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Berry-Hill Galleries, Inc.
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| American Capital Invests $21 Million in Berry-Hill Galleries Bethesda, MD – August 21, 2006 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it is providing $21 million in debtor-in-possession financing to Berry-Hill Galleries Inc., a leading New York-based fine arts gallery specializing in eighteenth, nineteenth and early twentieth century American paintings. Berry-Hill is currently operating under Chapter 11 of the United States Bankruptcy Code. American Capital's loan is secured by Berry-Hill's prime Manhattan real estate and its substantial art inventory. [more...] |
