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CapitalSource issues mega-CLO

Commercial loan provider CapitalSource has priced its most flexible ABS transaction to date, a $1.5 billion revolving cash flow CLO.

Backed by mainly senior secured commercial loans, plus subordinate middle-market loans, the CapitalSource Commercial Loan Trust 2006-2 closed last Thursday. Citigroup Capital Markets and Wachovia Securities were joint leads...

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