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Securitization People and Markets

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  • Dean Foods Co. eliminated its "B" loan and increased its pro rata during syndication in response to strong pro rata demand, frustrating investors in institutional pieces.
  • Jason Kim, whole loan trader at Merrill Lynch in New York, has joined Deutsche Bank in a similar role.
  • Burton Weinstein has teamed up with Jeff Schachter to form Cedarview Capital Management.
  • Nebraska Book Co. is trying to cut the spread on its institutional term loan by 25 basis points to LIBOR plus 2 1/2%, with lead bank J.P. Morgan.
  • Wilson is a managing director and fixed-income portfolio manager responsible for $75 billion under management.
  • Citigroup Global Markets and Lehman Brothers have committed $10 billion in unsecured credit facilities to back Cox Enterprises' $7.9 billion proposed acquisition of the 38% publicly-held portion of Cox Communications.
  • Bank of America and J.P. Morgan are looking for commitments on a $950 million credit for Rainbow National Services, a subsidiary of Cablevision Systems Corp.
  • SAMCO Capital Markets, a mid-sized broker in New York, is considering whether to set up an emerging markets broking desk, said Charles Engel, senior managing director in New York.
  • Investors are circling R.H. Donnelley's $1.45 billion add-on bank loan backing the acquisition of SBC Communications' yellow pages publishing business, keen on the paper and company but questioning whether they are being paid for the increased risk.