American Capital Announces Public Offering of Common Stock
25 3월 2008 - 5:30AM
PR Newswire (US)
BETHESDA, Md., March 24 /PRNewswire-FirstCall/ -- 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, Fenner & Smith Incorporated and Morgan Stanley and Co.
Incorporated are the joint-lead book- running managers for the
offering. Credit Suisse Securities (USA) LLC, HSBC Securities (USA)
Inc., J.P. Morgan Securities Inc. and UBS Investment Bank are the
co-managers for the offering. The offering will be made under
American Capital's existing shelf registration statement filed with
the Securities and Exchange Commission. American Capital expects to
use substantially all of the net proceeds from the sale of its
shares to reduce the borrowings under American Capital's existing
revolving credit facilities and to fund investments. Reducing
borrowings under the revolving credit facilities will create
availability under these facilities, which will generally be used
for funding future American Capital investments and general
corporate purposes. This press release is neither an offer to sell
nor a solicitation of an offer to buy shares of common stock. The
offering of these securities will be made only by means of a
prospectus and a related prospectus supplement. When available,
copies of the prospectus and prospectus supplement may be obtained
from Citi Markets and Banking, 140 58th Street, 8th Floor,
Brooklyn, New York 11220, (telephone number: 718-765-6732), Merrill
Lynch & Co., 4 World Financial Center, New York, New York 10080
or Morgan Stanley, 180 Varick Street 2/F, New York, New York 10014
(telephone number: 1-866-718-1649 and email: ). ABOUT AMERICAN
CAPITAL American Capital is the only alternative asset management
company that is a member of the S&P 500. With $19 billion in
capital resources under management, American Capital is the largest
U.S. publicly traded private equity fund and one of the largest
publicly traded alternative asset managers. American Capital, both
directly and through its global asset management business, is an
investor in management and employee buyouts, private equity
buyouts, and early stage and mature private and public companies.
American Capital provides senior debt, mezzanine debt and equity to
fund growth, acquisitions, recapitalizations and securitizations.
American Capital and its affiliates invest from $5 million to $800
million per company in North America and euro 5 million to euro 500
million per company in Europe. This press release contains
forward-looking statements. The statements regarding expected
results of American Capital 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, national or
international economic conditions, or changes in the conditions of
the industries in which American Capital has made investments.
DATASOURCE: American Capital Strategies Ltd. CONTACT: Tom McHale,
Senior Vice President, Finance, +1-301-951-6122, or Justin
Cressall, Vice President, Equity Capital Markets, +1-301-951-6122,
or Amanda Cuthbertson, Director, Investor Relations,
+1-301-951-6122, all for American Capital Strategies Ltd. Web site:
http://www.americancapital.com/
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