Commercial lender CapitalSource Inc will consider to tap the capital market to lower its debt or financing costs if an opportunity arose but there are no plans on the anvil, its chief executive said. The Chevy Chase, Maryland-based company, which transformed itself from a real estate investment trust to a bank in January, has been trying to sell assets such as its healthcare net lease business to focus on expanding its banking operations.
CapitalSource had offered $300 million of senior secured notes and 17.5 million common shares in July and recently amended and extended five of its credit facilities to lower its debt maturities for 2009 and 2010.