Latest news
Latest news
Gramazio becomes a managing director after working at the rating agency since 2020
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
More articles
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Credit Suisse First Boston and UBS have rejiggered the financing backing Leonard Green Partners' leveraged buyout of FTD.
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*GE Commercial Finance will lead a new loan for Sotheby's Holdings that could be up to $200 million. GE has agreed to lend $100 million and will seek to syndicate the rest, according to a Sotheby's statement.
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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, contact Scott Goodwin, managing editor, at 212-224-3276 or sgoodwin@iinews.com.
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FTN Financial Group has hired Vernon Outlaw as an investment-grade corporate salesman. The role is a new one.
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GEO Specialty Chemicals is in discussions with its senior bank lenders and its equity sponsor Charter Oak Partners to obtain funds to cure a default after it failed to make the February interest payment on its $120 million subordinated notes.
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Lender demand has led to an increase in the size of The Goodyear Tire & Rubber Co.'s add-on term loan from $300 million to $650 million.
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Lehman Brothers and Bear Stearns have nabbed the lead roles on Pinnacle Entertainment's new $300 million credit facility, replacing Bank of America, which decided not to pitch to keep the business.
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Carmike Cinemas was able to get a spread of LIBOR plus 31/4% on its five-year, $100 million second-lien loan.
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Pricing was flexed down a further 25 basis points on the CIBC World Markets-led refinancing of Isle of Capri Black Hawk's $165 million term loan.
