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  • Fidelity Investments reportedly has been an active buyer of McLeodUSA's $575 million "B" loan. Market participants are split on what the fund's underlying motives are.
  • Goldman Sachs is taking the plunge into middle-market lending and has added up to six v.p.s to its lending group through internal moves and hiring, according to Corporate Financing Week, an LMW sister publication.
  • Socitété Générale is launching an amendment this week for Banner Seventeen, owner of the Boston Celtics, and last week launched a deal for Houston NFL Holdings, the 70% owner of the Houston Texans National Football League franchise.
  • Deutsche Bank and Citibank are holding a bank meeting this week for Huntsman International to increase the size of its term loan facility and extend maturities.
  • Paul Netter, v.p.-high-grade bond trading covering telecom, has resigned from J.P. Morgan Securities in New York and is believed to be heading to RBS Greenwich Capital, according to a source familiar with his plans.
  • Royal Bank of Scotland is looking to hire two fixed income sales professionals for Germany and plans to move the team from London to Frankfurt in August to be closer to clients, according to Stefan Dreesbach, head of origination for covered bonds and frequent borrowers in London.
  • Royal Bank of Scotland in London is looking to hire several asset-backed securitization research analysts, according to Ronald Thompson, head of ABS research.
  • Power players with a merchant flavor may not yet be out of the woods regarding debt refinancing, despite the fact the sector paid off some $20 billion of borrowings over the last couple of years.
  • Reliant Energy has reportedly told its bank group it may cancel the sale of its New York City thermal generation assets in light of the better-than-expected price it got for the recent sale of its upstate New York network of hydroelectric power plants.
  • Société Générale has hired Jean-David Cirotteau, head of ABS research at CDC Ixis Capital Markets in Paris, in the newly created role of head of ABS research.
  • The Bond Market Association will next week announce the appointment of a senior regulatory council to its international operation in London, according to Micah Green, association president.
  • Deutsche Bank, Merrill Lynch and National Bank of Canada are gearing up to launch a $1.7 billion credit backing Brooks Pharmacy's $2.375 billion acquisition of the Northeast and mid-Atlantic Eckerd Corp. stores.