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Securitization People and Markets

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  • Astoria Energy will launch a refinancing for a $700 million "B" loan facility backing construction of a 1,000 MW gas-fired plant in Queens this week, according to Power Finance & Risk, an LMW sister publication.
  • Credit Suisse First Boston and UBS are leading a repricing for Nortek, a provider of building products for residential, light commercial and commercial applications.
  • American Securities Capital Partners (ASCP) joined the ranks of private equity firms taking dividends as it moved last week to take approximately $47 million from Unifrax Corp., a provider of ceramic fiber insulating products.
  • New York-based EagleRock Capital Management has hired John Petrozzi from Goldman Sachs, where he was a senior high yield and distressed debt trader for the past six years.
  • Cleco Corp. is refinancing unsecured facilities totaling $275 million via leads Bank of New York, J.P. Morgan and WestLB.
  • Credit Suisse First Boston in London has hired two professionals and lost one in European leveraged finance.
  • A Credit Suisse First Boston government salesman has exited for Banc of America Securities, where he will assume a role in hedge fund sales.
  • John Keane, director on Fitch Ratings' corporate securitization team in London, has left for Barclays Capital, where he will be a director in whole business research.
  • Tina Leung, a managing director and bank loan sourcer at Bear Stearns, has left the firm.