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COPYRIGHT 2005 PR Newswire Association LLC
BETHESDA, Md., Oct. 31 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. announced today it has invested $32 million in the debt refinancing of Stein World LLC, a leading designer, importer and distributor of residential accent furniture and portable lighting. American Capital's investment takes the form of a senior term B loan and senior and junior subordinated debt. GE Antares Capital, a unit of GE Commercial Finance, and Dymas Capital Management are investing in a senior term A loan and are also providing a revolving credit facility. Goense Bounds & Partners, New York Life Insurance Company, Stein World management and private investors are currently invested in the equity. Goense Bounds is the majority equity investor.
"Our investment in Stein World not only backs the growth of an excellent accent furniture company, but also develops a new relationship with an experienced private equity firm, Goense Bounds. This is our 10th new private...
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