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Securitization People and Markets

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  • Endurance Business Media is refinancing its bank loans and taking a dividend for sponsor Kelso & Co. after a strong 2004.
  • The National Rural Utilities Cooperative Finance Corp. (CFC) a privately owned, non-governmental organization that makes loans and provides business management services to rural electric utilities and telecommunications companies, expects to cut pricing and extend the tenor on $3 billion of investment-grade loans.
  • Two credit researchers have recently left Goldman Sachs in London, including Ewan Kirk, partner and head of fixed-income, currency and commodities research. The
  • Sankaty Advisors, the fixed-income affiliate of private equity giant Bain Capital, is raising capital for a new multi-asset class credit opportunities fund.
  • Chris Kelly, fixed-rate collateralized mortgage obligation trader at Merrill Lynch in New York, recently resigned and has joined UBS.
  • Dan Lonski, whole loan mortgage trader at Merrill Lynch in New York, has left the firm and is joining J.P. Morgan in a mortgage trading role, also in New York.
  • The senior managing agent round for Metro-Goldwyn-Meyer's massive LBO financing launched Feb. 24.
  • Bank of America is in the market with a $213 million deal for MidOcean Partners' backing its acquisition of VitaQuest International.
  • Pre-petition asset-based lenders to Winn-Dixie Stores are expected to roll into the company's $800 million debtor-in-possession facility led by Wachovia Bank.