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Securitization People and Markets

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  • 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.
  • UBS and GE Capital are said to be working on the financing backing Apollo Management's $600 million acquisition of United Agri Products (UAP) from ConAgraFoods.
  • Several buyside accounts were rumored to be trying to rally investors to block Bank of America's repricing of DaVita's bank credit facilities, miffed that the dialysis-services provider is looking to cut pricing by 25 basis points with a grid to take it down another 25 basis points to LIBOR plus 2%.
  • J.P. Morgan and Credit Suisse First Boston's repricing for 24 Hour Fitness Worldwide raised some investor eyebrows last week.
  • UBS last week launched syndication of the credit backing the leveraged buyout of Atkins Nutritionals by Parthenon Capital and GS Capital Partners.
  • Investors poured into Cincinnati Bell's new $525 million term loan "D," which refinances existing alphabet tranches.
  • Deutsche Bank last week launched the fully underwritten $675 million credit facility for Yellow Corp., backing the $1.1 billion acquisition of Roadway Corp.
  • 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.