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Securitization People and Markets

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  • Goldman Sachs and Wachovia Securities launched syndication last Tuesday for Mitchell International's $155 million dividend recap.
  • Michael Youngblood, head of mortgage-backed securities research at GMAC-RFC Securities, is expected to join Friedman, Billings, Ramsey & Co. in a fixed-income research role.
  • Scotia Capital, Antares Capital and GE Capital have signed on as agents for the $170 million facility backing AEA Investors’ acquisition of Kranson Industries.
  • Syndication of Acosta Sales Co.'s dividend recap launched today.
  • Credit Suisse First Boston and UBS are getting ready to close Harbor Freight Tools' recapitalization after reverse flexing the term loan spread last Friday.
  • Credit Suisse First Boston and Goldman Sachs increased the size of Skilled Healthcare Group's second-lien term loan to take out some preferred shares.
  • James Messing, senior v.p. at boutique dealer Imperial Capital, has joined Cantor Fitzgerald in the new role of director of high-yield sales "We will continue to add to our staff and we'll see where we go from there," Messing said.
  • Thomsen is a managing director and senior portfolio manager for the $3 billion high-yield trust at Putnam in Boston.
  • Calyon, BNP Paribas, ING, Scotia Capital and Sumitomo Bank have signed on at the senior managing agent tier for PanAmSat Corp.'s $2.91 billion credit.