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Securitization People and Markets

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  • With stadium construction on the front burner, stadium concessions service operator Centerplate has taken out a $215 million loan from GE Capital.
  • CIBC World Markets and Citigroup held a bank meeting last Wednesday for Xerium Technologies, launching syndication of a $750 million loan in connection with its planned initial public offering.
  • Kutasi is a portfolio manager at Kellner, DiLeo Cohen & Co. in New York, which manages $550 million in distressed/ high-income, special situations merger arbitrage and convertible arbitrage investments.
  • Merrill Lynch in London has hired two professionals from the rating agencies for its real estate finance group.
  • WideOpenWest is taking out a $100 million debt financed dividend for its shareholders, including Oak Hill Partners and ABRY Partners.
  • Telcordia Technologies bank deal, which had to be pulled back and reworked after the company informed investors projected earnings would be lower than expected for its first quarter, finally settled on terms last week.
  • UBS will be launching a new loan for Acoustical Material Services this Tuesday.
  • Wachovia Capital Finance, the new group formed through the union of Wachovia's asset based lending business and Congress Financial, will be looking at all ends of the credit spectrum.
  • Ted Ake, a longtime veteran of the Treasury and agency trading market, starts later this month at Mizuho Securities.