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Securitization People and Markets

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  • A bank meeting is scheduled for tomorrow to launch a $200 million add-on "B" loan for Acosta Sales Co. Proceeds will be used to pay a $200 million dividend.
  • Flagship Capital Management, a loan subsidiary of Bank of America, is in the market with its third collateralized loan obligation.
  • 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.
  • WhiteHorse Capital Partners, a Dallas-based investment firm that focuses on managing leveraged loans and structured finance vehicles, is gearing up to launch its debut fund, sources said.
  • Dolan is chief investment officer responsible for $12 billion in fixed income in New York.
  • Rumble in the Roosevelt... Things got a little heated between Howard Tiffen, managing director and senior portfolio manager for Van Kampen Investments, and Peter Vaky, managing director and head of syndicated finance for SunTrust Robinson Humphrey Capital Markets, when Tiffen challenged Vaky over how allocations are carved up.
  • Robert Guttschow, managing director and senior portfolio manager at Lotsoff Capital Management in Chicago, recently joined Nuveen Investments, also in the Windy City.
  • Citigroup adjusted the structure and pricing for Revlon Consumer Products Corp.'s new bank loan, but investors who had committed at the originally floated terms are still more than happy as long as they get a decent allocation, one buyer said.