American Capital invests $32.8 million in Halex Corp.
BETHESDA, Md. -- American Capital Strategies Ltd. announced that it has invested $32.8 million to recapitalize Halex Corporation, the leading manufacturer and distributor of carpet tackstrips, plywood underlayment and other flooring installation supplies.
American Capital's investment takes the form of senior subordinated notes and
preferred stock. Antares Capital Corporation provided a senior term loan and revolving credit facility and also purchased preferred stock.