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Securitization People and Markets

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  • A couple of former Alliance Capital Management fixed-income professionals have resurfaced at Lee Munder Capital Group, an alternative investor with offices in Boston and Palm Beach, Fla.
  • Price talk has flexed down 25 basis points to LIBOR plus 1 1/2% on Fresenius Medical Care's $250 million "D" loan.
  • Goldman Sachs has named Tom Cornacchia and Stacy Bash-Polley as co-heads of the New York rates desk.
  • Bank of America and GMAC Financial Services have committed to Gundle/SLT Environmental's (GSE) $65 million credit facility.
  • Price talk has flexed down 25 basis points to LIBOR plus 1 1/2% on Fresenius Medical Care’s $250 million "D" loan.
  • Lehman Brothers launched syndication last Tuesday of a $345 million bank facility for Getty Petroleum Marketing.
  • Merrill Lynch Capital has wrested the lead spot on TransFirst Holdings' $265 million credit facility from GE Capital thanks to Jeff Gelm, who had been the company's banker when he worked at now-defunct Heller Financial.
  • The following is a list of prominent personnel moves from around the U.S. and European markets.
  • North Castle Partners and Golden Gate Capital have tapped UBS, Morgan Stanley and Credit Suisse First Boston to lead a $650 million recapitalization for vitamin manufacturer Leiner Health Products.