OUR PORTFOLIO

Visit the Pan Am International Flight Academy website

American Capital Invests $58 Million in One Stop Buyout™ of Pan Am International Flight Academy

Bethesda, MD - July 27, 2006 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has invested $58 million in the One Stop Buyout™ of the assets of Pan Am International Flight Academy's Commercial Division and Air Traffic Control Division and certain assets of the Regional Division. Pan Am International Flight Academy is a leading provider of simulator-based flight training to commercial airlines and professional pilots. American Capital's investment takes the form of a senior term A loan, senior subordinated debt and series A convertible preferred equity. American Capital is also providing a revolving credit facility. Dimeling, Schreiber & Park and Pan Am International Flight Academy management are also investing in the equity. [more...]