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American Capital exited its investment in Ace Cash Express, Inc. in the second quarter of 2004.

Visit the ACE Cash Express Internet site

Call Principal Jeff MacDowell at (214) 273-6630.

American Capital Realizes 24% Return on Investment in ACE Cash Express

Bethesda, MD – May 26, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has been repaid its $40 million senior and subordinated debt investments in ACE Cash Express Inc. (Nasdaq: AACE), realizing a 24% compounded annual rate of return. ACE, one of the nation's largest owners, operators and franchisors of retail financial services stores, has used proceeds from its recent successful follow-on public stock offering to repay the American Capital notes. The 24% return includes the interest and fees received over the life of American Capital's investment in the company. In March 2003, American Capital invested $40 million to recapitalize ACE's term loans and senior notes. [more...]

American Capital Invests $40 Million in Leading National Retail Financial Services Provider

Bethesda, MD – April 2, 2003 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $40 million to recapitalize ACE Cash Express, Inc. (Nasdaq: AACE), one of the nation's largest owners, operators and franchisors of retail financial services stores. American Capital's investment takes the form of senior secured subordinated notes, with proceeds being used to refinance a portion of ACE's existing debt. A bank group led by Wells Fargo Bank Texas, JP Morgan Chase Bank, Bank of America and US Bank remains as the company's revolving credit facility provider. New lenders in the company's revolving credit facility include US Bank and Southwest Bank of Texas. [more...]

ACE Cash Express
With 35 years experience, Irving, Texas headquartered ACE Cash Express, Inc. (Nasdaq: AACE) is one of the nation's largest owners, operators and franchisors of retail financial service stores. The company has been consistently profitable, with revenue growth exceeding 20% over the past five years. [more...]