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FOR IMMEDIATE RELEASE:
May 26, 1999
AMERICAN CAPITAL STRATEGIES ANNOUNCES FILING OF SHELF REGISTRATION STATEMENT
FOR $250 MILLION OF DEBT AND EQUITY SECURITIES
BETHESDA, Md., May 26 /PRNewswire/ -- American Capital Strategies, Ltd. (Nasdaq:ACAS) today announced it has filed a shelf registration statement with the Securities and Exchange Commission regarding $250 million of debt and equity securities. While the registration statement relating to these securities has been filed with the Securities and Exchange Commission, it has not yet become effective. Once the shelf registration statement is declared effective, it will allow the company to sell registered debt and equity securities on a delayed or continuous basis. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
American Capital is a buyout and specialty finance company with capital resources exceeding $250 million. American Capital invests $3 to $20 million in the form of senior debt, subordinated debt and equity in middle market companies in need of capital for growth, acquisitions, ESOP buyouts, management buyouts, liquidity and restructurings.
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