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Securitization People and Markets

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  • Deutsche Bank and Merrill Lynch are leading a $625 million credit facility for Detroit-based MotorCity Casino.
  • UBS is looking for commitments to back a $35 million add-on for International Coal Group.
  • Citigroup and CIBC World Markets are shopping a seven-year, $350 million add-on "B" loan for Jarden Corp. to finance the cash portion of its $625 million acquisition of The Holmes Group.
  • Deutsche Bank and CIT launched a $200 million deal for Paetec last week to refinance debt, while also preparing for a proposed Initial Public Offering.
  • BNP Paribas and Bank of America are providing $300 million in debt financing to back Cardtronics acquisition of Bank Machine, a U.K.-based ATM deployer, from private equity firm Bridgepoint Capital.
  • Maidenform Brands is tacking an extra $62.2 million onto its $87.8 million first-lien term loan.
  • Herrmann is global head of asset-backed research at HSBC in London. He joined HSBC from Deutsche Bank's London asset-backed research team in 2003.
  • Wilbur Ross, chairman of W.L. Ross & Co., is scouring the beat-up auto industry for investment opportunities.
  • UBS is leading a $400 million facility for Regency Gas Services that will amend and restate existing debt while adding $110 million to fund the buildout of a gas pipeline in Louisiana.