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  • Mirant Corp.'s bank debt was volatile in the secondary market last week with rumors suggesting that the company lowered its projections for the next year.
  • Prudential Investments is the latest manager looking to raise equity for Citibank's pro rata collateralized loan obligation that enables bank debt managers to invest in revolvers and "A" loans.
  • RBC Dain Rauscher is planning to decentralize its trading of agency, mortgage-backed securities and corporate bonds as part of a plan to bring its trading functions in line with an enhanced sales force, according to Jerry Phillips, senior v.p. and director of taxable fixed-income trading in San Francisco.
  • A confluence of events is encouraging banks to sell--and investors to buy--a wide range of innovative and esoteric products that include second-lien loans, derivatives referencing high-yield bank debt, middle-market loans and even a "B" loan that finances a power plant.
  • Switch and Data has completed a $110 million bank deal led by Deutsche Bank that backs an acquisitive growth strategy.
  • Boyds Collection, a portfolio company of Kohlberg Kravis Roberts & Co., may have difficulties meeting near-term bank debt payments and will either be forced to refinance or get an amendment if operating performance continues to slide, according to Hal Diamond, a Standard & Poor's analyst.
  • Law firm Latham & Watkins has hired three partners from Skadden, Arps, Slate, Meagher & Flom. Marc Hanrahan, Ronan Wicks and Marcus Dougherty have joined Latham's New York office as partners.
  • Charter Communications' operating company bank debt ticked higher last week as traders quoted the paper in the 98-991?4 context on rumors that the company could be planning to refinance.
  • Maxcor Financial, a broker-dealer, has recently hired several salesmen and traders to its institutional corporate bond group as part of a large expansion effort, according to Steve DiTursi, managing director in charge of sales, trading and research.
  • The bank debt of the formerly named Anthony Crane Rental, now known as Maxim Crane Works, has risen almost 20 points since January.