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Securitization People and Markets

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  • Rick Kammler, a director in loan sales at UBS, has left the firm.
  • A richly priced deal for Microcell Telecommunications, a Canadian-wireless company, hit the market last week.
  • CIBC World Markets is in the market with a second repricing for SpectraSite's $252 million "B" loan that will take pricing from LIBOR plus 3% to LIBOR plus 21/4%.
  • SunTrust and CoBank are in the market with a $225 million refinancing for rural phone company D&E Communications.
  • UBS and Deutsche Bank are pitching a $300 million facility backing Caxton-Iseman Capital's $570 million acquisition of Ply Gem Industries, a subsidiary of Nortek.
  • Rick Kammler, a director in loan sales at UBS, has left the firm.
  • The following is a list of prominent personnel moves from around the U.S. and European fixed income markets.
  • Ares Management is raising a hedge fund that will consist of loans, bonds and special situation assets, in an attempt to capture the billions of dollars that are being allocated to the hedge fund sector.
  • UBS is in the market with a $182.5 million recapitalization for ILC Industries backing a dividend for the sponsor Behrman Capital.