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Securitization People and Markets

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  • Credit Suisse First Boston and UBS are getting ready to close Harbor Freight Tools' recapitalization after reverse flexing the term loan spread last Friday.
  • 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.
  • James Messing, senior v.p. at boutique dealer Imperial Capital, has joined Cantor Fitzgerald in the new role of director of high-yield sales "We will continue to add to our staff and we'll see where we go from there," Messing said.
  • Thomsen is a managing director and senior portfolio manager for the $3 billion high-yield trust at Putnam in Boston.
  • Calyon, BNP Paribas, ING, Scotia Capital and Sumitomo Bank have signed on at the senior managing agent tier for PanAmSat Corp.'s $2.91 billion credit.
  • UBS launched syndication last Wednesday of a $155 million refinancing for Quest Cherokee.
  • Syndication is set to launch today for the six-year, $160 million "B" loan backing Oak Hill Capital Partners' $700 million acquisition of Duane Reade. Credit Suisse First Boston and Bank of America are leading the bank debt.
  • Mike Antilety, mortgage-backed securities trader at Caxton Associates in New York, left the firm last month.
  • Goldman Sachs and GMAC Commercial Finance launched syndication last Wednesday of a $150 million facility for mining equipment manufacturer Bucyrus International, a portfolio company of American Industrial Partners (AIP).