• Leveraged loan issuance totals $49.01 billion in January
By Sara Rosenberg
New York, Jan. 31 - JPMorgan started the year strong, taking the number one position on the leveraged loan league tables for January, bringing $10.23 billion in 19 deals, according to data compiled by Prospect News.
In second place in January was Bank of America with $8.333 billion in 27 deals, and in third was Credit Suisse with $5.784 in 13 deals.
January saw $49.011 billion of leveraged loans come to market, compared to $50.86 billion in December and $21.601 in January 2010.
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
2010 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | JPMorgan | 10.23 | 19 | 20.87% | 2 | 4.157 | 13 | 19.25%
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| 2 | Bank of America | 8.333 | 27 | 17.00% | 1 | 5.341 | 21 | 24.72%
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| 3 | Credit Suisse | 5.784 | 13 | 11.80% | 7 | 0.642 | 3 | 2.97%
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| 4 | Morgan Stanley | 3.048 | 8 | 6.22% | 20 | 0.225 | 1 | 1.04%
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| 5 | Wells Fargo | 2.537 | 14 | 5.18% | 9 | 0.548 | 3 | 2.54%
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| 6 | Deutsche Bank | 2.373 | 6 | 4.84% | 4 | 1.964 | 4 | 9.09%
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| 7 | Barclays | 1.66 | 7 | 3.39% | 3 | 2.276 | 10 | 10.54%
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| 8 | Goldman Sachs | 1.462 | 4 | 2.98% | 8 | 0.565 | 2 | 2.62%
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| 9 | Citigroup | 1.307 | 6 | 2.67% | 18 | 0.273 | 3 | 1.26%
|
| 10 | GECC | 1.297 | 8 | 2.65% |
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| Total | 49.011 | 83 | 21.601 | 41 |
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| Average size: | 0.59 | 0.527 |
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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.
• 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.
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