American Capital Raises $1 Billion

Jul 20 2007 | 10:47am ET

Alternative asset management firm American Capital Strategies this week raised $1 billion in its public offering.

Approximately 22.4 million shares of common stock were sold in the offering at $45.05 per share.

American Capital expects to use most of net proceeds, approximately $748 million, from the direct sale of 17.4 million shares of common stock for general corporate purposes, including investment and lending activities and to repay debts owed under existing revolving credit facilities.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...