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Securitization People and Markets

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  • Jeff Ogden will be joining Lehman Brothers next month in its loan capital markets division. He had worked at Deutsche Bank until a few weeks ago.
  • Fender Musical Instrument Corp., maker of the legendary Stratocaster and Telecaster guitars, is looking to borrow $320 million in first and second-lien loans to fund a $215 million one-time special dividend to shareholders and employee bonuses.
  • Banc of America has scooped a Treasury trader from Lehman Brothers.
  • Credit Suisse First Boston is leading a $72 million "B" loan for Alion Science and Technology.
  • BNY Capital Markets is looking to hire an institutional fixed-income salesman for its fledgling mortgage- and asset-backed securities desk in New York.
  • GoldenTree Asset Management is exiting the long only separate account business and is returning $1.2 billion to investors.
  • Jeff Bersh, managing director and head of the distressed credit trading group at Credit Suisse First Boston, has left the firm and plans to start a hedge fund.
  • eSpeed has lost its global head of futures and options. James Stedman recently left the electronic trading platform company, where he had reported to Stephen Bookbinder, global head of sales.
  • Goldman Sachs will wrap up Data Transmission Network's refinancing in the next week with investors oversubscribing the $155 million, seven-year "B" loan and five-year $20 million revolver.