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Securitization People and Markets

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  • J.P. Morgan and Morgan Stanley are leading a refinancing for Nextel Partners Operating Corp., a subsidiary of Nextel Partners.
  • Navigant International is in the process of completing a major refinancing that includes a new $170 million senior secured credit facility and a $60 million private offering of 20-year convertible subordinated debentures.
  • J.P. Morgan and Wachovia Securities have increased the dividend for The Carlyle Group's portfolio company Empi Corp. to $62 million from $47 million.
  • AaiPharma, a science-based pharmaceutical company, is tapping the bank debt market to back the acquisition of a portfolio of pain management products from Elan Corp. for $100 million.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
  • UBS and J.P. Morgan are in the market with a bank loan and equity offering backing a recapitalization for SOLA International, a designer and manufacturer of eyeglass lenses.
  • J.P. Morgan and Goldman Sachs circled the commitments for National Waterworks' $80 million add-on loan that backs a $110 million dividend payment to equity sponsors J.P. Morgan Partners and Thomas H. Lee Partners.
  • Wachovia Securities is in the market with a $125 million credit for dj Orthopedics, a designer, manufacturer, and marketer of products and services for the orthopedic sports medicine market.