Seen N' Heard
* "I'm used to being the Rodney Dangerfield of the loan market-- it's tough getting respect with smaller deals."-- Durant Schwimmer, managing director of the syndications, trading and placement group at BNP Paribas Securities, heading off a panel about middle market deal reception in the present marketplace.
* Attendees were rubbing their eyes after hitting the skies to attend the conference immediately after the Thanksgiving holiday weekend. Flying into New York on one of the busiest travel days of the year made for many delays and some bankers rolled into the event as much as four hours late.
* "Revolvers are the turkey of the loan market."-- Anthony Clemente, head of the high-yield investments group and global partner at Invesco Senior Secured Management, addressing the revolver's increasing lack of profitability.
* "It's wrong when agents act as a gatekeeper to the borrower."-- Justin Driscoll, managing director at Bear Stearns Asset Management, referring to the need to have adequate access to information about an issuer without being stumbled by unclear due diligence.