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Securitization People and Markets

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  • Bear Stearns Asset Management is looking to build its assets under management to $3.5 billion and grow its non-collateralized loan obligation products, such as single and commingled accounts.
  • Banc of America Securities and Credit Suisse First Boston are providing Carter's, a branded marketer of children's apparel, with a $625 million credit facility to finance the $307.1 million acquisition of OshKosh B'Gosh.
  • Citigroup is leading an asset-based facility for beef processing company Swift & Co.
  • Coleto Creek is looking to amend its $460 million credit facility to pay a $50 million special dividend.
  • Bear Stearns is leading a $950 million credit facility for MetroPCS Wireless.
  • O'Brien is executive director and co-head of the short duration team at Morgan Stanley Investment Management in New York.
  • Syndication of the Penn National Gaming bank facility was launched at a bank meeting May 3.
  • Royal Bank of Scotland in London has hired Craig King, salesman in the rates business at Citigroup in London, as a senior salesman in the rates liquid products team to cover hedge funds.
  • Rock-Tenn Co. will acquire the paperboard packaging business of Gulf States Paper Corp. for $540 million.