• Leveraged loan issuance totals $628.924 billion year to date
By Sara Rosenberg
New York, Nov. 30 - Wells Fargo stole the No. 1 spot on the leveraged loans league tables for November, bringing $4.606 billion in 25 deals, according to data compiled by Prospect News.
In second place was JPMorgan with $3.565 billion in 16 deals, and in third was Deutsche Bank with $2.576 billion in 10 deals.
Year to date, Bank of America is in the lead with $110.723 billion in 360 deals, JPMorgan is in second with $104.807 billion in 291 deals, and Wells Fargo is in third with $48.972 billion in 218 deals.
November saw a total of $31.352 billion of leveraged loans come to market, compared to $28.052 in October and $44.638 in November 2010.
Year-to-date volume totals $628.924 billion, versus $373.336 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 | 110.723 | 360 | 17.60% | 1 | 67.851 | 244 | 18.17%
|
| 2 | JPMorgan | 104.807 | 291 | 16.66% | 2 | 56.424 | 182 | 15.11%
|
| 3 | Wells Fargo | 48.972 | 218 | 7.79% | 6 | 21.145 | 112 | 5.66%
|
| 4 | Credit Suisse | 35.882 | 119 | 5.71% | 4 | 25.804 | 88 | 6.91%
|
| 5 | Barclays | 32.615 | 108 | 5.19% | 5 | 21.416 | 87 | 5.74%
|
| 6 | Deutsche Bank | 30.200 | 100 | 4.80% | 3 | 30.868 | 75 | 8.27%
|
| 7 | Citigroup | 28.754 | 95 | 4.57% | 7 | 19.257 | 48 | 5.16%
|
| 8 | Morgan Stanley | 26.108 | 76 | 4.15% | 8 | 12.829 | 39 | 3.44%
|
| 9 | Goldman Sachs | 21.466 | 66 | 3.41% | 9 | 11.857 | 43 | 3.18%
|
| 10 | GECC | 15.258 | 94 | 2.43% | 10 | 10.734 | 67 | 2.88%
|
| Total | 628.924 | 1140 | 373.336 | 745 |
|
|
|
| Average size: | 0.552 | 0.501 |
|
|
|
|
|
| November |
|
| | | | | 2010 Comparables |
|
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Wells Fargo | 4.606 | 25 | 14.69% | 4 | 3.868 | 19 | 8.67%
|
| 2 | JPMorgan | 3.565 | 16 | 11.37% | 1 | 9.240 | 32 | 20.70%
|
| 3 | Deutsche Bank | 2.576 | 10 | 8.22% | 13 | 1.067 | 6 | 2.39%
|
| 4 | Bank of America | 2.379 | 17 | 7.59% | 3 | 5.315 | 29 | 11.91%
|
| 5 | Barclays | 1.850 | 9 | 5.90% | 5 | 2.339 | 11 | 5.24%
|
| 6 | SunTrust | 1.798 | 8 | 5.73% | 12 | 1.150 | 9 | 2.58%
|
| 7 | Credit Suisse | 1.706 | 8 | 5.44% | 2 | 5.738 | 17 | 12.85%
|
| 8 | RBC | 1.209 | 7 | 3.86% | 17 | 0.574 | 4 | 1.29%
|
| 9 | HSBC | 1.050 | 1 | 3.35% |
|
| 10 | PNC | 0.949 | 6 | 3.03% | 20 | 0.294 | 1 | 0.66%
|
| Total | 31.352 | 82 | 44.638 | 113 |
|
|
|
| Average size: | 0.382 | 0.395 |
|
|
|
|
|
|
|
|
|
| Prospect News Leveraged Loan Arranger Rankings
|
|
|
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.
© 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.
