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Norton Rose Fulbright and Katten have added to their legal teams
Asset manager wants to offer more products to institutional investors
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BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.
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aaiPharma, a science-based pharmaceutical company, is tapping the bank debt market for a credit to back the acquisition of a portfolio of pain management products from Elan Corp. for $100 million.
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The repricings that have dominated the loan market since the beginning of the third quarter continued last week, with Citibank's call for Alaris Medical Systems, one of the more prominent.
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Hedge funds and relative value high-yield investors have jumped into a $355 million financing for NUI Corp. and subsidiary NUI Utilities that will pay between 7-8%.
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Société Générale is shopping an $80 million credit for Minnesota Sports & Entertainment, the owner of the National Hockey League's Minnesota Wild.
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Bankers were said to be warning accounts that allocations on the debt backing Thomas H. Lee Partners $1.05 billion acquisition of Michael Foods were likely to be miniscule.
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Bank of New York is setting up a dedicated par trading desk with a plan to provide liquidity in areas that traditionally have not been well served by the loan market.
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J.P. Morgan and Wachovia Securities have increased the dividend for The Carlyle Group's portfolio company Empi Corp. to $62 million from $47 million.
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Lehman Brothers and J.P. Morgan have launched syndication of the $360 million bank loan backing Apollo Management's $750 million buyout of nutritional supplement supplier General Nutrition from Royal Numico.