CapitalSource, a leading commercial finance firm headquartered in Chevy Chase, Md., announced today the formation of a new division focusing on media and communications finance.
The Media and Communications Finance Division, based in Chicago, will operate within the company's Corporate Finance group, which focuses on providing senior or mezzanine financing to companies that have private equity sponsorship.
Heading the new division will be Jeffrey Kilrea, who joins CapitalSource from GE Capital Commercial Finance and its predecessor company Heller Financial. At GE Capital he led the company's lending efforts on behalf of clients in the media and communications industries.