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Article: American Capital Strategies Funds Acquisition By Four-S
- Article from:
- PR Newswire
- Article date:
- October 14, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BETHESDA, Md., Oct. 14 /PRNewswire/ -- American Capital Strategies, Ltd. (Nasdaq: ACAS) announced today that it has funded $6.1 million in senior debt, subordinated debt and preferred equity for Four-S Baking Company of Los Angeles, Calif., as part of a $19.8 million total financing.
The funds will be used by Four-S to finance a portion of the acquisition of the Los Angeles region Weber brand pan white bread business from Interstate Brands Corp. Weber is the number one market share white bread in Southern California. The total financing includes senior credit facilities from LaSalle National Bank, a seller note, and an equity investment by Four-S management.