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Securitization People and Markets

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  • Syndication launches this week for the euro-denominated loans backing Bain Capital's E1.4 billion acquisition of Deutsche Bahn's Brenntag unit.
  • Roseburg Forest Products Co. is refinancing its revolver and putting in place its first "B" loan.
  • Centennial Communications is able to achieve near-term cash demand relief largely through a new credit facility that will allow the company to reduce its amortization payments by approximately $80 million through fiscal 2005.
  • Second-lien loans are being gobbled up in the primary market, but some investors and lawyers are warning that not all second liens are alike.
  • Luttrell is a managing director and chief operating officer at Drake Management in New York, a hedge fund.
  • J.P. Morgan, Banc of America Securities and Credit Suisse First Boston are leading the repricing and refinancing of United Rentals' $1.55 billion credit facility.
  • UBS is leading the $245 million facility backing Harvest Partners' acquisition of New Flyer Industries from KPS Special Situations Funds.
  • A bank meeting held last Wednesday launched syndication of ARINC's $200 million credit facility.
  • Franklin Advisers has restructured its loan group and divvied up the responsibilities of Richard D'Addario, senior portfolio manager and director of research, who left at the start of the month