• Leveraged loan issuance totals $37.877 billion in July
• Year to date, JPMorgan holds top spot on league tables
By Sara Rosenberg
New York, July 29 - Bank of America was once again in the No. 1 spot on the leveraged loan league tables, bringing $6.23 billion in 22 deals in July, according to data compiled by Prospect News.
In second place in July was Wells Fargo with $3.85 billion in 17 deals, and in third was Credit Suisse with $3.57 billion in 14 deals.
July saw a total of $37.88 of leveraged loans come to market, compared to $67.66 billion in June and $27.6 in July 2010.
Year to date, JPMorgan is in the lead with $86.02 billion in 223 deals, Bank of America follows with $83.78 billion in 273 deals and Wells Fargo is in third with $33.2 billion in 139 deals.
Deals year to date total $490.68 billion, compared to $198.14 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 | JPMorgan | 86.016 | 223 | 17.53% | 2 | 31.325 | 97 | 15.81%
|
| 2 | Bank of America | 83.780 | 273 | 17.08% | 1 | 39.923 | 132 | 20.15%
|
| 3 | Wells Fargo | 33.203 | 139 | 6.77% | 7 | 9.050 | 48 | 4.57%
|
| 4 | Credit Suisse | 32.735 | 103 | 6.67% | 5 | 11.243 | 45 | 5.67%
|
| 5 | Barclays | 26.311 | 80 | 5.36% | 4 | 11.630 | 52 | 5.87%
|
| 6 | Citigroup | 24.836 | 76 | 5.06% | 6 | 11.213 | 30 | 5.66%
|
| 7 | Morgan Stanley | 22.285 | 60 | 4.54% | 9 | 6.495 | 20 | 3.28%
|
| 8 | Deutsche Bank | 21.072 | 71 | 4.29% | 3 | 17.167 | 44 | 8.66%
|
| 9 | Goldman Sachs | 20.057 | 59 | 4.09% | 11 | 4.471 | 18 | 2.26%
|
| 10 | BNP | 11.941 | 36 | 2.43% | 12 | 3.667 | 18 | 1.85%
|
| Total | 490.682 | 844 | 198.140 | 398
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| Average size: | 0.581 | 0.498
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| July
|
| | | | | 2010 Comparables
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| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 6.226 | 22 | 16.44% | 1 | 4.047 | 15 | 14.66%
|
| 2 | Wells Fargo | 3.850 | 17 | 10.16% | 4 | 2.141 | 15 | 7.76%
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| 3 | Credit Suisse | 3.570 | 14 | 9.43% | 6 | 1.543 | 8 | 5.59%
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| 4 | Citigroup | 3.175 | 6 | 8.38% | 3 | 2.518 | 7 | 9.12%
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| 5 | JPMorgan | 3.163 | 12 | 8.35% | 2 | 3.260 | 13 | 11.81%
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| 6 | BNP | 2.504 | 9 | 6.61% | 25 | 0.175 | 2 | 0.63%
|
| 7 | Goldman Sachs | 2.460 | 4 | 6.49% | 10 | 1.117 | 3 | 4.05%
|
| 8 | HSBC | 1.532 | 4 | 4.04%
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| 9 | RBS | 1.197 | 4 | 3.16% | 15 | 0.559 | 2 | 2.03%
|
| 10 | SunTrust | 1.156 | 6 | 3.05% | 14 | 0.573 | 3 | 2.08%
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| Total | 37.877 | 72 | 27.599 | 66
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| Average size: | 0.526 | 0.418
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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.
• 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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