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Securitization People and Markets

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  • In the distressed market forum the panel played Jeopardy, complete with Bank of America's Steve Ewald as a more than convincing Alex Trebek and categories such as lawyers, agents and closing and what and when are you buying.
  • El Paso Corp. is expected to launch a five-year, $1.25 billion "B" loan today as part of its effort to refinance a $3 billion revolver that expires in June.
  • Don Pollard, LSTA Chair and global head of the syndicated loan group at Credit Suisse First Boston, had the audience in either stitches or embarrassment with mock video footage of market players
  • Tom Connor, head of the primary dealership at J.P. Morgan, has left the firm hot on the heels of the departure of Mark Werner.
  • FrontPoint Partners is looking to add up to seven fixed-income professionals to its recently established credit team, said Phil Duff, ceo of the Greenwich, Conn.-based investment manager.
  • As first reported on LMW's Web site, Marsh & McLennan Companies (MMC) is lining up immediate discussions with its lenders to amend or replace its $2.755 billion credit facilities as Eliot Spitzer continues his assault on the company over brokerage fees.
  • Deutsche Bank is leading a $300 million refinancing for food retail and distribution company Nash Finch Co.
  • NorthWestern Corp. plans to emerge from bankruptcy next month with holders of a pre-petition, $390 million term loan paid back with a $3.9 million premium and new, cheaper financing for the company pitched to the market.
  • Calyon is increasing its presence in the Latin American syndicated loan market and has brought Rodrigo Gracia on board from Dresdner Kleinwort Wasserstein in New York.