OUR PORTFOLIO

American Capital Invests $56 Million in Buyout of Unwired Technology

Bethesda, MD - June 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $56 million in the buyout of Unwired Technology LLC, a leading designer, marketer and supplier of wireless headphones for automotive entertainment systems. American Capital's investment takes the form of a senior term loan, senior subordinated debt, junior subordinated debt and equity. American Capital is also providing a revolving credit facility and committing to a senior term loan. Unwired founder, President and CEO Lawrence Richenstein is rolling over a portion of his equity and will retain a significant ownership interest and continue to manage the Company. Post close, American Capital owns approximately 57% of Unwired on a fully diluted basis. More...