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Securitization People and Markets

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  • Merrill Lynch is combining its capital markets and leveraged finance management hierarchy in a bid to move up the leveraged finance league tables.
  • Fieldstone Capital Group, a New York broker-dealer, has recently hired five fixed-income professionals and is looking for more high-yield salesmen, in part to fill holes created by recent departures, said Mark Field, managing partner.
  • MPS Finance, the investment banking subsidiary of Italian Monte dei Paschi di Siena, has lost two senior members of its Siena-based capital markets team as the bank readies to restructure its investment banking activities.
  • INVISTA returned to market last week to refinance and amend its $1.475 billion credit facility.
  • J.P. Morgan kicked off syndication last Monday for a refinancing for Graphic Packaging Corp.
  • CIBC World Markets, Bank of America and Wells Fargo rolled out a $650 million credit for Borgata Hotel Casino and Spa at a meeting held at the property last week.
  • J.P. Morgan is in the market with a $550 million credit backing Charles River Laboratories International's acquisition of Inveresk Research Group.
  • UBS is holding a conference call today for RailAmerica's $450 million credit facility.
  • Three professionals from distinct corners of the fixed-income market will be inducted into the Fixed-Income Analysts Society Hall of Fame later this fall.