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American Capital exited its investment in Hospitality Mints in the third quarter of 2008.

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American Capital Invests $46 Million in Buyout of Hospitality Mints

Bethesda, MD – December 1, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $46 million in Hospitality Mints LLC, a leading, vertically integrated niche provider of custom-imprinted and individually wrapped mints and candies. American Capital's investment takes the form of senior term debt, senior and junior subordinated debt with warrants and equity. Texas Capital Bank is providing a revolving loan facility and a senior term loan. Hospitality Mints management is investing in the equity. American Capital owns approximately 86% of Hospitality Mints on a diluted basis. [more...]