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Securitization People and Markets

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  • TRW Automotive is refinancing and expanding its credit facility after putting a new $300 million "E" loan in place.
  • The Royal Bank of Scotland is continuing to bulk up its loan markets group, bringing on board Andrew Rothstein as a senior v.p. from Merrill Lynch Capital and Chad Hersch as an associate v.p. from Credit Suisse First Boston.
  • Nomura Securities International is looking for an agency strategist with experience in other liquid products and may begin interviewing candidates early next year.
  • Hyperion Capital Management recently added a professional to help evaluate its investment in sub-prime mortgage assets.
  • Investment and commercial banks and collateralized loan obligations are increasingly competing for lending business on commercial and industrial (C&I) loans.
  • J.P. Morgan is syndicating a $115 million credit for Pro Mach.
  • Fitch Ratings has snapped up Eric Tutterow, group v.p. in high yield, and Phelps Hoyt, senior v.p. and cfo at KDP Investment Advisors, for its Chicago office as part of an overall expansion of its U.S. high-yield coverage.
  • Bain Capital is reportedly buying dollar-store company Dollarama and has tapped Citigroup to lead the financing.