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American Capital Invests $29 Million in Infiltrator Systems

Bethesda, MD - October 7, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $29 million in Infiltrator Systems, Inc., a leading manufacturer of plastic chambers used in underground wastewater management systems. American Capital's investment takes the form of senior subordinated debt and supports Graham Partners' acquisition of Infiltrator. A syndicate led by Merrill Lynch Capital is providing senior financing, including a revolving credit facility, a capex facility and senior term loans. A group led by Graham Partners and Infiltrator management are investing in the equity. More...