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Securitization People and Markets

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  • Deutsche Bank is leading a $300 million refinancing for food retail and distribution company Nash Finch Co.
  • NorthWestern Corp. plans to emerge from bankruptcy next month with holders of a pre-petition, $390 million term loan paid back with a $3.9 million premium and new, cheaper financing for the company pitched to the market.
  • Calyon is increasing its presence in the Latin American syndicated loan market and has brought Rodrigo Gracia on board from Dresdner Kleinwort Wasserstein in New York.
  • Leverage is back and it's back aggressively, Barbara Grunkemeyer, deputy comptroller for credit risk at the Office of the Comptroller of the Currency, told attendees.
  • Marsh & McLennan Companies (MMC) plans to commence immediate discussions with its lenders to amend or replace its $2.755 billion credit facilities as Eliott Spitzer continues his assault of the company over brokerage fees.
  • The Royal Bank of Scotland has hired David Morin from ABN Amro as a v.p. trading leveraged and non-leveraged loans.
  • Lenders are eagerly anticipating the financing backing the $3.65 billion acquisition of Texas Genco Holdings by The Blackstone Group, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Texas Pacific Group.
  • Collins is a portfolio manager and strategist on the high-yield team at Prudential Fixed Income, which manages $12 billion in high yield from Newark, N.J.
  • J.P. Morgan is in the market with a new $50 million revolver and $100 million "B" loan for SHPS that refinances a $50 million "A" loan and $15 million revolver.