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Securitization People and Markets

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  • J.P. Morgan is the sole lead for a $135 million financing for Diagnostic Imaging Group.
  • Merrill Lynch in London has hired Stephen Burns as a collateralized debt obligation portfolio manager.
  • Toronto Dominion is leading a repricing for SP News Print. The amendment will reprice the term loan "B" from LIBOR plus 3% to LIBOR plus 2 1/4%.
  • Kevin Murphy and Christopher Pucillo of Stanfield Capital Partners have been recognized by the National Foundation for Teaching Entrepreneurship (NFTE) for their commitment to increasing education and economic opportunities for low-income youth.
  • Pricing was set for the $165 million facility backing Kelso & Co.'s $414 million acquisition of Insurance Auto Auctions.
  • Alpharma, the Fort Lee, N.J.-based pharmaceutical company, is facing refinancing risk from $154 million of convertible notes that must be reduced to less than $10 million by Dec. 1.
  • Barclays Capital in London has hired two credit salesmen for new roles on its Middle East and North Africa distribution team.
  • The International Association of Credit Portfolio Managers has tapped Som-lok Leung, senior director at Moody's KMV, as executive director.
  • The work of the Basel Committee on Banking Supervision continues to portend changes for U.S. banking.