OUR PORTFOLIO

American Capital Portfolio Companies

The Tensar Corporation

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 subordinated debt and facilitates Arcapita's acquisition of Tensar from KRG Capital Partners. AIG Global Investment Group is investing alongside American Capital in the junior subordinated debt. Credit Suisse First Boston underwrote a senior first lien term loan as well as a revolving credit facility. American Capital and AIG were existing investors in the Company. More...

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 million in accrued dividends. More...

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 total return of 20% on its total investment. The repayment occurred as part of a debt refinancing led by an existing senior lender. More...

Tensar on Solid Ground with Ownership Group

A consistent innovator and the first company to introduce high-performance polymer-based products known as geogrids to the Americas, The Tensar Corporation plays a vital role in the construction of roadways, parking lots, retaining walls, slopes and coastal protection systems. Tensar's geogrids, engineering design services and application technologies enhance the longevity, durability, and cost-effectiveness of earthworks projects, providing customers with a significant alternative to traditional earth construction methods. Since its founding in 1983, Tensar has applied its geogrid technology in countries throughout the Western Hemisphere and holds numerous patents that protect the company's unique products and proprietary engineered systems. More...

American Capital Invests $19.75 Million in Acquisition of Atlantech

Bethesda, MD - December 12, 2000 - American Capital Strategies, Ltd. announced today that it has invested $19.75 million in support of the acquisition of Atlantech International Inc. The investment takes the form of $18.75 million in senior subordinated debt with warrants and $1.00 million in redeemable preferred stock. Atlantech is a holding company that owns The Tensar Corporation, a manufacturing operation based in Morrow, Georgia, and related manufacturing, sales and marketing entities. KRG Capital Partners L.L.C., a Denver, Colorado based private investment group, is the transaction sponsor. More...