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American Capital exited its investment in Lubricating Specialties Company in the first quarter of 2003. 

American Capital Realizes $3.8 Million in Capital Gains; $47 Million Return of Capital

Bethesda, MD – April 3, 2003 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received $47 million in prepayments and exits on three portfolio companies in the first quarter of 2003, realizing $3.8 million in gains. American Capital has completely exited its investment in senior debt and senior subordinated debt with warrants of Lubricating Specialties Company, earning a 19% compounded annual return. American Capital has partially exited its investment in subordinated notes issued by Weston Solutions Inc., earning a cumulative 32% compounded annual return, and has partially exited its subordinated notes issued by Plastech Engineered Products Inc., earning an excellent return. None of these exits involved financing from American Capital. [more...]

American Capital Invests $22.7 Million in Lubricating Specialties Company

Bethesda, MD – December 6, 2000 – American Capital Strategies, Ltd. announced today that it has invested $22.7 million in the recapitalization of Lubricating Specialties Company, the largest independent manufacturer, blender and marketer of greases and lubricants on the West Coast. The investment takes the form of senior debt and senior subordinated debt with warrants. Comerica Bank is the agent for the senior debt. [more...]