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Lehman Brothers and Bear Stearns have nabbed the lead roles on Pinnacle Entertainment's new $300 million credit facility, replacing Bank of America, which decided not to pitch to keep the business.

Aladdin Capital Holdings is preparing to launch its first loan hedge fund.

Carmike Cinemas was able to get a spread of LIBOR plus 31/4% on its five-year, $100 million second-lien loan.

Pricing was flexed down a further 25 basis points on the CIBC World Markets-led refinancing of Isle of Capri Black Hawk's $165 million term loan.

Providing Credit Ratings For Securitizations

Bear Stearns plans to issue its first Samurai bond in the coming weeks and will likely convert the proceeds into dollars via the fx swaps market.

Exide Technologies' bank debt bounced around from the high to the low 80s, settling in the 81-83 range by midweek.

General Re-New England Asset Management is poised to sell off a portfolio of approximately $300-340 million in loans.

The global consortium of dealers that launched the iBoxx credit derivatives indices in Europe and the U.S. has set its sights on launching an Asian credit-default swap index this year.

The top Asian derivatives positions at CALYON, the entity created out of the Crédit Lyonnais and Crédit Agricole Indosuez merger, have been dished out with a Lyonnais pro taking interest rates and an Agricole alumnus getting the top equity role.

Thailand’s third securitization deal since the 1997/8 financial crisis was launched in mid January, when arranger Standard Chartered announced the Eternal Special Purpose Vehicle Company Limited (Eternal) hire purchase receivables transaction. The deal was slated to price early February.

In the last couple of months, ABN Amro has managed to lure several new senior members to its team in Asia. In December, it signed up James Pearson to lead its corporate finance team in Asia. Reporting to Jeroen Drost, global head of corporate finance advisory, Pearson will try to strengthen the bank's business in the region. Pearson is not new to ABN Amro; he left the bank in 2000 and joined Morgan Stanley. John Moore, the former head of equity capital markets in New Zealand, has moved back to Hong Kong to join the corporate finance team. Moore is now overseeing M&A activities within corporate finance.