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  • Advest Securities has hired three members of Prudential Securities? debt syndicate team, according to Herb Finn, senior managing director and head of sales.
  • Mark Noble, head of callable agency trading at Lehman Brothers, has resigned and plans to join Barclays Capital.
  • Bear Stearns has hired Ted Izatt, a former Institutional Investor-ranked analyst, as an energy and basic materials researcher.
  • Bank of America is in the market with a $280 million facility for Las Vegas-based Global Cash Access (GCA).
  • Who will buyside firms rank as the best trading desks in the secondary market, and why, in Loan Market Week's 2004 institutional investor survey.
  • Goldman Sachs is closing its Boston fixed-income sales office, according to an internal memo sent today by Jon Winkelried, co-head of fixed income, currencies and commodities in New York.
  • Adelphia Communications bank debt has been highly volatile following the company's filing of a proposed plan of reorganization, which included a clause indicating that no distributions will be made to pre-petition lenders until litigation against the lenders is resolved.
  • Bank of America is conducting a sale of $212 million worth of loans on behalf of Eaton Vance Management.
  • Duke Street Capital, a U.K.-based private equity firm, is reportedly looking to sell its leveraged loan asset management business, which currently has just under $2 billion in loans under management.
  • Adelphia Communications Corp. today announced what it believes will be the largest exit financing ever completed at $8.8 billion.
  • The bank debt for Calpine Construction Finance Company II (CCFC II), now known as Calpine Generating Co., slumped to the 95 1/2-96 3/4 range following Calpine Corp.'s decision to pull a $2.3 billion loan and bond deal to refinance the credit.
  • Thirty-nine names are in the book for the $200 million financing backing MultiPlan's $213 million acquisition of US Health, a subsidiary of BCE Emergis Corp.