| Date | Title | | | 12/02/08 | American Capital Announces Cost Saving Measures | Bethesda, MD - December 2, 2008 - American Capital Ltd. (Nasdaq: ACAS) announced today that it is implementing various cost saving measures in response to current economic and market conditions. The changes affect both American Capital and its wholly‑owned European affiliate, European Capital Financial Services Limited.
Included in the measures are the closing of two offices, the elimination of certain functions at other offices and a reduction of approximately 110 positio... |
|  | | 11/24/08 | American Capital Provides Details of $73 Million Net Realized Portfolio Gains from Third Quarter 2008 Exits | Bethesda, MD – November 24, 2008 – American Capital Ltd. (or the "Company") (Nasdaq: ACAS) announced today information regarding its $73 million of total net realized portfolio gains from third quarter 2008 exits, exclusive of realized gains or losses from interest rate derivatives, taxes on realized gains and foreign currency transactions. During the third quarter of 2008, American Capital received $0.5 billion of proceeds from the exits of portfolio investments.
The following is a summary o... |
| | | 11/11/08 | American Capital to Present at Merrill Lynch Banking & Financial Services Conference | Bethesda, MD – November 11, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that its Chairman and CEO, Malon Wilkus, is scheduled to present at the Merrill Lynch 2008 Banking & Financial Services Conference taking place tomorrow, November 12, in New York. Mr. Wilkus will present at 9:40am ET. Interested individuals can listen to the live webcast of the presentation at www.veracast.com/webcasts/ml/banking08/72203382.cfm or on the American Capital website at www.americancapital.com/i... |
| | | 11/10/08 | American Capital Announces Plan To Acquire European Capital, Revises Dividend Policy and Reports Q3 2008 Earnings |
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Bethesda, MD – November 10, 2008 – American Capital Ltd. (Nasdaq: ACAS) (“American Capital” or the “Company”) announced today the proposed acquisition of European Capital Limited (LSE: ECAS). In addition, American Capital reports Q3 2008 earnings.
PROPOSED ACQUISITION OF EUROPEAN CAPITAL LIMITED
On November 10, 2008, American Capital and European Capital entered into an implementation agreement regarding American Cap... |
| | | 10/30/08 | American Capital Invests in Paradigm Precision for Add-On Acquisition | Bethesda, MD – October 30, 2008 – American Capital, Ltd. (Nasdaq: ACAS) announced today that in September it invested in its portfolio company Paradigm Precision Holdings LLC to support the acquisition of TM Industries, Inc., a high-precision machining company that specializes in machining large size, highly technical parts for customers in the aerospace, power generation, oil and gas and defense markets. Paradigm Precision is a leading manufacturer of complex machined components for the aerospa... |
| | | 10/29/08 | American Capital Will Report Q3 2008 Results and Host Shareholder Call on November 10 | Bethesda, MD – October 29, 2008 - American Capital Ltd. (Nasdaq: ACAS) announced today it will report third quarter 2008 earnings before market open on Monday, November 10, 2008. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call that morning at 11:00 am ET. The shareholder call can be accessed through a live webcast at www.AmericanCapital.com or by dialing (800) 288-8967 (U.S. domestic) or +1 (612) 332-0634 (internation... |
| | | 09/29/08 | American Capital Amends Unsecured Credit Facility | Bethesda, MD – September 29, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that it has amended its unsecured credit facility for which Wachovia Bank, N.A. serves as administrative agent. The amendment reduces the facility's minimum tangible net worth covenant to $4.5 billion plus 40% of new issuances of equity and debt converted into equity after the third quarter of 2008. In connection with the amendment, the size of the facility was changed from $1.565 billion to $1.409 bil... |
| | | 09/23/08 | American Capital Expands Into Asia with Hong Kong Office | Bethesda, MD – September 23, 2008 – American Capital Ltd. (Nasdaq: ACAS), the only private equity fund and the largest alternative asset management company in the S&P 500, announced today the opening of its Hong Kong office, the Company's first office in Asia. The initial focus of the expansion will be to identify and support opportunities throughout Asia for its existing portfolio companies in the United States and Europe and to build relationships with local institutional investors. ... |
| | | 09/18/08 | American Capital Director Appointed Chairman of Freddie Mac | Bethesda, MD – September 18, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that its Director John A. Koskinen has been appointed to serve as the non-executive Chairman of Freddie Mac, the mortgage finance firm recently placed into conservatorship by the federal government. Mr. Koskinen intends to remain on American Capital’s Board, which he joined in 2007.
"Freddie Mac stands to benefit from John’s outstanding experience in complex management environments," said Malon Wilkus, Cha... |
| | | 09/13/08 | American Capital Renews Secured Credit Facility | Bethesda, MD – September 13, 2008 – American Capital, Ltd. (Nasdaq: ACAS) announced today that the company, through its wholly-owned subsidiary, has renewed its secured credit facility, administered by Wachovia Capital Markets, LLC. In connection with the renewal, the size of the facility was amended to $500 million. The lenders in American Capital’s secured credit facility are Variable Funding Capital Company LLC, Wachovia Bank, National Association, CHARTA, LLC, Citibank, N.A., Three Pillars... |
| | | 09/10/08 | American Capital Achieves a Total Gain of $36 Million from Its Investment in SSH Acquisition, Provides $141 Million Financing to Support Lake Capital's Acquisition | Provides $141 Million Financing to Support Lake Capital's Acquisition
Bethesda, MD – September 10, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $36 million in the third quarter from the sale of its portfolio company SSH Acquisition, Inc. to Lake Capital. Including the investments in SSH Acquisition of American Capital's affiliated funds under management, the gain totals $61 million over the life of the investment. Including inception to date cumul... |
| | | 09/04/08 | American Capital Provides $110 Million of Financing for YORK Label | Bethesda, MD – September 4, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that it provided $110 million of financing for YORK Label, a leading provider of premium, pressure sensitive labels for the consumer products, wine and spirits, food and beverage and pharmaceutical markets. American Capital invested $67 million in the transaction, while serving as Co-Syndication Agent on the senior debt and lead investor on the mezzanine debt. American Capital's financing package supports t... |
| | | 08/26/08 | American Capital Provides Details of $63 Million Net Realized Portfolio Gains from Second Quarter 2008 Exits | Bethesda, MD – August 26, 2008 – American Capital Ltd. (or the "Company") (Nasdaq: ACAS) announced today information regarding its $63 million of total net realized portfolio gains from second quarter 2008 exits, exclusive of realized gains or losses from interest rate derivatives, taxes on realized gains and foreign currency transactions. During the second quarter of 2008, American Capital received $0.5 billion of proceeds from the exits of portfolio investments.
The following is a summary of... |
| | | 08/25/08 | American Capital Realizes a Gain of $19 Million from Sale of PaR Systems | Bethesda, MD – August 25, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that in the third quarter of 2008 it realized a gain of $19 million from the sale of its portfolio company PaR Systems Inc. to MML Capital Partners ("MML"). American Capital's inception to date total realized gain on its investment in PaR Systems was $37 million, representing a 42% compounded annual rate of return, including interest, dividends and fees earned over the life of its investment. Including invest... |
| | | 08/20/08 | American Capital Realizes $57 Million Gain from Sale of Contec, Provides Financing to Support Acquisition by Bain Capital with Contec Management | Provides Financing to Support Acquisition by Bain Capital with Contec Management
Bethesda, MD – August 20, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that it realized a gain of $57 million from the sale of Contec Holdings, Ltd. in the third quarter of 2008. Including the investments in Contec of American Capital's affiliated funds under management, the gain totals $98 million over the life of the investment. Cumulative gains and dividend income realized by American Capital an... |
| | | 08/05/08 | American Capital Declares $1.05 Q3 2008 Dividend, Reports $0.71 NOI and $0.95 Realized Earnings in Q2 2008 |
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Bethesda, MD – August 5, 2008 – American Capital Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company") announced today its third quarter 2008 dividend and its results for the second quarter of 2008.
THIRD QUARTER 2008 DIVIDEND DECLARATION
American Capital's Board of Directors has declared a third quarter 2008 regular dividend of $1.05 per share to record holders as of October 6, 2008, payable on October 14, 2008. ... |
| | | 07/28/08 | American Capital Announces Senior Management Expansion | Bethesda, MD – July 28, 2008 – American Capital, Ltd. (Nasdaq: ACAS), the only private equity fund and alternative asset manager in the S&P 500, announced today an expansion and realignment of its senior management team, effective August 1. Steven W. Burge will assume the newly established position of President, North American Private Finance, with responsibility for most aspects of the Company’s North American buyouts and sponsor finance businesses. Mr. Burge joined the Company in 2007 ... |
| | | 07/25/08 | American Capital Invests in Affordable Care for Add-On Acquisition | Bethesda, MD – July 25, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today that in June it invested in its portfolio company Affordable Care, Inc. to support the acquisition of a management services platform supporting five dental practices from Fields Dental Management LLC and Piedmont Dental Center P.A., a dental care provider with locations in South Carolina. Affordable Care is a dental practice management services company that supports a network of affiliated dental practices... |
| | | 07/17/08 | American Capital Will Report Q2 2008 Results on August 5 - Shareholder Call Scheduled for August 6 | Shareholder Call Scheduled for August 6
Bethesda, MD – July 17, 2008 – American Capital Ltd. (Nasdaq: ACAS) announced today it will report second quarter 2008 earnings on Tuesday, August 5, 2008. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, August 6 at 11:00 am EDT. The dial in number will be (888) 428-4480. International callers should dial +1 (651) 291-5254. Please advise the operator you are dial... |
| | | 06/20/08 | American Capital Announces the Hiring of New Chicago and West Coast Sponsor Finance Team Leaders | Bethesda, MD – June 20, 2008 – American Capital Stategies Ltd. (Nasdaq: ACAS) announced today that Joseph Romic and Bradley Nii have joined the firm to lead the Chicago and West Coast Sponsor Finance practices, respectively. The Sponsor Finance Group is responsible for the firm's debt and minority equity investments in support of private equity sponsors. Mr. Romic's team in Chicago includes senior professionals Jon Leiman, Michael Jordan and Jon Lindberg. The Chicago Sponsor Finance team's ge... |
| | | 05/22/08 | American Capital Provides Details of $28 Million Net Realized Gains from Portfolio Companies in First Quarter 2008 | Bethesda, MD – May 22, 2008 – American Capital, Ltd. (Nasdaq: ACAS) announced today information regarding its $28 million of total net realized gains from the disposition of portfolio investments in the first quarter of 2008. The portfolio net realized gains exclude realized gains or losses from interest rate derivatives, taxes on realized gains and foreign currency transactions. During the first quarter of 2008, American Capital received $0.9 billion of proceeds from the disposition of portfo... |
| | | 05/19/08 | American Capital Commits $300 Million to Core Business Credit | Bethesda, MD – May 19, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has committed $300 million to Core Business Credit, a newly-formed commercial finance company that will provide asset-based financing to middle market companies nationally. American Capital's investment takes the form of subordinated debt and equity. Core's senior management team members, consisting of Michael Haddad, President and Chief Executive Officer, and Executive Vice Presidents Milton Is... |
| | | 05/15/08 | European Capital and American Capital Jointly Invest $85 Million in the Qioptiq Group | St. Peter Port, Guernsey – 15 May 2008 – European Capital Limited (LSE: ECAS) ("European Capital"), announced today that it has invested $57 million in the Qioptiq Group, a leading designer, developer and manufacturer of high-precision optical solutions for the defence, medical and industrial markets. The investment was led by the Paris office of European Capital Financial Services Limited ("European Capital Services") and supports Candover's recapitalisation of Qioptiq. European Capital inves... |
| | | 05/06/08 | American Capital Reorganizes Sponsor Finance Group: Opens Boston Office, Reorganizes Northeast and California | Bethesda, MD – May 6, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS), the only private equity fund and alternative asset manager in the S&P 500, announced today that it has opened a second office in the Boston area to expand its Sponsor Finance Group's investment activities. Leading the Sponsor Finance Group in Boston is Tim Robinson, Principal. Joining Mr. Robinson in Boston are David Morris as Vice President and Dan Hodges as Associate.
"We believe that there are great opportunities... |
| | | 05/06/08 | American Capital Declares $1.03 Q2 2008 Dividend Reports $0.77 NOI and $0.94 Realized Earnings in Q1 2008 |
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Bethesda, MD – May 6, 2008 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today its second quarter 2008 dividend, its results for the first quarter of 2008 and forecasts for 2008.
SECOND QUARTER 2008 DIVIDEND DECLARATION
American Capital's Board of Directors has declared a second quarter 2008 regular dividend of $1.03 per share to record holders as of June 13, 2008, payable on July 1, 2008. This is a 13% increase ov... |
| | | 05/05/08 | American Capital Realizes a Gain of $69 Million in the Second Quarter from its Investment in BPWest | Provides $68 Million to Support Castle Harlan’s $250 Million Acquisition of BPWest
Bethesda, MD – May 5, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $69 million in the second quarter of 2008 from the sale of its portfolio company BPWest Inc., the holding company for Anchor Drilling Fluids USA Inc., to Castle Harlan Inc. American Capital’s inception to date total realized gain on its investment in BPWest is $80 million. Including the inve... |
| | | 04/17/08 | American Capital to Host Equity Investor Conference and Annual Meeting | Bethesda, MD – April 17, 2008 – American Capital Strategies Ltd. (“American Capital” or the “Company”) (Nasdaq: ACAS) announced today that it will hold its 2008 Equity Investor Conference followed by the 2008 Annual Meeting of Stockholders on Monday, May 19, 2008 at the New York Palace Hotel, 455 Madison Avenue, New York, NY 10022.
Equity research analysts and investors are invited to join American Capital's senior management team and managing directors for an informative discussion on performa... |
| | | 04/15/08 | American Capital Will Report Q1 2008 Results on May 6 | Shareholder Call Scheduled for May 7
Bethesda, MD – April 15, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it will report first quarter 2008 earnings on Tuesday, May 6, 2008. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, May 7 at 11:00 am ET. The dial in number will be (800) 230-1092. International callers should dial +1 (612) 288-0329. Please advise the operator you a... |
| | | 04/09/08 | Fitch Affirms American Capital Strategies' IDR at 'BBB': Outlook Stable | Fitch Affirms American Capital Strategies' IDR at 'BBB': Outlook Stable
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| | | 03/25/08 | American Capital Prices Public Offering of Common Stock | Bethesda, MD – March 25, 2008 - American Capital Strategies Ltd. (“American Capital” or the “Company”) (Nasdaq: ACAS) announced today it has priced its public offering of 8.7 million shares of its common stock at $36.41 per share for total net proceeds of approximately $302 million. All of the shares are being offered directly by American Capital. American Capital has granted the underwriters an option to purchase up to an additional 1,305,000 shares of common stock to cover over-allotments. ... |
| | | 03/24/08 | American Capital Announces Public Offering of Common Stock | Bethesda, MD – March 24, 2008 - American Capital Strategies Ltd. (“American Capital” or the “Company”) (Nasdaq: ACAS) announced today it plans to make a public offering of approximately 8.7 million shares of its common stock, subject to market conditions, all of which are being offered directly by American Capital. The Company has granted the underwriters an option to purchase up to an additional 1,305,000 shares to cover over-allotments.
Citigroup Global Markets Inc., Merrill Lynch, Pierce, F... |
| | | 03/20/08 | American Capital Receives Total Proceeds Of $371 Million From Sale Of Exstream Software to HP, Realizes a Gain of $18 Million | Bethesda, MD – March 20, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $18 million and recognized total sale proceeds of $371 million in the first quarter of 2008 from the sale of its portfolio company Exstream Holdings Inc. (“Exstream”) to HP. Exstream Holdings is the parent company of Exstream Software, LLC (“Exstream Software”), a leading provider of enterprise software for the rapid design and delivery of personalized communications.
... |
| | | 02/28/08 | American Capital Invests in Nextpoint™ Networks | Bethesda, MD – February 28, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in January it and its affiliates invested in NextPoint™ Networks, Inc. NextPoint is the result of the convergence of NexTone Communications, a leader in software-centric session border controllers (SBCs) and IP session management, and American Capital portfolio company Reef Point Systems, a provider of secure fixed-mobile connectivity solutions. The combined entity leverages NexTone’s SBC and... |
| | | 02/27/08 | American Capital Arranges $75 Million in Recapitalization and Add-On Acquisition Financing for Portfolio Company Tanenbaum-Harber | Bethesda, MD – February 27, 2008 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in December 2007 it arranged the $75 million recapitalization of its portfolio company Tanenbaum-Harber Co. Holdings, Inc. (“TH”), an insurance brokerage and risk management consulting firm. The recapitalization supports the refinancing of a portion of TH’s existing debt as well as TH’s second add-on acquisition. American Capital’s investment takes the form of a revolving credit facility, te... |
| | | 02/14/08 | American Capital Provides Details of $41 Million Net Realized Gains from Portfolio Companies in Fourth Quarter 2007 | Bethesda, MD – February 14, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today information regarding $41 million of total net realized gains from the disposition of portfolio investments in the fourth quarter of 2007. The portfolio net realized gains exclude realized gains or losses from interest rate derivatives, taxes on realized gains and foreign currency transactions. During the fourth quarter of 2007, American Capital received $1.5 billion of proceeds from the disposit... |
| | | 02/13/08 | American Capital Declares $1.01 Q1 2008 Dividend; Reports $3.42 NOI and $4.65 Realized Earnings in 2007; Forecast 13% Dividend Increase in 2008 to $4.19 |
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Bethesda, MD – February 13, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today its first quarter 2008 dividend, second through fourth quarter 2008 dividend forecast and other forecasts and its results for the fourth quarter and full year of 2007.
FIRST QUARTER 2008 DIVIDEND DECLARATION
American Capital's Board of Directors has declared a first quarter 2008 regular dividend of $1.01 per share to record holders as of March 7, 2008, payable on April 1... |
| | | 01/29/08 | American Capital Will Report Q4 2007 Results on February 12 | Shareholder Call Scheduled for February 13
Bethesda, MD – January 29, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it will report fourth quarter 2007 earnings on Tuesday, February 12, 2008. American Capital invites shareholders, prospective shareholders and analysts to attend the American Capital Shareholder Call on Wednesday, February 13 at 11:00 am ET. The dial in number will be (888) 428-4474. International callers should dial +1 (612) 332-0632. Please advise th... |
| | | 01/28/08 | American Capital Invests $66 Million in Avalon Laboratories | Bethesda, MD – January 28, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has invested $66 million in Avalon Laboratories Inc., a leading supplier of disposable cardiopulmonary vascular cannulae, medical devices that provide connections between patients and life support machines. American Capital’s investment will be used to fuel Avalon’s growth and takes the form of a senior term loan, senior subordinated debt and convertible preferred and common equity. Americ... |
| | | 01/25/08 | American Capital Invests in the One Stop Buyout™ of Travel Document Expeditor CIBT | Bethesda, MD – January 25, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has sponsored and invested in the One Stop Buyout™ of its portfolio company CIBT Holdings Inc., the world's largest expeditor of short-term visas, passports and other documents for business and leisure travel. American Capital’s new investment takes the form of a senior term loan, senior and junior subordinated debt and convertible preferred and common equity. American Capital is also provi... |
| | | 01/25/08 | American Capital Announces Tax Status of 2007 Dividends | Bethesda, MD – January 25, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that its 2007 dividends of $3.72 per share were a distribution of ordinary income for federal income tax purposes. American Capital also announced that of its 2007 ordinary dividends, $3.59 per share were non-qualifying dividends and $0.13 per share were qualified dividends. The $0.13 per share of qualified dividends reflect qualified dividend income received by American Capital from portfol... |
| | | 01/17/08 | American Capital Commits $150 Million to Portfolio Company First Capital to Support Growth | Bethesda, MD – January 17, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in the fourth quarter of 2007 it provided a $150 million commitment of senior subordinated debt financing to support the growth of its portfolio company First Capital, a leading provider of secured, working capital financing for middle market companies. American Capital’s investment replaced its $50 million senior subordinated debt investment in First Capital made in August 2006.
“Once again... |
| | | 01/07/08 | American Capital Announces Half Billion Dollar Share Repurchase Plan and Updates Guidance | Bethesda, MD – January 7, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that its Board of Directors has approved a share repurchase plan. Under this plan, American Capital may repurchase up to a half billion dollars of its common stock at prices below its net asset value as reported in its then most recently published financial statements.
American Capital anticipates that share purchases will be made from time to time, depending upon market conditions. Shares may... |
| | | 01/03/08 | American Capital Achieves a Total Gain of $77 Million from Its Investment in Ranpak | Provides $410 Million to Support Odyssey Investment Partners’ Acquisition
Bethesda, MD – January 3, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $45 million from the sale of its portfolio company Ranpak Inc. to Odyssey Investment Partners LLC in the fourth quarter of 2007. American Capital’s inception to date total realized gain on its investment in Ranpak is $77 million. Including the investments in Ranpak of American Capital’s affilia... |
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