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Securitization People and Markets

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  • Cleco Corp. is refinancing unsecured facilities totaling $275 million via leads Bank of New York, J.P. Morgan and WestLB.
  • Credit Suisse First Boston in London has hired two professionals and lost one in European leveraged finance.
  • A Credit Suisse First Boston government salesman has exited for Banc of America Securities, where he will assume a role in hedge fund sales.
  • John Keane, director on Fitch Ratings' corporate securitization team in London, has left for Barclays Capital, where he will be a director in whole business research.
  • Tina Leung, a managing director and bank loan sourcer at Bear Stearns, has left the firm.
  • With stadium construction on the front burner, stadium concessions service operator Centerplate has taken out a $215 million loan from GE Capital.
  • CIBC World Markets and Citigroup held a bank meeting last Wednesday for Xerium Technologies, launching syndication of a $750 million loan in connection with its planned initial public offering.
  • Kutasi is a portfolio manager at Kellner, DiLeo Cohen & Co. in New York, which manages $550 million in distressed/ high-income, special situations merger arbitrage and convertible arbitrage investments.
  • Merrill Lynch in London has hired two professionals from the rating agencies for its real estate finance group.