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Securitization People and Markets

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  • Credit Suisse First Boston and Goldman Sachs increased the size of Skilled Healthcare Group's second-lien term loan to take out some preferred shares.
  • An enthusiastic investor response led Wachovia Securities and CIBC World Markets to cut the price and tweak the term loan sizes on Herald Media's new credit.
  • $975 million credit for Venetian Casino Resort is coming to the table with investors excited about the performance of the company, but concerned by the single-project nature of the loan.
  • J.P. Morgan and CIBC World Markets are in the market with a C$415 million facility backing Thomas H. Lee Partners' acquisition of Progressive Moulded Products from Oak Hill Capital Partners.
  • Merrill Lynch in London has hired Pascal Richard from Fitch Ratings and Ruby Brard from Standard and Poor's as associates for its real estate finance team, headed by Stephen Green.
  • Goldman Sachs and Wachovia Securities launched syndication last Tuesday for Mitchell International's $155 million dividend recap.
  • Michael Youngblood, head of mortgage-backed securities research at GMAC-RFC Securities, is expected to join Friedman, Billings, Ramsey & Co. in a fixed-income research role.
  • Scotia Capital, Antares Capital and GE Capital have signed on as agents for the $170 million facility backing AEA Investors’ acquisition of Kranson Industries.
  • Syndication of Acosta Sales Co.'s dividend recap launched today.