July 13, 2009 (FinancialWire) — CapitalSource Inc. (NYSE: CSE) plans to launch public offerings of around 17.5 million shares of its common stock and $300 million of senior secured notes due 2014. Credit Suisse Securities (NYSE: CS) will act as bookrunning manager for the stock offering.

The notes will be senior, secured obligations guaranteed by CapitalSource Finance LLC, and will be secured by certain collateral of the company on a “pari passu” basis with its senior secured bank facility.

Proceeds from the notes offering be used to make a $300 million payment required under the terms of amendments to the company’s credit facility.

Chevy Chase, Maryland-based CapitalSource is a commercial lender that provides financial products to middle market businesses and offers depository products and services in southern and central California through its CapitalSource Bank unit.

As of March 31, CapitalSource posted total commercial assets of $11.4 billion and $4.7 billion in deposits.

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