Latest news
Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
More articles
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Credit Suisse First Boston is launching a $460 million bank deal to back a $398 million dividend to the private-equity owners of Lake Las Vegas Joint Venture-Ron Boeddeker and Bass Holdings. -
The acquisition of BT Alex Brown by Deutsche Bank led to the departures of Chris Howe, a director in sales and Mary Ellen O' Malley, a director in syndications.
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Homebuilding companies are significantly increasing their revolving credit lines in order to sustain big year-on-year gains.
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Investors are reacting positively to the bank debt backing First Reserve Corp.'s $1.25 billion acquisition of Dresser Rand Co. from Ingersoll Rand Co. Citigroup, Morgan Stanley and UBS launched the deal last Monday, with a $295 million seven-year "B" loan being offered at LIBOR plus 2 1/2% and a $100 million euro tranche priced at LIBOR plus 2 3/4%.
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Bank of New York launched syndication last Wednesday for a $75 million credit backing LeCroy Corp.'s $81 million acquisition of Computer Access Technology Corp.
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UBS is in the market with bank deals backing JLL Partners' leveraged buyout of CHI Overhead Door and the $768 million acquisition of Horizon Natural Resources Company by International Coal Group.
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Brendan Lavelle, managing director in charge of interest-rate swaps and U.S. government trading at Morgan Stanley, has joined UBS Principal Finance as managing director in the interest-rate trading group.
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Mark Rasimas, portfolio manager and trader at U.S. Trust in New York, has joined Wells Capital Management. Rasimas said he will work in a similar role as an asset-backed and commercial mortgage-backed securities analyst and trader.
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Ares Capital is acquiring a $150 million portfolio of senior secured loans, mezzanine debt and equity coinvestments from Royal Bank of Canada.
