• Leveraged loan issuance totals $23.585 billion for August
New York, Aug. 31 - Bank of America was once again on top of the leveraged loan league tables, bringing $4.039 billion of loans in August in 16 deals, according to data compiled by Prospect News.
JPMorgan again came in second place with $3.006 billion in loan in 12 deals, and Wells Fargo came in third at $2.870 billion in 14 deals.
Total issuance for the month was $23.585 billion. That was a touch higher than the $23.043 billion seen in July and well above the $6.840 billion that was seen in August 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 | 44.844 | 150 | 20.31% | 3 | 10.708 | 70 | 9.42%
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| 2 | JPMorgan | 33.931 | 108 | 15.36% | 4 | 10.581 | 46 | 9.31%
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| 3 | Deutsche Bank | 17.544 | 46 | 7.94% | 8 | 3.906 | 14 | 3.44%
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| 4 | Barclays | 13.798 | 57 | 6.25% | 6 | 5.431 | 13 | 4.78%
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| 5 | Credit Suisse | 13.296 | 51 | 6.02% | 13 | 1.045 | 7 | 0.92%
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| 6 | Wells Fargo | 12.565 | 65 | 5.69% | 10 | 3.725 | 25 | 3.28%
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| 7 | Citigroup | 11.235 | 31 | 5.09% | 9 | 3.835 | 13 | 3.37%
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| 8 | Morgan Stanley | 7.395 | 22 | 3.35% | 15 | 0.897 | 5 | 0.79%
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| 9 | GECC | 7.068 | 42 | 3.20% | 7 | 4.658 | 27 | 4.10%
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| 10 | BNP Paribas | 5.771 | 21 | 2.61% | 16 | 0.892 | 4 | 0.78%
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| Total | 220.892 | 449 | 113.677 | 236 |
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| Average size: | 0.492 | 0.482 |
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| August |
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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 | 4.039 | 16 | 17.13% | 1 | 1.306 | 10 | 19.09%
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| 2 | JPMorgan | 3.006 | 12 | 12.74% | 2 | 0.876 | 6 | 12.81%
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| 3 | Wells Fargo | 2.870 | 14 | 12.17% | 3 | 0.726 | 4 | 10.62%
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| 4 | Barclays | 2.168 | 5 | 9.19% | 5 | 0.355 | 2 | 5.19%
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| 5 | Credit Suisse | 2.139 | 6 | 9.07% |
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| 6 | BNP Paribas | 2.104 | 3 | 8.92% |
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| 7 | Goldman Sachs | 1.233 | 3 | 5.23% |
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| 8 | Morgan Stanley | 0.900 | 2 | 3.82% | 6 | 0.322 | 2 | 4.70%
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| 9 | PNC | 0.858 | 3 | 3.64% |
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| 10 | RBC | 0.395 | 3 | 1.67% |
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| Total | 23.585 | 51 | 6.840 | 24 |
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| Average size: | 0.462 | 0.285 |
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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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