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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
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Credit Suisse First Boston is also leading a credit to finance the sale of Great Lakes Dredge Dock Corp. to private equity firm Madison Dearborn Partners for $340 million.
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Bank of America and Wells Fargo Bank are in the market with a $250 million financing for Green Valley Ranch Gaming. The credit comprises a five-year, $100 million revolver and a seven-year, $150 million "B" loan, according to Glenn Christenson, executive v.p. and cfo of Station Casinos.
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Four banks have launched syndication of a $250 million Canadian revolver and a $275 million "B" loan for Bain Capital's acquisition of Bombardier's recreational products business.
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Credit Suisse First Boston is said to be offering Texas Pacific Group's newly formed Oregon Electric Utility Co. $1.15 billion in debt financing to back the $2.35 billion bid for Enron's Portland General Electric utility. Spokesmen for TPG and CSFB declined comment.
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The tranche "A" bank debt for Edison Mission Midwest Holdings (EMMH) rolled up to the 99 range with more than $100 million changing hands after Edison Mission Energy (EME) revealed that it had received a commitment letter for a three-year, $700 million secured bridge loan to meet the bank debt maturity coming due on Dec. 11.
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Ionics, a developer and manufacturer of systems and services for water treatment, has tapped UBS, Bank of America and Fleet Securities for $250 million in bank debt to back the acquisition of Ecolochem.
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Credit Suisse First Boston reverse flexed pricing and added a delayed-draw $50 million term loan to the recently launched loan package for NUI Corp. and its operating unit NUI Utilities.
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Credit Suisse First Boston has reverse flexed pricing and added a delayed-draw $50 million term loan to the recently launched loan package for NUI Corp. and its operating unit NUI Utilities.
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