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CapitalSource announces senior note, stock offer
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CHEVY CHASE, Md. - Commercial lender and money manager CapitalSource Inc. announced Friday plans to offer $300 million of senior notes and 17.5 million common shares.
The book-running manager for the stock offering is Credit Suisse Securities (USA) LLC.
The senior notes will be due in 2014.
CapitalSource said proceeds will be used to make a $300 million payment required under the terms of the recently announced amendments to extend the maturity on a facility.
Shares of CapitalSource fell 31 cents to $4.21 in after-hours trading, after closing down 20 cents at $4.52 in the regular session.
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