American Capital Credit Facility Increased to $350 Million
04 5월 2004 - 6:39AM
PR Newswire (US)
American Capital Credit Facility Increased to $350 Million
BETHESDA, Md., May 3 /PRNewswire-FirstCall/ -- American Capital
Strategies Ltd. announced today that subsidiaries of Wachovia
Corporation , have increased the amount available under American
Capital's Commercial Paper Conduit Credit Facility to $350 million
from $225 million. "The credit facility expansion helps us meet the
demands of a growing pipeline of investment opportunities," said
American Capital CFO John Erickson. "Wachovia continues to be a
tremendous relationship and their willingness to increase the
facility is another indicator of the quality of our portfolio." As
of April 30, 2004, American Capital shareholders have enjoyed a
total return of 213% since the Company's IPO -- an annualized
return of 19%, 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 $2.7 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 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. DATASOURCE: American Capital Strategies Ltd. CONTACT:
John Erickson, CFO, or Tom McHale, Vice President, Finance and
Investor Relations, of American Capital Strategies Ltd.,
+1-301-951-6122 Web site: http://www.americancapital.com/
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