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Latest news
Meanwhile, BNP Paribas hires in structured finance
Debut manager is launching a CLO platform building on leveraged loan market experience
Andrew Burgess worked at Prytania for 16 years
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Manewitz is a managing director in the special situations and restricted investments group for fixed income at TIAA-CREF in New York. -
Symbol Technologies has shelved a $250 million stock offering and is instead putting in place bank debt to repay a bridge loan that funded the $230 million acquisition of radio frequency identification provider Matrics.
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J.P. Morgan, Bear Stearns and Deutsche Bank last week launched syndication of a $260 million credit for Del Laboratories.
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Finacorp Securities, a regional brokerage, may hire up to a dozen institutional fixed-income salesmen to sell high-grade corporates, agencies and structured products.
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Littlejohn & Co. portfolio company Wyle Laboratories will significantly increase leverage to buy the aeronautics services business of General Dynamics Advanced Information Systems.
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A bank meeting is scheduled for Jan. 10 to syndicate the $1.2 billion credit backing battery maker Rayovac Corp.'s $1.3 billion acquisition of pet and garden-products company United Industries Corp. Bank of America is the lead arranger on the credit.
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ING has put its European loan management business ING Capital Management (ICM) up for sale. The London-based collateralized loan obligation shop is being sold separately from the U.S. loan business ING Capital Advisors (ICA), which is also on the block
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A bank meeting is scheduled for Jan. 6 to launch syndication of Coventry Health Care's $450 million credit facility. The credit backs the company's $1.8 billion acquisition of First Health Group Corp.
