CHEVY CHASE, Md., May 12 /PRNewswire-FirstCall/ -- CapitalSource Inc. today announced that it has completed the renewal of two secured credit facilities totaling $1.38 billion agented by Citi. Both facilities will mature on March 31, 2009, subject to an additional one-year amortization period.
"We indicated on our recent earnings call that we intended to renew these two credit facilities in advance of their scheduled renewal or maturity dates in June and August of this year. We have now completed those renewals and as a result have renewed all of our primary credit facilities that were scheduled to renew or mature during the balance of 2008," said Thomas A. Fink, CapitalSource Chief Financial Officer.
About CapitalSource
CapitalSource is a leading commercial lending, investment and asset management business focused on the middle market. CapitalSource manages an asset portfolio, which as of March 31, 2008, was approximately $19.85 billion. Headquartered in Chevy Chase, Maryland, the Company had 535 employees as of March 31, 2008 in offices across the U.S. and in Europe.
For more information, visit http://www.capitalsource.com/
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