JPMorgan top leveraged loan arranger year to date

• Leveraged loan issuance totals $396.19 billion year to date

• JPMorgan top leveraged loan arranger in August

• Leveraged loan issuance totals $22.96 billion in August

New York, Aug. 31 - JPMorgan stayed solidly in first place among arrangers of leveraged loans for the year so far, according to data compiled by Prospect News.

The bank expanded the distance to number two-placed Citigroup to $4.2 billion from $1.3 billion a month earlier.

JPMorgan took the number one position in May, pushing off Banc of America, which had been first for the year through April. Citigroup had been the leader for January, the year through February and the year through March.

JPMorgan placed first for 2005.

Issuance volume again eased back from the level of recent months but was still above 2005 levels.

August saw $22.96 billion of new loans, down from $44.08 billion in July and $80.12 billion in June.

But the month's total was nonetheless virtually $2 billion higher than the $20.98 billion in August 2005.

For 2006 so far, issuance totals $396.19 billion, 64.6% higher than the $240.70 billion at the same point in 2005.

The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.

Year to date 2006

2005 Comparables

	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	JPMorgan	62.792	136	15.85%	1	49.323	118	20.49%
2	Citigroup	58.610	70	14.79%	3	28.114	61	11.68%
3	Banc of America	51.950	122	13.11%	2	30.629	98	12.73%
4	Credit Suisse	32.004	97	8.08%	4	18.635	73	7.74%
5	None/Unknown	25.210	12	6.36%	27	0.800	4	0.33%
6	Deutsche Bank	21.881	53	5.52%	5	16.896	40	7.02%
7	Goldman Sachs	17.847	47	4.50%	8	10.748	32	4.47%
8	Merrill Lynch	14.966	42	3.78%	12	4.583	19	1.90%
9	Wachovia	14.561	55	3.68%	7	11.800	45	4.90%
10	UBS	12.576	47	3.17%	9	5.424	24	2.25%
	Total	396.186	685	240.696	516
	Average size:	0.578	0.466
August 2006
					2005 Comparables
	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	JPMorgan	6.804	11	29.64%	1	4.058	10	19.34%
2	Citigroup	3.960	4	17.25%	3	2.962	3	14.12%
3	Merrill Lynch	1.650	2	7.19%	20	0.173	2	0.83%
4	Credit Suisse	1.349	5	5.88%	10	0.600	2	2.86%
5	Banc of America	1.307	7	5.69%	2	3.325	13	15.85%
6	Morgan Stanley	1.300	1	5.66%	26	0.040	1	0.19%
7	BNP Paribas	1.289	3	5.61%	7	0.750	2	3.58%
8	Lehman	0.876	3	3.82%	5	1.167	2	5.56%
9	UBS	0.722	5	3.14%	15	0.426	2	2.03%
10	Key	0.575	2	2.50%	12	0.549	3	2.62%
	Total	22.957	45	20.979	51
	Average size:	0.510	0.411
Prospect News Leveraged Loan Arranger Rankings

Criteria

• The tables include dollar-denominated deals offered in the United States and reported to Prospect News.

• Deals must be $75 million or bigger for inclusion.

• All loans are leveraged: either the interest rate margin is 150 bps or higher or they are rated speculative-grade by Moody's Investors Service or Standard & Poor's.

• Includes amended and restated loans where the maturity or size is changed but not repricings.

• Offerings are included in the time period in which the bank meeting was held (if available), otherwise the earlier of settlement date or date reported to Prospect News.

• Numeric totals are for the number of deals (not tranches).

• DIP facilities are included; bridge loans are excluded.

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