• Leveraged loan issuance totals $591.007 billion year to date
By Sara Rosenberg
New York, Oct. 31 - Bank of America Merrill Lynch took the number one position on the leveraged loans league tables for October, bringing $7.461 billion in 22 deals, according to data compiled by Prospect News.
In second place was JPMorgan, with $3.806 billion in 17 deals, and in third was Wells Fargo, with $3.229 billion in 16 deals.
Year-to-date, Bank of America is in the lead with $106.24 billion in 339 deals, JPMorgan is in second with $100.874 billion in 273 deals, and Wells Fargo is in third with $43.126 billion in 189 deals.
October saw a total of $28.052 billion of leveraged loans come to market, compared to $37.69 billion in September.
Year-to-date volume totals $591.007 billion, versus $328.772 billion in the comparable time last year.
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
2010 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 106.240 | 339 | 17.98% | 1 | 62.536 | 215 | 19.03%
|
| 2 | JPMorgan | 100.874 | 273 | 17.07% | 2 | 47.184 | 150 | 14.35%
|
| 3 | Wells Fargo | 43.126 | 189 | 7.3% | 7 | 17.277 | 93 | 5.25%
|
| 4 | Credit Suisse | 34.237 | 111 | 5.79% | 4 | 20.065 | 71 | 6.1%
|
| 5 | Barclays | 30.893 | 99 | 5.23% | 5 | 19.077 | 76 | 5.8%
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| 6 | Citigroup | 27.755 | 90 | 4.7% | 6 | 17.673 | 40 | 5.38%
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| 7 | Deutsche Bank | 27.615 | 90 | 4.67% | 3 | 29.801 | 69 | 9.06%
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| 8 | Morgan Stanley | 25.689 | 71 | 4.35% | 8 | 11.115 | 34 | 3.38%
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| 9 | Goldman Sachs | 20.430 | 61 | 3.46% | 9 | 10.146 | 37 | 3.09%
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| 10 | GECC | 14.528 | 85 | 2.46% | 11 | 8.849 | 53 | 2.69%
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| Total | 591.007 | 1048 | 328.772 | 632
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| Average size: | 0.564 | 0.520
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| October
|
| | | | | 2010 Comparables
|
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 7.461 | 22 | 26.6% | 1 | 9.560 | 35 | 16.49%
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| 2 | JPMorgan | 3.806 | 17 | 13.57% | 2 | 8.015 | 25 | 13.83%
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| 3 | Wells Fargo | 3.229 | 16 | 11.51% | 5 | 3.227 | 20 | 5.57%
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| 4 | Morgan Stanley | 1.498 | 4 | 5.34% | 14 | 1.229 | 4 | 2.12%
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| 5 | RBC | 1.442 | 5 | 5.14% | 8 | 1.796 | 9 | 3.10%
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| 6 | Barclays | 1.330 | 6 | 4.74% | 11 | 1.505 | 6 | 2.6%
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| 7 | Credit Suisse | 1.282 | 6 | 4.57% | 4 | 4.133 | 11 | 7.13%
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| 8 | Citigroup | 0.853 | 3 | 3.04% | 6 | 3.195 | 3 | 5.51%
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| 9 | Keybank | 0.635 | 3 | 2.26% | 25 | 0.393 | 3 | 0.68%
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| 10 | Deutsche Bank | 0.469 | 4 | 1.67% | 3 | 7.321 | 8 | 12.63%
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| Total | 28.052 | 68 | 57.972 | 102
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| Average size: | 0.413 | 0.568
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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 of 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.
• The tables include 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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