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Securitization People and Markets

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  • Peter Schellbach, a v.p. and trader of distressed and crossover loans at Goldman Sachs, has left to go to Lehman Brothers.
  • Proceeds from EnerSys Capital's new $580 million facility will be used to refinance $219 million of existing debt and pay a $250 million cash dividend to equity holders Morgan Stanley Capital Partners, limited partner co-investors and management.
  • Pricing flexed up on the $265 million refinancing for Transportation Technologies Industries (TTI).
  • Oxford Automotive is seeking waivers from Silver Point Finance, which is limiting the auto supplier from using its three-year, $60 million revolver, which closed last November.
  • More than 39 names are in the book for the $200 million financing backing MultiPlan's $213 million acquisition of US Health, a subsidiary of BCE Emergis Corp. UBS leads the deal, which comprises a $20 million revolver and a $180 million term loan.
  • UBS and Citibank have wrapped up the credit for New Flyer Industries, a heavy-duty transit bus manufacturer, after tweaking the structure.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Goldman Sachs is closing its Boston fixed-income sales office.