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Securitization People and Markets

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  • WideOpenWest is taking out a $100 million debt financed dividend for its shareholders, including Oak Hill Partners and ABRY Partners.
  • Telcordia Technologies bank deal, which had to be pulled back and reworked after the company informed investors projected earnings would be lower than expected for its first quarter, finally settled on terms last week.
  • UBS will be launching a new loan for Acoustical Material Services this Tuesday.
  • Wachovia Capital Finance, the new group formed through the union of Wachovia's asset based lending business and Congress Financial, will be looking at all ends of the credit spectrum.
  • Ted Ake, a longtime veteran of the Treasury and agency trading market, starts later this month at Mizuho Securities.
  • Deutsche Bank's European commercial real estate group in London is losing a director and adding a v.p.
  • Scotia Capital held a bank meeting last week to launch syndication of the deal backing Kohlberg Kravis Roberts & Co.'s acquisition of Masonite International Corp.
  • Wachovia Securities will announce this week it has added two in high-grade research from Banc of America Securities in Charlotte, N.C., to build its coverage of basic industries.
  • A syndicate of Canadian banks is leading $3 billion in credit lines to back Yellow Pages Group's acquisition of Advertising Directory Solutions from Bain Capital for C$2.55 billion.