|
FOR IMMEDIATE RELEASE:
September 6, 2001
Contact:
Malon Wilkus, Chairman, President and CEO (301) 951-6122
John Erickson, Chief Financial Officer (301) 951-6122
Brian Maney, Director, Corporate Communications (301) 951-6122
AMERICAN CAPITAL RAISES $50.9 MILLION IN EQUITY OFFERING
Bethesda, MD -- American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that the company has sold 1.8 million shares of common stock to the public at $28.25 per share for a total gross proceeds of approximately $50.9 million. The sale was underwritten by First Union Securities Inc., a subsidiary of Wachovia Corporation (NYSE: WB). American Capital has granted the underwriter an option to purchase an additional 270,000 shares at $28.25 per share to cover over-allotments.
American Capital is a publicly traded buyout and mezzanine fund. American Capital is an equity partner in management and employee buyouts; invests in debt and equity of companies led by private equity firms, and provides capital directly to private and small public companies. American Capital funds growth, acquisitions and recapitalizations.
Companies interested in learning more about American Capital's flexible financing and ability to provide senior debt, subordinated debt and equity should contact Mark Opel, Principal, at (800) 248-9340, or visit our website.This press release is neither an offer to sell nor a solicitation of an offer to buy shares. Such an offer is made by prospectus only. This press release contains forward-looking statements. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
|
