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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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Investors are saying a price increase on a $300 million exit financing for clothing chain Eddie Bauer may be necessary to wrap up syndication.
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Biernat is director of research at ECM, a London-based manager with about €13.5 billion in assets under management.
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JPMorgan and National City Bank are leading an upsized facility consisting of a five-year, $175 million revolver for Minneapolis-based fastener manufacturer FastenTech.
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JPMorgan is leading a new term loan and revolver for Wire Rope Corp. of America (WRCA).
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Only two years after emerging from bankruptcy Laidlaw International is putting in place a new capital structure that will remove restrictions on uses of cash, lower interest costs and smooth debt repayments.
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Covanta Energy is looking to wrap syndication of the first lien portion of its $1.14 billion loan package this week.
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Deutsche Bank and Banc of America Securities are launching a $1 billion credit facility for Silgan Holdings, a Stamford, Conn.-based supplier of consumer goods and packaging products.
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APS Clearing, an affiliate of Austin, Texas-based APS Financial Corp., is moving into the trading of bank debt and trade claims as hedge fund demand continues to escalate.
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ABN AMRO in London has hired Samuel Sibony, analyst in the leveraged finance origination team at CIBC World Markets in London, as an associate on the high-yield trading desk.