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Meanwhile, BNP Paribas hires in structured finance
Debut manager is launching a CLO platform building on leveraged loan market experience
Andrew Burgess worked at Prytania for 16 years
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BNP Paribas and Bank of America are providing $300 million in debt financing to back Cardtronics acquisition of Bank Machine, a U.K.-based ATM deployer, from private equity firm Bridgepoint Capital.
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Maidenform Brands is tacking an extra $62.2 million onto its $87.8 million first-lien term loan.
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Herrmann is global head of asset-backed research at HSBC in London. He joined HSBC from Deutsche Bank's London asset-backed research team in 2003.
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Wilbur Ross, chairman of W.L. Ross & Co., is scouring the beat-up auto industry for investment opportunities.
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UBS is leading a $400 million facility for Regency Gas Services that will amend and restate existing debt while adding $110 million to fund the buildout of a gas pipeline in Louisiana.
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Wright Capital Partners, a Chicago-based buyout shop, is considering raising a hedge fund in the range of $100-150 million in the next 12 months that will likely invest in distressed debt, said William Burford, managing director.
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PCA, the operator of Wal-Mart Portrait Studios, has turned to Jefferies & Co. for $50 million of four-year, second-lien, senior secured notes.
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After two-and-a-half months of attempting to reprice its bank debt, General Growth Properties has finally managed to get it done.
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Goldman Sachs and Lehman Brothers have launched a seven-year, $275 million first-lien term loan for Magellan Midstream Holding.