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Securitization People and Markets

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  • Lehman Brothers is in the market with a seven-year, $250 million term loan for Magellan Midstream Holdings.
  • Merrill Lynch has set up a distressed equity desk that will work with its equity and debt teams.
  • Fred Alger Management, a buy-side firm with $500 million in taxable fixed income under management in New York, is looking to hire a portfolio manager to handle fixed-income and convertibles.
  • Millenium Partners, a $4.5 billion New York hedge fund, has added Jim Platek as a portfolio manager.
  • Credit Suisse First Boston launched repricings last week for Regal Cinemas and Roseburg Forest Products.
  • CIBC World Markets will lead the financing to back Ares Management's acquisition of BFMA Holding Corp., parent company of Marietta Corp.
  • TRW Automotive is refinancing and expanding its credit facility after putting a new $300 million "E" loan in place.
  • The Royal Bank of Scotland is continuing to bulk up its loan markets group, bringing on board Andrew Rothstein as a senior v.p. from Merrill Lynch Capital and Chad Hersch as an associate v.p. from Credit Suisse First Boston.
  • Nomura Securities International is looking for an agency strategist with experience in other liquid products and may begin interviewing candidates early next year.