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Securitization People and Markets

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  • Kevin Murphy and Christopher Pucillo of Stanfield Capital Partners have been recognized by the National Foundation for Teaching Entrepreneurship (NFTE) for their commitment to increasing education and economic opportunities for low-income youth.
  • Survey Sampling International is testing the loan market, taking out a $185 million facility from CIBC World Markets and Bank of New York.
  • Young Broadcasting is amending a 2003 facility to buy back $246.89 million of 8 1/2% senior notes due 2008.
  • GE Capital is providing Transaction Network Services with a new $230 million credit facility to partially fund the repurchase of nine million shares via a modified Dutch auction.
  • A Lehman Brothers collateralized debt obligation trader in London has crossed the pond to join Goldman Sachs in New York.
  • Goldman Sachs and UBS are leading the bank financing for Cerberus Capital Management's $2.3 billion acquisition of NewPage Corp.
  • Credit Suisse First Boston's Leveraged Investments Group (LIG), a part of CSFB's Alternative Capital Division, is joining a slew of U.S. asset managers looking to capitalize on the European leveraged finance markets.
  • Kowal is chief investment officer of fixed income at DuPont in Wilmington, Del.
  • Bilal Rashid, collateralized debt obligation originator at CDC IXIS Capital Markets in New York, is joining Merrill Lynch's structured credit team in a similar role, said Chris Ricciardi, head of the structured credit team at Merrill.