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Securitization People and Markets

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  • A series of credits for wireless and tower companies are hitting the market amid strong investor sentiment for the revitalized sectors.
  • Alan Gerstein, a senior credit derivatives trader at Goldman Sachs in New York, has been lured to structured credit start up BlueCrest North America.
  • Gary Ladolcetta has started at Commerce Bank in New Jersey as a managing director with responsibility for setting up a loan distribution business on a more formalized basis.
  • The $275 million "B" loan backing Atlantic Broadband's $765 million acquisition of cable systems from Charter Communications is oversubscribed.
  • Clients of J.P. Morgan and Bank One were upbeat on the $58 billion acquisition, despite some concerns banking consolidation may lead to tighter lending.
  • Lehman Brothers and Banc of America Securities are leading a 1% price cut of CBD Media's credit.
  • Lehman Brothers has pitched a $196 million "B" loan for Teton Power Funding to a handful of investors.
  • Links Securities has reportedly hired up to 20 high-yield professionals from Maxcor Financial, including Mario Monello, the former head of high yield at Maxcor, according to a high-yield portfolio manager familiar with the move.
  • The Loan Syndications and Trading Association will hold its annual membership meeting this Thursday where it will elect 10 new directors for its 2004 board.