Latest news
Latest news
Gramazio becomes a managing director after working at the rating agency since 2020
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
More articles
More articles
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Bear Stearns launched syndication last Tuesday of a $260 million facility backing Allied Security's acquisition of Barton Protective Services. The deal comprises a $50 million revolver and $210 million "B" loan.
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BNP Paribas is looking to hire a senior interest-rate sales professional for its new fixed-income sales desk in San Francisco, said Ken Austin, director and head of the desk.
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Staple financing, where the advisors to a company that is on the block offer financing to potential buyers, is said to be on the rise, according to Corporate Financing Week, an LMW sister publication.
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Martinez is a senior portfolio manager for asset-backed and mortgage-backed securities at Fortis Bank in Brussels. He helps to manage E25 billion in ABS/MBS globally. -
Bear Stearns is in the market with an amendment for Scientific Games Corp. to cut the term loan spread down to LIBOR plus 2 1/2%.
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Amol Prasad, asset-backed analyst at Morgan Stanley in New York, has moved over to the trading desk and will trade non-mortgage ABS, according to Michael Brown, managing director, co-head of ABS trading and capital markets in New York.
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Nevada Power Co. is looking for a $200 million revolver to fund the acquisition of a partly completed 1200 MW power station project north of Las Vegas and will subsequently issue around $250 million in long-term bonds to pay down borrowings on the revolver.
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The following is a list of prominent personnel moves from around the U.S. and European markets.
