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Securitization People and Markets

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  • Kenner & Co. strolled through the market with its $230 million credit backing the acquisition of window maker Atrium Companies.
  • Morgan Stanley and Deutsche Bank are leading the financing package backing The Blackstone Group's E3.1 billion acquisition of German chemical company Celanese.
  • Blaylock & Partners, a boutique, plans to hire up to a dozen fixed income salesmen, traders and analysts next year.
  • The Loan Syndications and Trading Association (LSTA) and a team of business and legal professionals from major loan market firms have wrapped up a model credit agreement after nearly two years of work on the project.
  • Jack in the Box has been able to maintain adequate liquidity by balancing its capital investment program and the refranchising of its company stores.
  • Wachovia Securities is leading a new $275 million term loan for fast-food chain Jack in the Box that refinances debt at lower rates.
  • Lehman Brothers' merchant banking group tapped J.P. Morgan for $136.5 million in bank debt to fund the acquisition of Hunter Fan Co. from Stonebridge Partners and Weston Presidio.
  • Lehman Brothers is in the market with a $130 million increase to Six Flags' existing $600 million term loan.
  • Tredegar Corp. gained more flexibility with its new $250 million credit line by extending out the term of its revolver.