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Securitization People and Markets

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  • Deutsche Bank and Citibank are in the market with a repricing for Greif that has drawn some fire from investors but is expected to cruise to the finish line.
  • J.P. Morgan is set to launch a $1.1 billion facility backing the recapitalization of Freedom Communications.
  • 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.
  • Syndication is set to launch this week for the euro-denominated loans backing Bain Capital's EUR1.4 billion acquisition of Deutsche Bahn's Brenntag unit.
  • Price talk is circling around LIBOR plus 5 1/2% on the $100 million second-lien piece on the credit backing Plastech Engineered Products' acquisition of LDM Technologies.
  • A bank meeting is scheduled for today to launch syndication of ARINC's $200 million credit facility.
  • Countrywide Capital Markets has made another hire to its fledgling government bond sales and trading operation.
  • Several investors in Nalco Holdings' bank debt are upset about the company's offering of $450 million of senior discount notes to fund a dividend, only months after the leveraged buyout was completed by The Blackstone Group, Apollo Management and Goldman Sachs Capital Partners.
  • Scotia Capital and Credit Suisse First Boston have shifted the tranche size and pricing on Weight Watchers International's $500 million credit facility in the wake of oversubscription.