• Leveraged loan issuance totals $38.71 billion in January
New York, Jan. 31 - Deutsche Bank started the year on top of the league tables for arranger of leveraged loans, according to data compiled by Prospect News.
The bank handled $7.01 billion of deals in the month, putting it ahead of Banc of America, in second place with $6.15 billion.
Citigroup was third with $4.77 billion while JPMorgan, which took the number one position for all of 2007, ranked fourth with $4.59 billion of loans.
Total volume for the month slowed markedly to $38.71 billion, 79% of the $48.77 billion in January 2007.
The number of deals plummeted to 44 from 89 a year earlier.
Contributing substantially to Deutsche's number one position - and Banc of America's number two ranking - was their role as joint lead arrangers of the $9.25 billion facility for Harrah's Operating Co. Inc.
The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.
January
2007 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Deutsche Bank | 7.008 | 5 | 18.11% | 7 | 1.907 | 5 | 3.91%
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| 2 | Banc of America | 6.154 | 6 | 15.90% | 1 | 9.150 | 20 | 18.76%
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| 3 | Citigroup | 4.765 | 6 | 12.31% | 3 | 4.647 | 13 | 9.53%
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| 4 | JPMorgan | 4.590 | 4 | 11.86% | 2 | 7.465 | 15 | 15.31%
|
| 5 | Morgan Stanley | 2.350 | 4 | 6.07% | 8 | 1.833 | 6 | 3.76%
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| 6 | Credit Suisse | 2.185 | 4 | 5.64% | 4 | 4.576 | 22 | 9.38%
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| 7 | Goldman Sachs | 1.783 | 2 | 4.61% | 5 | 4.405 | 10 | 9.03%
|
| 8 | GECC | 1.674 | 7 | 4.33% | 14 | 0.717 | 3 | 1.47%
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| 9 | Wachovia | 1.416 | 5 | 3.66% | 15 | 0.693 | 3 | 1.42%
|
| 10 | Barclays | 1.371 | 3 | 3.54% | 9 | 1.813 | 2 | 3.72%
|
| Total | 38.708 | 44 | 48.770 | 89 |
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| Average size: | 0.880 | 0.548 |
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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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