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Oceana Media Finance, LLC
American Capital Commits $100 Million to Oceana Media Finance
Bethesda, MD – June 28, 2007 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it and an affiliate have committed $100 million in equity capital to Oceana Media Finance LLC, a newly-formed specialty finance company that provides asset-backed secured financing for the production and marketing of independently produced feature films. American Capital Equity Fund I LLC, a fund managed by American Capital, provided 30% of the American Capital equity investment. Oceana Media Finance’s management team is also investing equity in the Company. [more...]
