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Securitization People and Markets

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  • Deutsche Bank is in the market with a $245 million bank facility for Consolidated Container Co.
  • CKE Restaurants has been experiencing poor operating performance since acquiring the Hardee's brand in 1997, according to Standard & Poor's.
  • American Restaurant Group (ARG) is discussing refinancing alternatives on its bank debt and senior secured bonds with Jefferies & Co., said Bill Taves, cfo and assistant secretary of ARG.
  • Tower Automotive's first-lien was oversubscribed prior to its launch at a bank meeting last Thursday.
  • Barclays Capital is looking to hire analysts to cover a variety of industries within investment-grade and cross-over credits.
  • 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.