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  • Bear Stearns and Credit Suisse First Boston are leading $455 million in bank debt for DoubleClick, including an eight-year, $115 million second-lien loan.
  • JPMorgan and Bank of America are leading a $700 million refinancing for radio broadcaster, Cumulus Media.
  • More than 3,000 asset-backed professionals flocked to Barcelona's Hotel Arts and surrounding clubs and restaurants for Information Management Network's ninth annual Global ABS Summit last week in the Catalan capital.
  • INVESCO Senior Secured Management's Avalon Capital collateralized loan obligation has built up a cash position of approximately $150 million or 30% of the portfolio.
  • CIBC World Markets has filled the books on $370 million of loans for N.E.W. Customer Service Companies.
  • Pricing prowess is only the fourth-most important factor for first-time European issuers when selecting firms to underwrite their deals, according to a PriceWaterhouseCoopers survey of 200 issuers.
  • Jefferies & Co. plans to build its Treasury and agency business with new sales hires and possible additions to its trading desk by year-end.
  • JPMorgan is leading a $270 million credit facility for CII Carbon to fund its acquisition of Venture Coke Co. from ConocoPhillips Co. and M.E. Zukerman Calcined Coke Corp.
  • WPS Resources has landed a $500 million revolver, combining two expiring 364-day facilities.
  • Research analysts are divided as to whether spreads will tighten further in advance of Basel II, the new regulatory capital framework due to be implemented in 2007.
  • Post-issuance reporting in the securitization market has improved over the past five years but further disclosure is required if the secondary market is to mature.
  • While Société Générale's clients sipped fine wines and ABN AMRO's enjoyed the tones of Heather Small from M People on Tuesday night, less refined revelers got down and dirty with the nearly naked bartenders at United Capital Markets' Baja Beach Club party.