Hospitality Mints LLC
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American Capital Invests $46 Million in Buyout of Hospitality Mints
Bethesda, MD - December 1, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $46 million in Hospitality Mints LLC, a leading, vertically integrated niche provider of custom-imprinted and individually wrapped mints and candies. American Capital's investment takes the form of senior term debt, senior and junior subordinated debt with warrants and equity. Texas Capital Bank is providing a revolving loan facility and a senior term loan. Hospitality Mints management is investing in the equity. American Capital owns approximately 86% of Hospitality Mints on a diluted basis. [more...]
Hospitality Mints: a Refreshing Way to Advertise
Hospitality Mints LLC, in Boone, NC, has created a winning recipe for using mints and candies to advertise, promote and say "thank you." With a daily production of four million candies, the company serves more than 6,000 customers whose needs range from 1,000 candies to thousands of cases. The company's products are sold in customized wrappers and packaging that bears a customer's marketing message and logo. More than 9 million pounds of candy in 25 varieties are sold annually to major foodservice and advertising specialty distributors and specialty retailers. [more...] |
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