• Leveraged loan issuance totals $52.493 billion in October
New York, Oct. 29 - Bank of America was once again number one on the leveraged loan league tables, bringing $8.944 billion in 30 deals, according to data compiled by Prospect News.
In second place in October was Deutsche Bank with $7.184 billion in eight deals and in third was JPMorgan with $7.001 billion in 21 deals.
October saw $52.493 billion of leveraged loans come to market, up from $47.85 billion in September.
Year to date, the leveraged loan market has seen $323.423 billion of new deals, whereas last year at this time, year to date issuance was $150.935 billion.
Bank of America has now been number one in the year-to-date rankings every month this year. It also placed first for 2009.
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.
U.S. market, dollar-denominated deals, all issuers
Year to date
2009 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 61.962 | 211 | 19.16% | 1 | 20.729 | 94 | 13.73%
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| 2 | JPMorgan | 46.242 | 148 | 14.30% | 4 | 16.636 | 58 | 11.02%
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| 3 | Deutsche Bank | 29.571 | 69 | 9.14% | 8 | 5.276 | 21 | 3.50%
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| 4 | Credit Suisse | 19.840 | 71 | 6.13% | 11 | 4.001 | 12 | 2.65%
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| 5 | Barclays | 19.210 | 77 | 5.94% | 6 | 6.221 | 17 | 4.12%
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| 6 | Citigroup | 17.696 | 41 | 5.47% | 7 | 5.600 | 18 | 3.71%
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| 7 | Wells Fargo | 16.235 | 89 | 5.02% | 10 | 4.635 | 33 | 3.07%
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| 8 | Morgan Stanley | 11.229 | 35 | 3.47% | 15 | 1.351 | 8 | 0.89%
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| 9 | Goldman Sachs | 10.541 | 38 | 3.26% | 14 | 1.617 | 8 | 1.07%
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| 10 | GECC | 8.921 | 54 | 2.76% | 9 | 5.211 | 31 | 3.45%
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| Total | 323.423 | 626 | 150.935 | 312 |
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| Average size: | 0.517 | 0.484 |
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| October |
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| | | | | 2009 Comparables |
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| Lead | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | Bank of America | 8.944 | 30 | 17.04% | 1 | 6.089 | 10 | 28.79%
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| 2 | Deutsche Bank | 7.184 | 8 | 13.69% | 7 | 0.998 | 4 | 4.72%
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| 3 | JPMorgan | 7.001 | 21 | 13.34% | 3 | 2.147 | 6 | 10.15%
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| 4 | Credit Suisse | 3.925 | 11 | 7.48% | 4 | 1.532 | 4 | 7.24%
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| 5 | Citigroup | 3.195 | 3 | 6.09% | 30 | 0.075 | 1 | 0.35%
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| 6 | UBS | 2.797 | 8 | 5.33% | 26 | 0.117 | 1 | 0.55%
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| 7 | Wells Fargo | 2.203 | 16 | 4.20% | 14 | 0.254 | 3 | 1.20%
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| 8 | Goldman Sachs | 2.127 | 7 | 4.05% | 8 | 0.927 | 5 | 4.39%
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| 9 | Barclays | 1.488 | 6 | 2.83% | 10 | 0.547 | 3 | 2.59%
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| 10 | Morgan Stanley | 1.343 | 5 | 2.56% | 11 | 0.454 | 3 | 2.15%
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| Total | 52.493 | 93 | 21.150 | 43 |
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| Average size: | 0.564 | 0.492 |
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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 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; bridge loans are excluded.
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