• Leveraged loan issuance totals $15.26 billion for January
New York, Jan. 29 - Bank of America started the new year the way it ended 2009, on top of the leveraged loan league tables, according to data compiled by Prospect News.
For January, the bank brought $4.76 billion of loans in 17 deals, well ahead of second-placed JPMorgan with $2.14 billion in 10 deals. Barclays was third with $1.53 billion in five deals, and all other banks had under $1 billion for the month.
Total issuance was $15.26 billion. That was up from $13.40 billion in December and in line with the monthly average of $15.87 billion for 2009 as a whole.
January's volume was also well ahead of the $10.86 billion in January 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. Debtor-in-possession facilities are included. Credit for deals is divided among the lead arrangers.
Year to date
2009 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 4.759 | 17 | 31.18% | 2 | 0.507 | 4 | 4.67%
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| 2 | JPMorgan | 2.143 | 10 | 14.04% | 3 | 0.442 | 2 | 4.07%
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| 3 | Barclays | 1.529 | 5 | 10.02% |
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| 4 | Wells Fargo | 0.948 | 4 | 6.21% | 5 | 0.290 | 2 | 2.67%
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| 5 | Deutsche Bank | 0.805 | 3 | 5.27% | 4 | 0.375 | 1 | 3.45%
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| 6 | Credit Suisse | 0.642 | 3 | 4.20% | 9 | 0.125 | 1 | 1.15%
|
| 7 | Citigroup | 0.610 | 3 | 4.00% | 8 | 0.225 | 1 | 2.07%
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| 8 | Macquarie | 0.457 | 2 | 2.99% |
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| 9 | BMO | 0.367 | 1 | 2.40% |
|
| 10 | UBS | 0.352 | 2 | 2.31% | 1 | 8.015 | 1 | 73.82%
|
| Total | 15.261 | 30 | 10.858 | 14 |
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| Average size: | 0.509 | 0.776 |
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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.
• 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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