CapitalSource Inc. (NYSE:CSE) reported that holders of its 12.75% First Priority Senior Secured Notes due 2014 have approved an amendment (the "Amendment") which creates substantial financial flexibility, including the opportunity to buy back shares. As a result, the Company announced that its Board authorized the repurchase of up to $150 million of its common stock over a period of up to two years. There are four principal components to the Amendment as follows: The Company is permitted to use available cash to purchase its convertible debentures redeemable in July 2011 and July 2012; The Company's restricted payments capacity, which can be used for share repurchases among other purposes, was increased to approximately $164 million as of September 30, 2010 as a result of modifications to the formulas for calculating restricted payment capacity. The restricted payments formula was revised such that 75% of pre-tax earnings will be added to restricted payment capacity each quarter going forward.
CapitalSource, Inc., a specialized finance company, provides various financial products to small and medium-sized businesses in the United States. It operates through three divisions: Corporate Finance, Healthcare and Specialty Finance, and Structured Finance.
Radian Group Inc. (NYSE:RDN) reported that S.A. Ibrahim, chief executive officer, will be presenting at the Friedman, Billings, Ramsey Capital Markets Fall Investor Conference, which is being held at The Grand Hyatt New York hotel on Tuesday, November 30, 2010 at 9:45 a.m. Eastern time. The presentation, which will be webcast live with an accompanying slide presentation, can be accessed by visiting http://www.wsw.com/webcast/fbr24/rdn/ or Radian’s website at http://www.radian.biz/page?name=Webcasts.
Radian Group Inc., through its subsidiaries, provides credit-related insurance coverage and financial services in the United States and internationally. The company operates in three segments: Mortgage Insurance, Financial Guaranty, and Financial Services.
Boise Inc. (NYSE:BZ) reported that Alexander Toeldte, President and Chief Executive Officer, is scheduled to present a company overview at the Bank of America Merrill Lynch Global Industries Conference in New York City on Thursday, December 16, 2010, at 8:50 a.m. ET. The presentation will be webcast live and available for replay until December 31, 2010. In order to access the webcast, please go to www.BoiseInc.com and click on the link to the webcast under Webcasts & Presentations on the Investors drop-down menu.
Boise Inc. manufactures packaging and paper products in North America. The company operates through two segments, Paper and Packaging. The Paper segment engages in the manufacture and sale of uncoated freesheet paper.
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