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Securitization People and Markets

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  • A Baltimore-based asset manager is bringing on a new taxable and tax-exempt municipal credit analyst.
  • Kellner is managing director and head of credit portfolios at Prudential Investment Management in Newark, N.J. He oversees Prudential's emerging market, bank loan and high-yield areas but spends most of his time managing high-grade portfolios.
  • Highfields Capital Management proposed a $3.25 billion hostile bid for Circuit City.
  • ALM, previously known as American Lawyer Media, is using the liquid loan market to recapitalize the business and pare interest costs.
  • NiSource plans to renew $1.25 billion in credit lines in an effort to lock in relatively cheap rates.
  • Sigma Capital Management, a New York subsidiary of hedge fund goliath SAC Capital Advisors, has nabbed two more fixed-income professionals for its growing roster of veteran bond hands.
  • Lehman Brothers is leading a $550 million credit facility backing Infor Global Solutions acquisition of Mapics for $347 million.
  • GE Commercial Finance Corporate Lending continues to grow in the Lone Star State with the hiring of Paul Patrick as senior v.p. of origination for the Texas market.
  • Highland Capital Management has raised a $685 million collateralized loan obligation called Southfork CLO with J.P. Morgan leading the transaction.