• Leveraged loan issuance totals $23.043 billion for July
New York, July 30 - Bank of America continued to be on top of the leveraged loan league tables, bringing $3.622 billion of loans in July in 13 deals, according to data compiled by Prospect News.
JPMorgan again came in second place with $2.732 billion in loans in 11 deals, and Wells Fargo came in third at $1.905 billion in 13 deals.
Total issuance for the month was $23.043 billion. That was a touch lower than the $23.733 billion seen in June and well above the $12.675 billion that was seen in July 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
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| 1 | Bank of America | 39.399 | 131 | 20.41% | 4 | 9.402 | 60 | 8.83%
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| 2 | JPMorgan | 30.222 | 94 | 15.65% | 3 | 9.704 | 40 | 9.12%
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| 3 | Deutsche Bank | 17.244 | 43 | 8.93% | 10 | 3.613 | 11 | 3.39%
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| 4 | Barclays | 11.417 | 51 | 5.91% | 6 | 4.676 | 10 | 4.39%
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| 5 | Credit Suisse | 11.199 | 44 | 5.80% | 12 | 1.045 | 7 | 0.98%
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| 6 | Citigroup | 9.560 | 29 | 4.95% | 8 | 3.835 | 13 | 3.60%
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| 7 | Wells Fargo | 8.814 | 46 | 4.57% | 11 | 2.999 | 21 | 2.82%
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| 8 | GECC | 6.473 | 37 | 3.35% | 7 | 4.125 | 25 | 3.88%
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| 9 | Morgan Stanley | 6.465 | 20 | 3.35% | 16 | 0.575 | 3 | 0.54%
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| 10 | UBS | 4.929 | 28 | 2.55% | 5 | 8.652 | 5 | 8.13%
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| Total | 193.071 | 385 | 106.438 | 211 |
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| Average size: | 0.501 | 0.504 |
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| July |
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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 | 3.622 | 13 | 15.72% | 3 | 1.586 | 11 | 12.52%
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| 2 | JPMorgan | 2.732 | 11 | 11.86% | 2 | 2.126 | 11 | 16.77%
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| 3 | Wells Fargo | 1.905 | 13 | 8.27% | 5 | 0.550 | 5 | 4.34%
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| 4 | Credit Suisse | 1.516 | 7 | 6.58% | 22 | 0.098 | 1 | 0.77%
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| 5 | Barclays | 1.338 | 5 | 5.81% | 1 | 3.455 | 3 | 27.26%
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| 6 | Goldman Sachs | 1.320 | 3 | 5.73% |
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| 7 | Morgan Stanley | 1.276 | 3 | 5.54% | 12 | 0.200 | 1 | 1.58%
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| 8 | GECC | 1.257 | 7 | 5.46% | 6 | 0.497 | 4 | 3.93%
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| 9 | Deutsche Bank | 1.000 | 1 | 4.34% | 4 | 1.030 | 3 | 8.13%
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| 10 | Citigroup | 0.974 | 6 | 4.23% | 8 | 0.307 | 2 | 2.43%
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| Total | 23.043 | 52 | 12.675 | 35 |
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| Average size: | 0.443 | 0.362 |
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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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