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CapitalSource Announces Senior
Secured Note Offering
CHEVY CHASE,
Md., July 10 /PRNewswire-FirstCall/ — CapitalSource Inc.
(NYSE: CSE) today announced its intention to offer
$300 million in aggregate principal amount of senior secured
notes due 2014 (the “Notes”). The Notes will be senior,
secured obligations guaranteed by CapitalSource Finance LLC, and
will be secured by certain collateral of the Company on a pari
passu basis with its senior secured bank facility (the
“Facility”). Proceeds will be used to make a
$300 million payment required under the terms of the recently
announced Facility amendments in order to satisfy the condition to
extend the Facility maturity.
The Notes will
be offered in the United States to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”) and outside the United
States pursuant to Regulation S under the Securities Act. The
Notes and the related subsidiary guarantee have not been registered
under the Securities Act and may not be offered or sold in the
United States without registration or an applicable exemption from
the registration requirements.
This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy the offered Notes, nor shall there be any sale
of Notes in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
CapitalSource
Inc. (NYSE: CSE) is a commercial lender that provides financial
products to middle market businesses and offers depository products
and services i
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