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Securitization People and Markets

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  • Syndication of a $325 million facility for Jackson-Miss.-based telecommunications company Telepak launched last Thursday.
  • Two salesmen left Credit Suisse First Boston's mortgage-backed securities group at the end of last month.
  • Wachovia Securities is coming to market with a $550 million refinancing for Transwestern Pipeline Co. after a three-month delay caused by Enron's court case.
  • UBS has hired Obi Nwokorie, formerly of Credit Suisse First Boston, for its structured finance team in New York.
  • Pricing flexed down 25 basis points to LIBOR plus 21/4% on U.S. Shipping Master's (USSM) $200 million term loan.
  • American Express Asset Management is believed to be selling off assets quietly in mini auctions with the help of J.P. Morgan and other agents.
  • BNP Paribas pulled a $140 million facility for Cayman-domiciled SKILL Holdings after equity sponsor ZS Fund got another offer to buy the company.
  • UBS has hired Bob Feldman, an asset-backed banker from Morgan Stanley, and Jack Xu, a mortgage-backed trader from Fimat USA.