American Capital Completes $72 Million Stock Offering
04 3월 2004 - 6:29AM
PR Newswire (US)
American Capital Completes $72 Million Stock Offering Underwriters
Exercise Over-Allotment Option BETHESDA, Md., March 3
/PRNewswire-FirstCall/ -- American Capital Strategies, Ltd. ,
announced today that it has closed on its previously announced
common stock offering and the underwriters exercised their
over-allotment option in full. As a result, American Capital sold
in the offering a total of approximately 2.2 million shares of its
common stock at $33.04 per share. The total gross proceeds from the
offering, including the over-allotment, were approximately $72
million. UBS Securities LLC was the sole book-running manager for
the offering. Friedman, Billings, Ramsey & Co., Inc. and RBC
Capital Markets Corporation acted as co-managers of the offering.
As of February 29, 2004, American Capital shareholders have enjoyed
a total return of 287% since the Company's IPO -- an annualized
return of 23%, assuming reinvestment of dividends. American Capital
has declared a total of $13.82 per share in dividends since its
August 1997 IPO. American Capital is a publicly traded buyout and
mezzanine fund with capital resources in excess of $2.5 billion.
American Capital is an investor in and sponsor of management and
employee buyouts; invests in private equity sponsored buyouts, and
provides capital directly to private and small public companies.
American Capital provides senior debt, mezzanine debt and equity to
fund growth, acquisitions and recapitalizations. Companies
interested in learning more about American Capital's flexible
financing should contact Mark Opel, Principal, at (800) 248-9340,
or visit our website at http://www.americancapital.com/. This press
release is neither an offer to sell nor a solicitation of an offer
to buy sharesof common stock. The offering of these securities will
be made only by means of a prospectus. Copies of the prospectus may
be obtained from UBS Securities LLC, ECMG Syndicate, 299 Park
Avenue, New York, New York 10171. 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, and changes in the conditions of the
industries in which American Capital has made investments.
DATASOURCE: American Capital Strategies, Ltd. CONTACT: Tom McHale,
Vice President, Finance & Investor Relations, of American
Capital Strategies, Ltd., +1-301-951-6122 Web site:
http://www.americancapital.com/
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