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Securitization People and Markets

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  • Pfeffer is president of FGIC, a bond insurance company that was spun off from General Electric Capital last year and has been ramping up personnel and expanding its business activity ever since.
  • International Mill Service is tacking on $180 million of debt to its credit facility to purchase steel-mill service company Tube City Holdings.
  • Investors poured into Novelis' new $2 billion credit last week.
  • Highland Capital Management has hooked up with Pioneer Investment Management to raise a $650 million closed-end fund called Pioneer Floating Rate Trust.
  • UBS and Citigroup last week launched syndication of a $375 million refinancing for window manufacturer Atrium Companies.
  • Syndication began last week for the long-awaited Constellation Brands credit that funds the company's $1.3 billion acquisition of The Robert Mondavi Corp.
  • The $475 million credit backing The Cypress Group and Goldman Sachs Capital Partners' $1.165 billion acquisition of Cooper-Standard Automotive came to market last week after a delay due to an injunction on the sale.
  • The Primary Roundup is a compilation of deals previously reported by LMW, as of Thurs., Dec. 2.
  • J.P. Morgan and Bear Stearns are in the market with a $300 million credit facility for Scientific Games Corp.