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Securitization People and Markets

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  • Royal Bank of Canada is in the market with a $220 million bridge financing to support Pengrowth Energy Trust's C$550 million acquisition of certain Canadian oil and gas assets of Murphy Oil Corp.
  • Meanwhile, Siskind has emerged as a managing director in charge of running the bank debt department at Imperial Capital.
  • Goldman Sachs, Royal Bank of Canada and Merrill Lynch are scheduled to launch syndication today for the $110 million "B" loan backing the acquisition of MAAX.
  • J.P. Morgan, Citigroup and Goldman Sachs have won the mandate to finance Sempra Energy Partners and The Carlyle Group/Riverstone Holdings' joint acquisition of a 632 MW coal-fired power plant in Goliad, Texas from American Electric Power.
  • Wachovia Securities is holding a bank meeting tomorrow to launch syndication of a $210 million facility backing Apax Partners and Spectrum Equity Investors acquisition of NEP Broadcasting from Wachovia Capital Partners.
  • Rajan Dabholkar and Greg Rosenberg have joined Vega Asset Management as senior portfolio managers, according to Rajiv Sobti, president of Vega Plus Capital, a recently launched hedge fund.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • Bridgeport, Conn.-based People's Bank is ramping up a commercial and industrial loan portfolio and a commercial real estate portfolio after scoring some excess capital from the sale of its credit card business.
  • UBS is also launching deals this week for Leiner Health Products and Sterigenics International.