CHEVY CHASE, Md., March 5 /PRNewswire-FirstCall/ -- CapitalSource Inc. announced today that it plans a public offering of approximately 16 million shares of its common stock. The offering price of the shares will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering.
The joint book-running managers for the offering are Wachovia Securities, Citigroup Corporate and Investment Banking, Credit Suisse and JPMorgan. The Company expects the proposed sale of the shares to commence within the next two weeks.
A shelf registration statement relating to the shares in this offering has been filed with the Securities and Exchange Commission and has become effective. The Company expects to file its Annual Report on Form 10-K for the year ended December 31, 2005 on or about March 8, 2006.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the offered shares, and none of these shares may be sold in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained when available from Wachovia Securities, at 375 Park Avenue, New York, NY 10152,
About CapitalSource
CapitalSource is a specialized commercial finance company operating as a REIT and offering asset-based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending businesses: Corporate Finance, Healthcare and Specialty Finance and Structured Finance. By offering a broad array of financial products, we had outstanding $9.2 billion in loan commitments as of December 31, 2005. Headquartered in Chevy Chase, MD, we have a network of 23 offices across the country, and have approximately 540 employees. Middle market lending involves a certain degree of credit risk which we believe will result in credit losses in our portfolio. For more information, call toll free at (866) 876-8723.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. Examples of these forward-looking statements include, but are not limited to (i) our expectation that we will file our Annual Report on Form 10- K on or about March 8, 2006 and (ii) our expectation that we will commence an offering of our common stock in the next two weeks.
All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. More detailed information about factors we believe could cause our actual results, performance or achievements to differ materially from anticipated levels is contained in our filings with the SEC, including the sections captioned "Risk Factors" in our Current Report on Form 8-K as filed with the SEC on October 6, 2005 and "Risk Factors" and "Business" in our Annual Report on Form 10-K as filed with the SEC on March 15, 2005. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
