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Trading on the brain? Whether he's making the trade, or setting a drink meeting, it's good to know that one trader always has his mind on the job. In response to a recent invitation, the trader said, "I think that I could free up some capacity some time soon."

Market players were buzzing last week over the status of the financing for the $1.7 billion buyout of Quintiles Transnational Corp. by Pharma Services Holding. The originally proposed $390 million bank deal included in the financing package was launched in early June and is still encountering turbulence on the road to completion, according to buysiders and bankers. "The deal is hung out there and [lead bank Citigroup] is trying to figure out if they can price guys in," said a banker familiar with the deal. "That [deal] has struggled and kind of died away," an investor added, stating that the facility is one of a few, if not the only credit that has not fared well in the current issuer-friendly environment. He said Citi was "re-tooling" the credit to make it more appealing to the buyside, but the exact status of the credit could not be confirmed and Citi bankers declined to comment on the situation. James Bierman, cfo of Quintiles, Greg Connors, senior v.p. of investor relations, and a spokeswoman did not return repeated calls.

This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.

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.

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.

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.

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.

L. Sankarasubramanian, head of credit derivatives research at ABN AMRO in New York, has joined Merrill Lynch as head of global credit analytics. At Merrill, Sankarasubramanian replaces Luis Reyna, who has moved to another role in the organization, which could not be determined by press time.