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  • Lehman Brothers and Citigroup are leading a $1.9 billion deal for EPCO Holdings.
  • Second-lien issuance in Europe has skyrocketed as European investors become increasingly comfortable with the product, according to Bond Week, an LMW sister publication.
  • The Bond Market Association has hired fixed-income market veteran Randy Snook, formerly a partner at Goldman Sachs, as executive v.p. and head of its New York office.
  • Fidelity Investments has hired Mike Plage, trader at Citigroup Investments in Hartford, Conn., as a trader in its liquid markets group.
  • BNP Paribas has made a couple of hires to boost its credit team.
  • BNP Paribas has hired Jim Bolger, managing director in credit trading at Bear Stearns, as director and senior financials trader.
  • Bank of America in London has added four professionals to its investment-grade debt origination business.
  • The Bond Market Association has hired fixed-income market veteran Randy Snook, formerly a partner at Goldman Sachs, as executive v.p. and head of its New York office.
  • Cabela's, a Sidney, Neb.-based company that sells hunting, fishing and outdoor gear, has signed a new credit facility, which increases its borrowing capacity by $95 million with an accordion feature to increase it a further $125 million.
  • Citigroup in London has hired Birgit Specht, global head of securitization research at Dresdner Kleinwort Wasserstein in London, as head of European asset-backed strategy.
  • ARCap, a Dallas-based non-investment grade commercial mortgage-backed securities investor, has formed a new unit to originate loans.
  • Monro Muffler Brake, a provider of automotive undercar repair and tire services, has put in place a new five-year, $160 million credit line that increases borrowing capacity, fueling its acquisition strategy.