Add-on Acquisition for Portfolio Company Specialty Brands of America | Bethesda, MD - June 29, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $55 million in the add-on acquisition of Bear Creek Country Kitchens LLC by its portfolio company Specialty Brands of America Inc., a leading branded specialty foods company. Bear Creek is a leading manufacturer and marketer of dry soups and soup bases. American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and convertible preferred equity.... |
| | | 06/28/05 | American Capital Invests $28 Million in Roadrunner Dawes Combination | Bethesda, MD - June 28, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $28 million to partially finance the merger of Roadrunner Freight Systems Inc. and Dawes Transport Inc. The combined entity, Roadrunner Dawes Inc., is a leading non-asset based, less-than-truckload ("LTL") transportation provider. American Capital's investment takes the form of senior subordinated debt and voting and non-voting common equity. LaSalle Bank, M&I Bank and US Bank are prov... |
| | | 06/24/05 | American Capital Invests $30 Million in Buyout of NPC | Bethesda, MD - June 24, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $30 million in the buyout of NPC Inc., the leading designer and manufacturer of flexible, rubber pipe-to-manhole connectors for sanitary sewer, stormwater and drainage systems. American Capital's investment takes the form of a senior term C loan, senior subordinated debt and equity. American Capital is also providing a revolving credit facility. NPC management is investing in equity alon... |
| | | 06/21/05 | American Capital Invests $20 Million in Leading Manufacturer of Plastic Nursery Containers | Bethesda, MD - June 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $20 million in Nursery Supplies Inc., ("NSI") the leading North American manufacturer of a broad range of plastic containers for nurseries and distributors of nursery supplies. American Capital's investment takes the form of senior and junior subordinated debt and supports Lincolnshire Management Inc.'s recapitalization of NSI. GE Capital Corporation, a unit of General Electric Corporati... |
| | | 06/21/05 | American Capital Invests $188 Million in Buyout of Potpourri Group | Bethesda, MD - June 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $188 million in the buyout of Potpourri Group Inc. ("PGI"), a multi-title catalog company offering a broad product line of distinctive home décor, casual apparel, gifts and unique accessories. American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and redeemable preferred and common equity. American Capital is also providing a revolving cre... |
| | | 06/20/05 | American Capital Obtains $230 Million Unsecured Credit Facilty from Wachovia, BB&T | Bethesda, MD - June 20, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has obtained a $230 million unsecured revolving credit facility. Wachovia Bank N.A. is agent, Wachovia Capital Markets LLC and BB&T Capital Markets LLC are joint lead arrangers and Citicorp North America and JPMorgan Chase Bank N.A. are co-documentation agents for a syndicate of eight lenders. The facility is priced at LIBOR plus 1.375%. The facility replaces American Capital's previous $100 mil... |
| | | 06/12/05 | American Capital Outlines Structure of European Capital | Bethesda, MD - June 12, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS), a buyout and mezzanine investment company, announced today plans with regard to the structure and financing of its European affiliates, which operate as European Capital.
European Capital will invest in and sponsor management and employee buyouts, invest in private equity buyouts and provide capital directly to private and mid sized public companies. European Capital intends to invest from €5 million (US$6 million) t... |
| | | 06/09/05 | American Capital Invests $53 Million in Portfolio Company Stravina | Bethesda, MD - June 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested an additional $53 million in its portfolio company Stravina Operating Company LLC, purchasing the senior debt of Stravina, committing to a senior term loan and providing a revolving credit facility. Stravina is a leading designer and supplier of impulse-purchase novelty and souvenir items. Blue Capital Management LLC is the majority owner and equity sponsor of Stravina.
"We're looking fo... |
| | | 06/09/05 | American Capital Invests $56 Million in Buyout of Unwired Technology | Bethesda, MD - June 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $56 million in the buyout of Unwired Technology LLC, a leading designer, marketer and supplier of wireless headphones for automotive entertainment systems. American Capital's investment takes the form of a senior term loan, senior subordinated debt, junior subordinated debt and equity. American Capital is also providing a revolving credit facility and committing to a senior term loan. Unw... |
| | | 06/06/05 | American Capital Encourages Stockholders to Submit Voting Instructions for Its Annual Meeting | Bethesda, MD - June 6, 2005 - 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 June 20, 2005. 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 Internet ... |
| | | 05/25/05 | American Capital Invests $28.5 Million in Zenta Acquisition | Bethesda, MD - May 25, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $28.5 million to support the acquisition of Zenta by H-Cube LLC. Zenta is a U.S.-based leader in high quality business process outsourcing services. H-Cube was formed earlier this year by GTCR Golder Rauner, LLC and Henry Hortenstine, a former Executive Vice President of Affiliated Computer Services Inc., a Fortune 500 global business process outsourcing company. Mr. Hortenstine will beco... |
| | | 05/24/05 | American Capital Invests $15 Million in Leading Manufacturer of Heat Induction Foil Seals | Bethesda, MD - May 24, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $15 million in Selig Sealing Products Inc., a leading North American manufacturer of heat induction foil seals for plastic containers. American Capital's investment takes the form of a senior term loan and supports Behrman Capital's acquisition of Selig. Madison Capital is providing a revolving credit facility and senior term loans. Selig management is rolling over their equity investment... |
| | | 05/20/05 | American Capital Invests $66 Million in Provider of Cargo Security and Product Identification and Traceability Solutions | Bethesda, MD - May 20, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $66 million in Tyden Group Inc., a leading provider of global cargo security and product identification and traceability solutions. American Capital's investment takes the form of senior term loans, senior subordinated debt and common equity and supports Crimson Investment's acquisition of Tyden. American Capital is also providing a revolving credit facility.
"We are pleased to work for ... |
| | | 05/18/05 | American Capital Invests $19 Million in Combination of Two Leading Kayak Manufacturers | Bethesda, MD - May 18, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested an additional $19 million in its portfolio company Confluence Holdings Corp. to support the acquisition of the water sports business assets of Watermark Paddlesports Inc. Confluence is a leading manufacturer and distributor of kayaks, canoes and paddlesports accessories. American Capital's new investment takes the form of a senior term loan and senior subordinated debt. In addition to the... |
| | | 05/12/05 | American Capital Invests $57 Million in Buyout of Engineered Textile Group | Bethesda, MD - May 12, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $57 million in the buyout of Engineered Textile Group Inc. ("ETG"), parent company to Southern Weaving Company, a leading global provider of narrow, high tensile strength woven webbings to a wide variety of industries including marine, mining, transportation, construction and energy. American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and... |
| | | 05/09/05 | American Capital Invests $31 Million in Buyout of Astrodyne Corporation | Bethesda, MD - May 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $31 million in the buyout of Astrodyne Corporation, a manufacturer and distributor of AC/DC power supplies and DC/DC converters. American Capital's investment takes the form of a senior term loan, senior subordinated debt and convertible preferred equity. American Capital is also providing a revolving credit facility. Astrodyne's senior management rolled over a portion of their equity. Pos... |
| | | 05/03/05 | American Capital Realizes $30 Million in Gains from Four Exits |
Bethesda, MD - May 3, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received total proceeds of $68 million from exits of four portfolio companies, realizing a total gain of $30 million.
Roadrunner Freight Systems Inc.
American Capital has realized a gain of $26 million in the second quarter of 2005 from the sale of its portfolio company Roadrunner Freight Systems Inc. to Thayer Capital. American Capital received total proceeds of $47 million upon the exit... |
| | | 05/03/05 | American Capital Declares $0.75 Q2 2005 Dividend, Reports $0.71 Net Operating Income Per Share in Q1 2005 | Bethesda, MD - May 3, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today its Board of Directors has declared a second quarter 2005 regular dividend of $0.75 per share, to record holders as of May 16, 2005, payable on July 1, 2005. This dividend is a 7% increase over the second quarter 2004 regular dividend of $0.70 per share. American Capital has paid a total of $717 million in dividends and paid or declared $17.51 per share since its August 1997 IPO at $15.00 per share.
In... |
| | | 05/02/05 | American Capital Invests $8.5 Million in Leading Branded Food Products Company | Bethesda, MD - May 2, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $8.5 million in Milton's Baking Company LLC ("Milton's"), a leading branded food products company in the fresh baked bread, gourmet cracker and frozen dinner entrée categories. American Capital's investment takes the form of senior subordinated debt and supports the recapitalization of Milton's led by Red Diamond Capital Partners LP. NewStar Financial Inc. is providing a revolving credit a... |
| | | 04/28/05 | American Capital Opens Affiliate European Capital Office in Paris | Bethesda, MD - April 28, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today the opening of the Paris office of its affiliate European Capital Financial Services Ltd. Leading European Capital in Paris are Jean Eichenlaub, Managing Director and member of the Investment Committee and Jacques Pancrazi, Director. The office will open with six employees.
European Capital is a buyout and mezzanine investment company. European Capital will be an investor in and sponsor of management ... |
| | | 04/22/05 | American Capital to Report Q1 Results on May 3 | Bethesda, MD - April 22, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report first quarter 2005 earnings on Tuesday, May 3, 2005. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, May 4 at 11:00 am ET. The dial in number will be (800) 762-6558. International callers should dial (480) 629-9025. Please advise the operator you are dialing in for the American Capital Shareholder ... |
| | | 04/14/05 | American Capital Adds Syndications Head | Bethesda, MD - April 14, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that Jeffery Schumacher has joined the Company as Senior Vice President, Group Head of Syndications. Mr. Schumacher joined American Capital from the Royal Bank of Scotland's (RBS) Leveraged Syndications Group, where he was a Senior Vice President responsible for structuring and syndicating middle market leveraged transactions across a broad range of industries. Mr. Schumacher will be primarily responsi... |
| | | 04/12/05 | American Capital Invests $50 Million in Buyout of Electro-Component Assembly Company | Bethesda, MD - April 12, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $50 million in the buyout of Stamping Specialties Corporation, doing business as Electro-Component Assembly Company ("ECA"), the leading firm specializing in the design, development and manufacturing of disposable torque wrenches, hexagon keys and solid wrenches used in the installation of pacemakers, defibrillators and other implantable medical devices. American Capital's investment ta... |
| | | 04/04/05 | American Capital Invests $30 Million in Edge Products | Bethesda, MD - April 4, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $30 million in Edge Products LLC, a leading designer and manufacturer of performance related automotive aftermarket parts. American Capital's investment takes the form of a senior term loan, senior subordinated debt, junior subordinated debt and common equity. American Capital is also providing a revolving credit facility. Edge will utilize American Capital's investment primarily for gro... |
| | | 03/23/05 | American Capital Prices Public Offering of Common Stock | Bethesda, MD - March 23, 2005 - American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq:ACAS) announced today it has priced its public offering of 8,700,000 shares of its common stock at $31.50 per share. Of those shares, 700,000 shares are being offered directly by the Company and 8,000,000 shares are being offered by the Counter-Parties (as defined below) in connection with agreements to purchase common stock from American Capital at a future date (the "Forward Sale Agr... |
| | | 03/16/05 | American Capital Announces Public Offering of Common Stock | Bethesda, MD - March 16, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it plans to make a public offering of 7,000,000 shares of its common stock, 4,000,000 shares of which are being offered by the Counter-Parties (as defined below) in connection with agreements to purchase common stock from American Capital at a future date as discussed below and 3,000,000 shares are being offered directly by American Capital. The Company has granted the underwriters an option to purchas... |
| | | 03/08/05 | American Capital Invests $35 Million in Independent Managed Care Organization | Bethesda, MD - March 8, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $35 million in NewQuest Health Solutions LLC, an independent managed care organization primarily focused on providing Medicare Advantage HMO health plans to members in Alabama, Illinois, Tennessee and Texas. American Capital's investment takes the form of senior subordinated debt and supports GTCR Golder Rauner LLC's recapitalization of NewQuest. UBS Securities LLC is providing a revolvi... |
| | | 03/03/05 | American Capital Invests $14 Million in Manufacturer of Compression-Molded, Reinforced Plastics Used in Automotive & Industrial End-Products | Bethesda, MD - March 3, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $14 million in Continental Structural Plastics Inc. (CSP), a manufacturer of compression-molded, reinforced plastics used in automotive and industrial end-products. American Capital's investment takes the form of senior subordinated debt and redeemable preferred and common equity and supports Richard L. Scott Investments LLC's and CSP management's acquisition of CSP. Antares Capital Corp... |
| | | 03/03/05 | American Capital Issued $100 Million Unsecured Credit Facility by BB&T; Credit Facility Increased to $1 Billion by Citigroup Affiliate | Bethesda, MD - March 3, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that BB&T Capital Markets has arranged a $100 million unsecured revolving credit facility with Branch Banking and Trust Company as agent for a syndicate of lenders, replacing American Capital's previous $70 million secured credit facility. In addition, Citigroup Global Markets Realty Corp. ("CGMRC"), an affiliate of Citigroup Inc., increased the amount available under one of American Capital's revolving... |
| | | 02/25/05 | American Capital Invests $108 Million in Buyout of Futurelogic | Bethesda, MD - February 25, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $108 million in the buyout of FutureLogic Inc., a leading designer and developer of customized small format embedded thermal printing solutions. American Capital has been a minority investor in FutureLogic since December 2002. American Capital's new investment takes the form of senior term loans, senior and junior subordinated debt and common equity. American Capital is rolling over ... |
| | | 02/25/05 | American Capital Receives Proceeds of $60 Million from Two Exits | Bethesda, MD - February 25, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received proceeds of $60 million from the full exit of two portfolio companies, realizing a gain of $4 million.
Cycle Gear Inc.
American Capital realized a $4 million gain through a re-capitalization of its portfolio company Cycle Gear Inc. by Harvest Partners. American Capital received total proceeds of $21 million upon the exit, earning a 20% compounded annual rate of return on its invest... |
| | | 02/18/05 | American Capital Invests $24 Million in Acquisition by Northwest Coatings | Bethesda, MD - February 18, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $24 million in its portfolio company Northwest Coatings LLC to support an add-on acquisition and to refinance existing debt, including $10 million of American Capital senior subordinated debt. Northwest Coatings is a leading developer and manufacturer of customized specialty energy-curable and water-based coatings and adhesives serving predominantly customers in the packaging, narrow... |
| | | 02/15/05 | American Capital Declares $0.73 Q1 2005 Dividend, Reports 12% Increase in NOI Per Share in 2004 |
Bethesda, MD - February 15, 2005 - American Capital Strategies Ltd. Nasdaq:ACAS) announced today its Board of Directors has declared a first quarter 2005 regular dividend of $0.73 per share, payable on April 1, 2005 to record holders as of February 25, 2005. This dividend is a 4% increase over the first quarter 2004 regular dividend of $0.70 per share. During 2004, American Capital declared $2.91 per share in dividends that were paid from ordinary income for tax purposes, a total of $222 milli... |
| | | 02/07/05 | American Capital Invests $24 Million in Leading Provider of Hospice Services | Bethesda, MD - February 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $24 million in Beacon Hospice, a leading provider of hospice services in New England. American Capital's investment takes the form of a revolving credit facility, senior term loan B and senior subordinated debt. Halpern Denny & Co. is the majority owner of Beacon. Beacon CEO Betty Brennan is investing in the equity and the Company's senior management will participate in a significant ... |
| | | 02/04/05 | American Capital Invests $16 Million in Wausau Financial Systems | Bethesda, MD - February 4, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $16 million in Wausau Financial Systems, a leading provider of fully-bundled software and hardware technology solutions for remittance and check processing. American Capital's investment takes the form of senior subordinated debt and equity and supports Frontenac Company's acquisition of Wausau and Wausau's primary licensed software developer, Kyris Image Software Inc. Wells Fargo Foo... |
| | | 02/04/05 | American Capital to Report 2004 Results on February 15 | Bethesda, MD - February 4, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it will report fourth quarter 2004 earnings on Tuesday, February 15, 2005. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, February 16 at 11:00 am ET. The dial in number will be (888) 428-4473. International callers should dial (612) 332-0630. Please advise the operator you are dialing in for the American Capit... |
| | | 01/27/05 | American Capital Announces Characterization of 2004 Dividends | Bethesda, MD - January 27, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that its 2004 dividends of $2.91 per share were a distribution of ordinary income. American Capital also announced that of its 2004 ordinary dividends, $2.6361 were non-qualifying dividends and $0.2739 were qualified dividends. The $0.2739 of qualified dividends reflect qualified dividend income received by American Capital in 2004. Qualified dividend income is dividend income received from domestic ... |
| | | 01/21/05 | American Capital Invests $20 Million in Leading Marketer, Distributor of Branded Nutritional Supplements & Naturopathic Medicines | Bethesda, MD - January 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2004 it invested $20 million in Seroyal International Inc. and Seroyal USA Inc. (together, "Seroyal"), a leading marketer and distributor of branded nutritional supplements and homeopathic medicines to healthcare professionals in Canada and the U.S. American Capital's investment takes the form of a senior term loan B, senior subordinated debt and preferred and common equity and suppo... |
| | | 01/13/05 | American Capital Invests $78 Million in Recapitalization of Bankruptcy Management Solutions | Bethesda, MD - January 13, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2004 it invested $78 million in the recapitalization of its portfolio company Bankruptcy Management Solutions, the leading provider of case management software, financial and other services to Chapter 7 bankruptcy trustees, Chapter 11 bankruptcy trustees and other fiduciaries. American Capital's investment takes the form of senior term debt and senior and junior subordinated debt. Am... |
| | | 01/11/05 | American Capital Invests $48 Million in Buyout of Phillips & Temro; Receives Repayment of Note | Bethesda, MD - January 11, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2004 it invested $48 million in Phillips & Temro Industries Inc., a leading manufacturer of highly engineered cold weather starting and comfort products for the automotive and truck OEM market and aftermarket. American Capital's investment takes the form of a revolving credit facility, senior term loans and senior subordinated debt. The investment supports Morgenthaler Partners' acqu... |
| | | 01/07/05 | American Capital Invests $30 Million in Boot Company Acquisition | Bethesda, MD - January 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $30 million in Rocky Shoes and Boots Inc. (Nasdaq: RCKY), a manufacturer of rugged outdoor boots, to support its acquisition of EJ Footwear LLC, a manufacturer of boots for work applications and general outdoor use. American Capital's investment takes the form of a senior term loan B. GMAC Commercial Finance is providing a revolving credit facility and a senior term loan.
"American Ca... |
| | | 01/06/05 | American Capital Invests $39 Million in Combination of Two Leading Manufacturers, Distributors of Flooring Installation Products | Bethesda, MD - January 6, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2004 it invested an additional $39 million in its portfolio company Halex Corporation to refinance existing debt and to support the acquisition of Capitol USA, a leading manufacturer and distributor of flooring installation products and accessories. American Capital's investment takes the form of a senior term loan, senior and junior subordinated debt and common equity. American Capit... |
| | | 01/05/05 | American Capital Realizes $18 Million Gain and 25% Irr Exiting Transcore | Bethesda, MD - January 5, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December of 2004 it received proceeds of $26 million from the exit of its preferred and common equity investment in TransCore Holdings Inc., realizing a gain of $18 million. TransCore was acquired by Roper Industries Inc. in a transaction valued at approximately $600 million.
In January 2004, American Capital was repaid its $27 million subordinated debt investment in TransCore, realizing a $2... |
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