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Securitization People and Markets

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  • J.P. Morgan and Bank of America are arranging a $290 million credit facility for DURA Automotive Systems to enhance liquidity and refinance its existing $175 million revolver and $111 million "C" loan.
  • Morgan Stanley and Goldman Sachs are leading a $380 million refinancing for Cellnet that backs a dividend to GTCR Golder Rauner.
  • BNP Paribas has added two J.P. Morgan staffers to its syndication, trading and placement group in order to strengthen the banks' U.S. business.
  • HSBC Securities has added Neil Yang, exotics trader at BNP Paribas, as managing director and senior correlation trader within structured credit products.
  • Kellner Di Leo Cohen & Co. has hired Brad Gustafson, distressed securities analyst and workout specialist at Alliance Capital Management, as financial analyst for the distressed and high-income portfolios.
  • Deutsche Bank has hired three for its high-yield sales and trading teams.
  • Deutsche Bank is leading a refinancing for Sunrise Medical that will also pay a dividend to owners Park Avenue Equity Partners and Vestar Capital Partners.
  • Retail Ventures, the operator of discount chains DSW Shoe Warehouse, Filene's Basement and Value City Department Stores, plans to refinance its revolving credit agreement in the first half of 2005 and to pay down $100 million in term loans.
  • BNP Paribas, Deutsche Bank, Goldman Sachs, Royal Bank of Scotland and Bank of America are leading a bank financing for Eutelsat, a satellite provider.