• Leveraged loan issuance totals $26.904 billion for April
New York, April 30 - Bank of America was once again on top of the leveraged loan league tables, bringing $7.883 billion of loans in April in 18 deals, according to data compiled by Prospect News.
JPMorgan came in second place with $4.504 billion in loans in 15 deals, and Credit Suisse came in third at $2.924 billion in nine deals. In fourth was Deutsche Bank with $2.446 billion in six deals and in fifth was Morgan Stanley with $1.723 billion in four deals. All other banks had under $1 billion for the month.
Total issuance for the month was $26.904 billion. That was just slightly higher than the $26.09 billion seen in March and well above the $12.853 billion that was seen in April 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.
Year to date
2009 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 20.625 | 65 | 21.88% | 2 | 4.968 | 28 | 14.29%
|
| 2 | JPMorgan | 17.439 | 55 | 18.50% | 3 | 4.275 | 17 | 12.30%
|
| 3 | Deutsche Bank | 9.428 | 22 | 10.00% | 7 | 1.450 | 2 | 4.17%
|
| 4 | Credit Suisse | 6.542 | 26 | 6.94% | 16 | 0.281 | 3 | 0.81%
|
| 5 | Barclays | 5.494 | 24 | 5.83% | 9 | 0.596 | 4 | 1.71%
|
| 6 | Wells Fargo | 4.022 | 18 | 4.27% | 6 | 1.691 | 10 | 4.87%
|
| 7 | Morgan Stanley | 3.753 | 10 | 3.98% | 21 | 0.175 | 1 | 0.50%
|
| 8 | UBS | 2.495 | 15 | 2.65% | 1 | 8.455 | 3 | 24.32%
|
| 9 | Citigroup | 2.261 | 9 | 2.40% | 8 | 1.260 | 4 | 3.62%
|
| 10 | GECC | 2.042 | 18 | 2.17% | 4 | 2.370 | 12 | 6.82%
|
| Total | 94.271 | 193 | 34.762 | 103 |
|
|
|
| Average size: | 0.488 | 0.337 |
|
|
|
|
|
| April |
|
| | | | | 2009 Comparables |
|
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 7.883 | 18 | 29.30% | 1 | 2.947 | 12 | 22.93%
|
| 2 | JPMorgan | 4.504 | 15 | 16.74% | 2 | 2.875 | 10 | 22.37%
|
| 3 | Credit Suisse | 2.924 | 9 | 10.87% | 12 | 0.155 | 2 | 1.21%
|
| 4 | Deutsche Bank | 2.446 | 6 | 9.09% |
|
| 5 | Morgan Stanley | 1.723 | 4 | 6.40% | 11 | 0.175 | 1 | 1.36%
|
| 6 | UBS | 0.908 | 5 | 3.37% | 6 | 0.400 | 1 | 3.11%
|
| 7 | GECC | 0.859 | 7 | 3.19% | 4 | 1.212 | 5 | 9.43%
|
| 8 | Barclays | 0.839 | 3 | 3.12% | 9 | 0.226 | 2 | 1.75%
|
| 9 | SunTrust | 0.813 | 3 | 3.02% | 29 | $0.01 | 1 | 0.08%
|
| 10 | Wells Fargo | 0.738 | 5 | 2.74% | 5 | $1.09 | 4 | 8.45%
|
| Total | 26.904 | 57 | 12.853 | 43 |
|
|
|
| Average size: | 0.472 | 0.299 |
|
|
|
|
|
|
|
|
|
| Prospect News Leveraged Loan Arranger Rankings
|
|
|
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.
© 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.
