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Securitization People and Markets

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  • Oxford Automotive is seeking waivers from Silver Point Finance, which is limiting the auto supplier from using its three-year, $60 million revolver, which closed last November.
  • More than 39 names are in the book for the $200 million financing backing MultiPlan's $213 million acquisition of US Health, a subsidiary of BCE Emergis Corp. UBS leads the deal, which comprises a $20 million revolver and a $180 million term loan.
  • UBS and Citibank have wrapped up the credit for New Flyer Industries, a heavy-duty transit bus manufacturer, after tweaking the structure.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Goldman Sachs is closing its Boston fixed-income sales office.
  • UBS is in the market with an amended and restated facility for Herbalife International that cuts pricing on the company's $104.8 million credit by 1%.
  • Deutsche Bank named Michael Paasche head of loan products, a new position in the Global Corporate Finance division.
  • Materasso is an executive v.p. and head of global fixed income at Fiduciary. He manages the firm's $18 billion fixed-income fund from its headquarters in New York.