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American Capital Receives Proceeds of $59 Million from Five Exits, Earning 18% to 46% Annual Returns
Bethesda, MD - October 29, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received proceeds of $59 million from the partial or full exits of five portfolio companies, resulting in a net realized loss on these investments of $0.3 million during the third quarter of 2004 and earning 18%, 20%, 39%, 42% and 46% compounded annual returns on these investments, including all fees, interest and principal received over the life of American Capital's investments in these companies. [more...]
American Capital Invests $10 Million To Fund Erie Plastics Expansion
BETHESDA, Md., June 30 /PRNewswire/ - American Capital Strategies, Ltd. (Nasdaq: ACAS) today announced it has invested $10 million in subordinated debt with warrants of Erie County Plastics Corporation. Erie Plastics is a nationally recognized leader in the manufacture of custom injection molded plastic packaging components, serving some of the best known names in the consumer products industry including Procter & Gamble, Gillette, Wyeth Pharmaceuticals and Alcoa. For example, Erie is a major supplier of products such as laundry detergent pour spouts to Procter & Gamble for such products as Tide, Dash and Bold. The company, which had $75 million in 1998 revenues, provides superior customer service through its industry-leading design and engineering program and its exceptionally high quality levels. [more...] |
