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Securitization People and Markets

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  • Cryan is a high-yield portfolio manager at Evergreen in Boston. He is the lead manager of the $600 million Evergreen Select High-Yield Bond Fund, which is part of $5 billion in assets run by the firm.
  • Credit Suisse First Boston and Morgan Stanley have been working to persuade investors to buy into WellCare Health Plans' new credit facility, trotting out Morgan's top healthcare analyst and jacking up pricing.
  • A couple of former Alliance Capital Management fixed-income professionals have resurfaced at Lee Munder Capital Group, an alternative investor with offices in Boston and Palm Beach, Fla.
  • Price talk has flexed down 25 basis points to LIBOR plus 1 1/2% on Fresenius Medical Care's $250 million "D" loan.
  • Goldman Sachs has named Tom Cornacchia and Stacy Bash-Polley as co-heads of the New York rates desk.
  • Bank of America and GMAC Financial Services have committed to Gundle/SLT Environmental's (GSE) $65 million credit facility.
  • Price talk has flexed down 25 basis points to LIBOR plus 1 1/2% on Fresenius Medical Care’s $250 million "D" loan.
  • Lehman Brothers launched syndication last Tuesday of a $345 million bank facility for Getty Petroleum Marketing.
  • Merrill Lynch Capital has wrested the lead spot on TransFirst Holdings' $265 million credit facility from GE Capital thanks to Jeff Gelm, who had been the company's banker when he worked at now-defunct Heller Financial.