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CapitalSource Healthcare REIT has been organized to conduct CapitalSource's healthcare net lease business. CapitalSource will receive all of the net proceeds of the initial public offering and will pay all of CapitalSource Healthcare REIT's IPO expenses. CapitalSource expects that it will retain a majority of the outstanding common shares of CapitalSource Healthcare REIT following completion of the IPO.
After the transaction is completed, CapitalSource Healthcare REIT will be managed by CapitalSource and will continue to invest in healthcare-related real estate assets, principally skilled nursing facilities.
The number of shares to be offered and the price range for the offering have not yet been determined. CapitalSource Healthcare REIT intends to apply to list its common shares on The New York Stock Exchange under the symbol "CHR."
A registration statement relating to CapitalSource Healthcare REIT's common shares has been filed with the Securities and Exchange Commission but has not yet become effective. Those securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of those securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Banc of America Securities LLC, Citi and Credit Suisse Securities (USA) LLC will act as joint bookrunners for the offering.
When available, copies of the preliminary prospectus relating to the offering can be obtained from Banc of America Securities LLC, Capital Markets (Prospectus Fulfillment) by e-mail to dg.prospectus_distribution@bofasecurities.com or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001; Citi, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220 (tel: 800-831-9146); and Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, NY 10010.
About CapitalSource
CapitalSource Inc. (NYSE: CSE | Quote | Chart | News | PowerRating) is a commercial lender offering focused lending products serving clients in the middle market. CapitalSource is headquartered in Chevy Chase, MD. For more information about CapitalSource, visit http://www.capitalsource.com.
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," "will," "expects," "plans," and similar expressions are generally intended to identify forward-looking statements. Examples of these forward-looking statements include, but are not limited to statements relating to the anticipated size, structure and timing of the offering and relationship between CapitalSource and CapitalSource Healthcare REIT and the expectation that CapitalSource Healthcare REIT's common shares will be listed on the NYSE following completion of the offering. All forward-looking statements 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. Actual results could differ materially from those contained or implied by such statements for a variety of factors, including the strength of the capital markets and other variables described in the registration statement that may affect demand for CapitalSource Healthcare REIT's common shares. All forward-looking statements included in this press release are based on information available at the time of the release. CapitalSource is 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.
SOURCE CapitalSource Inc.
http://www.capitalsource.com
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