CapitalSource (CSE) Raises Buyback Plan to $385 Million
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Price: $9.36 +0.86%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +40.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +40.0%
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CapitalSource Inc. (NYSE: CSE) today announced that a majority of the holders of its outstanding 12.75% First Priority Senior Secured Notes due 2014 have tendered their Notes and delivered their consent to proposed Amendments pursuant to a Tender Offer and Consent Solicitation launched on August 31, 2011.
With the restrictive covenants substantially eliminated, the CapitalSource Board has increased the authorized level of share repurchases by $200 million, raising the total authorization to $385 million
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With the restrictive covenants substantially eliminated, the CapitalSource Board has increased the authorized level of share repurchases by $200 million, raising the total authorization to $385 million
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