American Capital realizes a gain of $69 million
American Capital Strategies Ltd. announced today that it has realized a gain of $69 million in the second quarter of 2008 from the sale of its portfolio company BPWest Inc., the holding company for Anchor Drilling Fluids USA Inc., to Castle Harlan Inc. American Capital's inception to date total realized gain on its investment in BPWest is $80 million.
American Capital Ltd. swung to a $77 million profit in the third quarter and announced that it reached an agreement in principle to restructure $2.4 billion in unsecured debt.