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Securitization People and Markets

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  • White is a portfolio manager in charge of $1.1 billion in high-yield assets at Fort Washington Investment Advisors, a buy-side firm based in Cincinnati.
  • J.P. Morgan and Wachovia Securities are scheduled to launch a repricing of Bresnan Communications' $225 million "B" loan this week.
  • Credit Suisse First Boston is pumping up its proprietary trading operation and has hired Alexander Soloviev, a convertible arbitrage trader at Lehman Brothers in New York.
  • The $220 million financing backing Aurora Capital's acquisition of Douglas Dynamics from AK Steel was set to launch last Friday as LMW went to press.
  • Tom Kilgore, a v.p. in structured finance at El Paso, is set to leave the Houston energy firm within the next few weeks.
  • Syndication launched last week for a $195 million facility backing Fenway Partners' $410 million acquisition of American Achievement Corp. (AAC) from Castle Harlan.
  • The following is a list of prominent personnel moves from around the U.S. and European markets. To submit an item for inclusion in this column, please contact Scott Goodwin, managing editor, at 212-224-3276 or sgoodwin@iinews.com.
  • Applied Extrusion Technologies, a developer and manufacturer of plastics, is suffering from tight liquidity and may be challenged to remain in compliance with minimum EBITDA levels for its $100 million credit agreement led by GE Capital.