• Leveraged loan issuance totals $56.05 billion in January
New York, Jan. 31 - Banc of America was the top arranger of leveraged loans in January as the market continued with last year's strong pace of issuance, according to data compiled by Prospect News.
Banc of America handled $9.8 billion of deals in the first month, pushing ahead of number-two placed JPMorgan, the number one arranger for all of 2006.
Contributing to BofA's position was the $3.25 billion deal for Health Management Associates Inc. on which the bank was sole lead.
Issuance volume for the month was $56.05 billion, only a little below the $56.75 billion total for January 2006 and ahead of the $51.04 billion monthly average for all of last year.
The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.
Year to date 2007
2006 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | Banc of America | 9.800 | 20 | 17.49% | 2 | 9.057 | 14 | 15.96%
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| 2 | JPMorgan | 8.460 | 13 | 15.09% | 3 | 6.913 | 11 | 12.18%
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| 3 | Credit Suisse | 6.010 | 23 | 10.72% | 8 | 1.972 | 5 | 3.48%
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| 4 | Goldman Sachs | 4.921 | 10 | 8.78% | 12 | 0.725 | 2 | 1.28%
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| 5 | Lehman | 3.808 | 8 | 6.79% | 28 | 0.095 | 1 | 0.17%
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| 6 | Citigroup | 3.388 | 11 | 6.04% | 1 | 13.696 | 10 | 24.14%
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| 7 | Deutsche Bank | 3.023 | 6 | 5.39% | 4 | 4.423 | 5 | 7.79%
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| 8 | Wachovia | 2.359 | 5 | 4.21% | 7 | 3.203 | 9 | 5.64%
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| 9 | Morgan Stanley | 2.083 | 7 | 3.72% | 5 | 4.263 | 5 | 7.51%
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| 10 | RBS | 1.817 | 3 | 3.24% | 33 | 0.062 | 1 | 0.11%
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| Total | 56.048 | 85 | 56.745 | 72 |
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| Average size: | 0.659 | 0.788 |
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| Prospect News Leveraged Loan Arranger Rankings
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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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