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Securitization People and Markets

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  • Aloha Airgroup is seeking approval for a $65 million debtor-in-possession loan from Ableco Finance and Goldman Sachs Partners.
  • Mark Kibblewhite, head of corporate risk management and capital markets for Europe at Barclays Capital in London, resigned from the firm last week.
  • Swiss cable operator Cablecom refinanced all its bank debt with a CHF 1.275 billion ($1.06 billion) senior secured notes offering.
  • GE Capital and Bank of Nova Scotia have launched the bank meeting for $135 million of loans for Western Inventory Service.
  • The Goodyear Tire & Rubber Company has added a six-year, $300 million third-lien loan that will increase liquidity and help address a maturing obligation for ¤400 million due in June 2005.
  • HealthSouth has amended and restated its existing credit facility to reduce pricing and cut fees annually by almost $1 million.
  • Gundlach is president and heads a 40-member team responsible for TCW's mortgage-backed and asset-backed portfolio.
  • Kevin Dooley has left Deutsche Bank and is joining TD Securities as a senior par trader starting March 30.
  • Four members of Trust Company of the West (TCW) have left to form Silvermine Capital Management, a new firm that will initially invest in bank loans and eventually move across the high-yield spectrum.