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  • Bank of America Cuts Assignment Fees
    Bank of America has reduced the level of assignment fees on B of A-agented deals that trade away from the bank.
    January 21, 2005
  • Barclays Seeks Researchers For MBS Biz
    Barclays Capital is looking to hire up to five researchers to support its fledgling mortgage business.
    January 21, 2005
  • Del Labs Flexes Down
    A couple of tweaks were made last week to Del Laboratories' credit facility.
    January 21, 2005
  • D&K Healthcare Extends Credit Life
    D&K Healthcare Resources has amended its $600 million asset-based credit facility to extend maturities two years to 2009, increase borrowing capacity to $735 million without the requirement of lender consent and switch covenants.
    January 21, 2005
  • JLL Partners Constructs Dividend Recap For Builders FirstSource
    UBS and Deutsche Bank are prepping a $375 million credit facility and $250 million of term notes for Builders FirstSource that will refinance debt and pay a $237 million dividend to JLL Partners.
    January 21, 2005
  • Morgan CMO Veteran Leaves
    Pete Incledon, head of agency collateralized mortgage obligations at J.P. Morgan in New York, has left the firm, according to an official on the CMO desk.
    January 21, 2005
  • NEP Add-On Expected To Go Smoother Than Last Run
    Wachovia Securities is returning to market with a new $76 million add-on "C" loan for NEP Supershooters that buysiders said should coast despite a rough time when the provider of outsourced media services tapped the market last May.
    January 21, 2005
  • Nordic Bank Hires Hawkes
    Kaupthing Bank, a Nordic investment bank, has hired Martin Hawkes from Bank of Scotland to set up and run a syndication and distribution desk for leveraged loans in London.
    January 21, 2005
  • Pirate Capital Fills Up Treasure Chest
    Pirate Capital, the Norwalk, Conn.-based event-driven hedge fund firm founded by ex-Goldman Sachs distressed bank debt trader Thomas Hudson, is likely to limit monthly subscriptions for its Jolly Roger Fund.
    January 21, 2005
  • IACPM Seeks New Director
    A trade group that represents credit investors is looking for a new executive director.
    January 21, 2005
  • Intelsat Satellite Failure Leaves Bank Deal Intact
    The $650 million of bank debt backing the acquisition of Intelsat by Zeus Holdings is unlikely to change, even if the purchase price of the company is lowered.
    January 21, 2005
  • Investor Trade Group Seeks New Leader
    A trade group that represents credit investors is looking for a new executive director.
    January 21, 2005
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