American Capital Prices Public Offering of Common Stock
26 3월 2008 - 8:15AM
PR Newswire (US)
BETHESDA, Md., March 25 /PRNewswire-FirstCall/ -- 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. The
offering is subject to customary closing conditions and is expected
to close on Monday, March 31, 2008. Citigroup Global Markets Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan
Stanley and Co. Incorporated are the joint 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 shares of common stock being offered by the
Company for general corporate purposes, including for the Company's
investment and lending activities and to repay indebtedness owed
under existing revolving credit facilities. Reducing borrowings
under the revolving credit facilities will create availability
under the 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 5 million euro to 500 million euro
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, or Justin Cressall, Vice President, Equity Capital
Markets, or Amanda Cuthbertson, Director, Investor Relations, all
of American Capital, +1-301-951-6122 Web site:
http://www.americancapital.com/
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