CapitalSource renews 2 credit facilities

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By AP
12 May 2008 @ 11:56 am EST

CHEVY CHASE, Md. - Commercial lender CapitalSource Inc. said Monday it has renewed two secured credit facilities totaling $1.38 billion.

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CSE

9.83

-0.51

Both credit lines, which are managed by Citi, will mature on March 31, 2009, subject to an additional one-year amortization period.

Shares of CapitalSource rose 18 cents to $15.03 in morning trading.

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CapitalSource renews 2 credit facilities

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