Bank of America takes top position in leveraged loan league tables for year to date

• Leveraged loan issuance totals $146.07 billion for 2009 to date

New York, Oct. 30 - Bank of America jumped to the number one spot among leveraged loan arrangers, displacing two government lenders that have dominated the rankings this year, according to data compiled by Prospect News.

Helped substantially by its role as lead arranger of the new $4.5 billion term loan for CIT Group, Inc., Bank of America brought to market $6.44 billion of bank facilities during October.

That brought its year-to-date total to $21.09 billion, pushing it ahead of the U.S. Treasury and Export Development Canada, the lenders on General Motors Corp.'s $33.3 billion debtor-in-possession credit facility. The size of GM's borrowings ensured the Treasury and Export Development have led the arranger league tables for the months since the facility was put in place in June.

Meanwhile JPMorgan remained in fourth position while UBS held steady at number five.

Activity in October was strong at $19.02 billion, up from $13.61 billion in September and $6.84 billion in August.

It was also above the year-ago level of $13.45 billion in October 2008.

However year-to-date volume of $146.07 billion is still only 62% of the $233.85 billion for the comparable period of last year.

The Prospect News figures cover dollar-denominated deals in the United States for borrowers with $75 million or more of bank debt outstanding. DIP facilities are included. Credit for deals is divided among the lead arrangers.

Year to date

2008 Comparables

	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	Bank of America	21.094	91	14.44%	1	30.560	108	13.07%
2	U.S. Treasury	19.130	2	13.10%
3	Export Development Canada	19.130	2	13.10%
4	JPMorgan	13.628	57	9.33%	2	22.617	81	9.67%
5	UBS	8.839	7	6.05%	11	6.330	10	2.71%
6	Wells Fargo	8.178	53	5.60%	13	5.259	25	2.25%
7	Citigroup	5.600	18	3.83%	6	13.533	23	5.79%
8	Barclays	5.324	14	3.64%	16	4.332	16	1.85%
9	GECC	5.211	31	3.57%	8	10.094	58	4.32%
10	Deutsche Bank	5.056	19	3.46%	3	19.286	24	8.25%
	Total	146.073	304	233.848	500
	Average size:	0.481	0.468
October
					2008 Comparables
	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	Bank of America	6.438	9	33.85%	1	1.364	9	10.15%
2	BNP Paribas	2.175	2	11.44%	4	0.820	3	6.10%
3	JPMorgan	1.923	6	10.11%	3	1.000	8	7.44%
4	Credit Suisse	1.340	3	7.05%	14	0.300	1	2.23%
5	Deutsche Bank	0.825	3	4.34%	30	0.125	1	0.93%
6	Goldman Sachs	0.755	4	3.97%
7	SG	0.535	3	2.81%
8	SunTrust	0.400	1	2.10%
9	Morgan Stanley	0.388	2	2.04%	7	0.625	1	4.65%
10	Barclays	0.38	2	1.97%	12	0.34	3	2.51%
	Total	19.020	38	13.445	52
	Average size:	0.501	0.259
Prospect News Leveraged Loan Arranger Rankings

Criteria

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

• All deals from issuers with $75 million or more total bank debt outstanding (including unused portions of revolvers)

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

• 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.

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