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Securitization People and Markets

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  • Bilal Rashid, collateralized debt obligation originator at CDC IXIS Capital Markets in New York, is joining Merrill Lynch's structured credit team, said Chris Ricciardi, head of the structured credit team at Merrill.
  • Joseph Bencivenga, managing director and head of capital markets research and private equity at broker-dealer Guggenheim Capital Markets in New York, has joined Plainfield Asset Management.
  • Katie Hostalier, structured finance analyst at Commerzbank Securities in London, has taken on a new role as a desk analyst working with the firm's sales and trading staffers and ceased publishing written research.
  • J.P. Morgan is in the market with a new loan for Sinclair Broadcasting.
  • Morgan Stanley and UBS have set pricing on Trump Hotels & Casino Resorts' $500 million credit facility.
  • Bear Stearns set terms on the $185 million credit facility for New World Restaurant Group at a bank meeting last Thursday.
  • Beau Cummins, head of investment-grade and liquid products origination at Banc of America Securities in New York, starts next month at SunTrust Robinson Humphrey as a senior managing director.
  • Mike Henderlong, executive director, has been promoted to head of bank loan sales at Morgan Stanley.
  • Credit Suisse First Boston and TD Securities are leading a $125 million second-lien term loan for Trident Exploration.