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Securitization People and Markets

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  • Tom Kilgore, a v.p. in structured finance at El Paso, is set to leave the Houston energy firm within the next few weeks.
  • Syndication launched last week for a $195 million facility backing Fenway Partners' $410 million acquisition of American Achievement Corp. (AAC) from Castle Harlan.
  • The following is a list of prominent personnel moves from around the U.S. and European markets. To submit an item for inclusion in this column, please contact Scott Goodwin, managing editor, at 212-224-3276 or sgoodwin@iinews.com.
  • Applied Extrusion Technologies, a developer and manufacturer of plastics, is suffering from tight liquidity and may be challenged to remain in compliance with minimum EBITDA levels for its $100 million credit agreement led by GE Capital.
  • The first high-yield loan to fund construction of a power plant is hitting the market, according to Power, Finance & Risk, an LMW sister publication.
  • The Bond Market Association is seeking to hire a senior professional for its London office.
  • UBS has hired John Gorham, a principal and distressed salesman at Bank of America, to be a salesman on the par loan desk.
  • infoUSA has tapped Wells Fargo to lead its $170 million refinancing.