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FOR IMMEDIATE RELEASE:
June 6, 2002
Contact:
Kenneth E. Jones, Principal (610) 238-0210
Brian Maney, Director, Corporate Communications (301) 951-6122
AMERICAN CAPITAL INVESTS $13 MILLION IN
DISTRIBUTOR OF HOME ENTERTAINMENT PRODUCTS
Bethesda, MD - June 6, 2002 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $13 million of senior subordinated debt in a national distributor of home entertainment products in a transaction led by a leading private equity firm. American Capital, the private equity firm and the portfolio company plan to announce details of the transaction at a later date.
For more information about American Capital's portfolio click here.
American Capital is a publicly traded buyout and mezzanine fund with capital resources exceeding $1 billion. 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. The Company has paid and declared $8.98 per share in dividends since going public in 1997.
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 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.
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