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Securitization People and Markets

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  • Syndication is set to launch tomorrow for a $185 million facility for Yonkers Raceway.
  • Citibank is in the market with an amendment to cut the spread on FMC Corp.’s $243 million “B” loan by 75 basis points to LIBOR plus 1 3/4%.
  • Investors in bank loans are looking forward to a wave of leveraged buyouts that will bring paper to a market where demand has been outpacing supply for well over a year.
  • J.P. Morgan has retained its top position for the second year in a row in Institutional Investor's 2004 All-Europe Fixed-Income Research Team.
  • Paul Nicholson, a collateralized mortgage obligation trader at Merrill Lynch in New York, has left and plans to join Amherst Securities, a broker-dealer in Greenwich, Conn., according to Sean Dobson, president and ceo in Austin, Texas.
  • Credit Suisse First Boston has hired James Curcio, executive director, credit sales at Morgan Stanley in New York.
  • Deutsche Bank and J.P. Morgan last week launched syndication of a $255 million facility backing BWAY Corp.'s acquisition of North America Packaging Corp. (NAMPAC).
  • Goldman Sachs is taking the plunge into middle-market lending and has added up to six v.p.s to its lending group through internal moves and hiring, according to Corporate Financing Week, an LMW sister publication.