JPMorgan top leveraged loan arranger year to date

• Leveraged loan issuance totals $123.57 billion year to date

New York, Feb. 28 - JPMorgan won back its position as top arranger of leveraged loans for the year so far, according to data compiled by Prospect News.

Banc of America had taken the top spot in January, but JPMorgan regained the ranking it held for 2006 as a whole - and with a substantial margin. For the first two months of this year, JPMorgan has brought to market $24.08 billion of loans, 19.48% of the total, versus $16.96 billion or 13.73% for Banc of America.

Contribution to JPMorgan's jump to the number one spot was its role as joint lead on Charter Communications Inc.'s $8.35 billion facility and joint lead on Freeport-McMoRan Copper & Gold Inc.'s $11.5 billion loan.

Meanwhile market activity accelerated further, with issuance pulling well ahead of the comparable 2006 figures.

For the year so far, $123.57 billion of leveraged loans have come to market, 31% ahead of the $94.59 billion at the same point in 2006.

Volume for February was $74.20 billion, almost double the $37.84 billion for February 2006.

That makes February the busiest month since June 2006's $80.21 billion.

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
1	JPMorgan	24.076	35	19.48%	2	14.607	30	15.44%
2	Banc of America	16.961	31	13.73%	3	13.494	25	14.27%
3	Credit Suisse	12.965	41	10.49%	5	5.230	15	5.53%
4	Merrill Lynch	11.233	15	9.09%	9	3.007	8	3.18%
5	Goldman Sachs	9.816	23	7.94%	13	1.526	5	1.61%
6	Citigroup	8.602	20	6.96%	1	20.229	17	21.39%
7	Deutsche Bank	6.098	13	4.94%	4	7.127	11	7.54%
8	Wachovia	5.388	14	4.36%	6	5.003	16	5.29%
9	Lehman	4.804	13	3.89%	12	1.528	5	1.62%
10	Morgan Stanley	4.493	13	3.64%	8	4.263	5	4.51%
	Total	123.567	186	94.585	139
	Average size:	0.664	0.680
February 2007
					2006 Comparables
	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	JPMorgan	16.610	20	22.39%	1	7.694	19	20.33%
2	Merrill Lynch	9.585	11	12.92%	6	1.817	4	4.80%
3	Credit Suisse	8.389	19	11.31%	4	3.258	10	8.61%
4	Banc of America	7.811	11	10.53%	3	4.437	11	11.72%
5	Goldman Sachs	5.111	12	6.89%	11	0.801	3	2.12%
6	Wachovia	4.395	10	5.92%	7	1.800	7	4.76%
7	Deutsche Bank	4.192	8	5.65%	5	2.704	6	7.15%
8	Citigroup	3.956	7	5.33%	2	6.533	7	17.27%
9	Morgan Stanley	2.661	7	3.59%
10	Bear Stearns	2.467	6	3.32%
	Total	74.197	96	37.839	67
	Average size:	0.773	0.565
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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