CapitalSource Provides $56MM Credit Facility to Welcov Healthcare
CapitalSource said it provided a $56.1 million credit facility to Welcov Healthcare to refinance existing debt and provide growth capital.
CapitalSource said it provided a $56.1 million credit facility to Welcov Healthcare to refinance existing debt and provide growth capital.
National Funding said CapitalSource Lender Finance provided a new $50 million credit facility to support the company’s ability to invest in new products and to expand its marketing presence.
CapitalSource announced it provided an additional loan facility to Evolve IPTM. Serving as administrative agent and lead arranger, CapitalSource upsized the existing Evolve IP facility to $42.2 million.
Cloud services provider Evolve IP announced it has secured a $27.5 million senior secured loan facility with CapitalSource as administrative agent and lead arranger.
CapitalSource announced it originated over $2.5 billion of new loans in 2013, which resulted in net portfolio loan growth of 19%. The company said Bank segment FY net income of $140.7 million was up 15% from $122.7 million a year earlier.
This issue’s FinalCut presents a whimsical rendering of the merger of PacWest Bancorp and CapitalSource and MB Financial’s acquisition of Taylor Capital.
CapitalSource Bank reported total loans and leases were $6.4 billion in its Bank segment at quarter end 2013, an increase of 20% from one-year ago. Asset-based loans at quarter end were $1.76 billion, up 23% from last year’s Q2.
CapitalSource reported that its total loans and leases in the Bank segment were $6 billion at first-quarter end, up from $5 billion or 18% from the same quarter end in 2012.
CapitalSource closed a $20 million increase to its revolver with ASG Security. The company plans to use the additional capacity to continue executing on its growth plans over the next several years.
CapitalSource said it has launched a new healthcare construction finance program to help skilled nursing providers upgrade their physical plants.