• Leveraged loan issuance totals $44.056 billion in November
New York, Nov. 30 - JPMorgan has moved up to number one on the leverage loan league tables, bringing $9.059 billion in 30 deals and ending Bank of America's reign on top that has lasted all year, according to data compiled by Prospect News.
In second place in November was Credit Suisse with $6.209 billion in 18 deals and in third was Bank of America with $5.409 in 28 deals.
November saw $44.056 billion of leveraged loans come to market, compared to $52.493 billion in October.
Year to date, the leveraged loan market has seen $371.486 billion of new deals, whereas last year at this time, year-to-date issuance had been $173.718 billion.
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 | 68.002 | 244 | 18.31% | 1 | 24.555 | 107 | 14.13%
|
| 2 | JPMorgan | 55.971 | 181 | 15.07% | 2 | 19.676 | 72 | 11.33%
|
| 3 | Deutsche Bank | 30.896 | 75 | 8.32% | 7 | 6.72 | 26 | 3.87%
|
| 4 | Credit Suisse | 26.257 | 89 | 7.07% | 11 | 4.717 | 16 | 2.72%
|
| 5 | Wells Fargo | 21.803 | 110 | 5.87% | 9 | 6.213 | 39 | 3.58%
|
| 6 | Barclays | 21.371 | 87 | 5.75% | 6 | 7.876 | 23 | 4.53%
|
| 7 | Citigroup | 18.954 | 49 | 5.10% | 8 | 6.633 | 20 | 3.82%
|
| 8 | Morgan Stanley | 12.862 | 39 | 3.46% | 15 | 2.518 | 12 | 1.45%
|
| 9 | Goldman Sachs | 11.903 | 43 | 3.20% | 14 | 2.825 | 11 | 1.63%
|
| 10 | GECC | 10.954 | 68 | 2.95% | 10 | 6.166 | 38 | 3.55%
|
| Total | 371.486 | 744 | 173.718 | 354 |
|
|
|
| Average size: | 0.499 | 0.491 |
|
|
|
|
|
| U.S. market, dollar-denominated deals, all issuers |
|
|
|
| November |
|
| | | | | 2009 Comparables |
|
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | JPMorgan | 9.059 | 30 | 20.56% | 2 | 3.006 | 13 | 13.21%
|
| 2 | Credit Suisse | 6.209 | 18 | 14.09% | 14 | 0.715 | 4 | 3.14%
|
| 3 | Bank of America | 5.409 | 28 | 12.28% | 1 | 3.826 | 13 | 16.81%
|
| 4 | Wells Fargo | 4.701 | 16 | 10.67% | 4 | 1.545 | 5 | 6.79%
|
| 5 | Barclays | 2.161 | 10 | 4.90% | 3 | 1.655 | 6 | 7.27%
|
| 6 | GECC | 2.002 | 14 | 4.55% | 10 | 0.955 | 7 | 4.20%
|
| 7 | None/Unknown | 1.775 | 4 | 4.03% | 17 | 0.21 | 2 | 0.92%
|
| 8 | Goldman Sachs | 1.757 | 6 | 3.99% | 6 | 1.208 | 3 | 5.31%
|
| 9 | Morgan Stanley | 1.741 | 5 | 3.95% | 7 | 1.167 | 4 | 5.13%
|
| 10 | Citigroup | 1.257 | 8 | 2.85% | 8 | 1.033 | 2 | 4.54%
|
| Total | 44.056 | 110 | 22.758 | 42 |
|
|
|
| Average size: | 0.401 | 0.542 |
|
|
|
|
|
|
|
|
|
| Prospect News Leveraged Loan Arranger Rankings
|
|
|
Criteria
• The tables include dollar-denominated deals offered in the United States and reported to Prospect News.
• Borrower must have $75 million or more bank debt outstanding 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
