Columns are amount in billions of dollars, count of deals, percentage of total in dollars.
Rate (L+)
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Below 150 bps | 0 | 0 | 0 | 0 | 1.051 | 1.000 | 0 | 0 | 0 | 0 | 1.250 | 0.950 | 0 |
|
150 | 0 | 0 | 0 | 0 | 0.300 | 0.500 | 0.675 | 0 | 0.350 | 0.210 | 1.450 | 0.314 | 1.375 |
|
175 | 0.750 | 0.285 | 0.100 | 0.920 | 0.450 | 1.150 | 0.600 | 2.425 | 4.310 | 4.700 | 2.995 | 6.175 | 3.030 |
|
200 | 0 | 0.670 | 0 | 2.713 | 0.585 | 2.048 | 1.000 | 4.620 | 1.025 | 1.000 | 3.347 | 8.270 | 0.875 |
|
225 | 0 | 1.133 | 0.525 | 2.840 | 0.450 | 0.125 | 0.950 | 0.315 | 6.210 | 6.560 | 1.450 | 5.405 | 0.745 |
|
250 | 0.541 | 2.010 | 4.030 | 2.980 | 1.158 | 3.615 | 3.620 | 1.640 | 5.833 | 3.650 | 3.350 | 1.745 | 2.300 |
|
275 | 0.920 | 4.492 | 0.350 | 3.634 | 0.915 | 0.502 | 2.545 | 3.915 | 6.720 | 1.800 | 2.075 | 7.346 | 0.263 |
|
300 | 2.523 | 1.290 | 4.716 | 2.870 | 2.335 | 1.215 | 8.175 | 22.324 | 6.322 | 2.217 | 2.675 | 3.600 | 0.488 |
|
325 | 0.475 | 0.558 | 0 | 0.546 | 1.483 | 0.669 | 7.331 | 7.226 | 6.667 | 1.910 | 4.262 | 1.320 | 0.510 |
|
350 | 0.595 | 1.175 | 1.950 | 1.943 | 4.525 | 0.805 | 4.995 | 12.807 | 2.712 | 4.400 | 2.220 | 1.600 | 0.135 |
|
375 | 0.675 | 0.400 | 1.770 | 2.345 | 2.200 | 6.060 | 1.479 | 2.445 | 4.632 | 6.620 | 5.620 | 1.644 | 0.375 |
|
400 | 2.035 | 0.565 | 3.479 | 4.775 | 4.227 | 1.755 | 1.580 | 5.398 | 1.790 | 0.913 | 5.654 | 1.287 | 1.670 |
|
425 | 0.175 | 2.442 | 4.113 | 7.220 | 2.930 | 1.410 | 3.354 | 0.718 | 2.785 | 5.293 | 2.200 | 1.240 | 0.900 |
|
450 | 4.900 | 2.475 | 6.090 | 2.781 | 3.590 | 1.165 | 4.924 | 1.275 | 0.914 | 1.760 | 1.515 | 2.134 | 1.660 |
|
475 | 1.975 | 0.050 | 1.870 | 0.350 | 0.806 | 0.816 | 0.132 | 1.930 | 0.825 | 2.080 | 4.895 | 0.592 | 1.265 |
|
500 bps and upward | 4.040 | 2.697 | 6.804 | 5.597 | 6.301 | 8.083 | 4.638 | 5.899 | 4.199 | 3.205 | 9.115 | 7.745 | 8.501 |
|
Fixed rate | 0.764 | 0.150 | 0 | 1.679 | 0.057 | 0.170 | 0 | 0.888 | 0 | 0.087 | 0 | 0 | 0 |
|
NA | 7.230 | 5.547 | 11.325 | 14.778 | 12.106 | 22.142 | 15.610 | 13.982 | 18.990 | 21.335 | 24.370 | 31.195 | 15.106 |
|
Other | 0 | 0 | 0 | 0 | 0.220 | 0 | 0.150 | 0 | 0 | 0 | 0 | 0 | 0.900 |
|
Prime based | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.215 | 0 | 0 | 0 |
|
Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Below 150 bps | 0 | 0 | 2.051 | 6 | 0 | 0 | 2.200 | 3 | 0 | 0 | 2.200 | 3 | 4.251 | 9 | 4.251 | 7 | 0.45%
|
150 | 0 | 0 | 0.800 | 4 | 1.025 | 4 | 1.974 | 6 | 1.375 | 2 | 4.374 | 10 | 5.174 | 16 | 5.174 | 13 | 0.89%
|
175 | 1.135 | 3 | 2.520 | 8 | 7.335 | 14 | 13.870 | 37 | 3.030 | 5 | 24.235 | 42 | 27.890 | 67 | 27.140 | 52 | 4.92%
|
200 | 0.670 | 3 | 5.346 | 17 | 6.645 | 14 | 12.617 | 17 | 0.875 | 1 | 20.137 | 22 | 26.153 | 52 | 26.153 | 38 | 4.09%
|
225 | 1.657 | 5 | 3.415 | 14 | 7.475 | 20 | 13.415 | 22 | 0.745 | 4 | 21.635 | 35 | 26.707 | 65 | 26.707 | 49 | 4.39%
|
250 | 6.581 | 19 | 7.753 | 23 | 11.094 | 24 | 8.745 | 24 | 2.300 | 7 | 22.139 | 41 | 36.472 | 97 | 35.931 | 69 | 4.49%
|
275 | 5.762 | 14 | 5.051 | 20 | 13.180 | 36 | 11.221 | 24 | 0.263 | 1 | 24.663 | 34 | 35.477 | 95 | 34.557 | 47 | 5.00%
|
300 | 8.529 | 25 | 6.420 | 21 | 36.821 | 54 | 8.492 | 22 | 0.488 | 1 | 45.801 | 40 | 60.750 | 123 | 58.227 | 68 | 9.29%
|
11/1900 | 1.033 | 4 | 2.698 | 13 | 21.223 | 31 | 7.492 | 20 | 0.510 | 3 | 29.225 | 39 | 32.956 | 71 | 32.481 | 48 | 5.93%
|
350 | 3.720 | 12 | 7.273 | 16 | 20.515 | 42 | 8.220 | 17 | 0.135 | 2 | 28.870 | 31 | 39.862 | 89 | 39.267 | 45 | 5.86%
|
375 | 2.845 | 15 | 10.605 | 15 | 8.556 | 25 | 13.884 | 25 | 0.375 | 3 | 22.815 | 28 | 36.265 | 83 | 35.590 | 41 | 4.63%
|
400 | 6.079 | 22 | 10.757 | 23 | 8.768 | 32 | 7.854 | 29 | 1.670 | 3 | 18.291 | 41 | 35.127 | 109 | 33.092 | 58 | 3.71%
|
425 | 6.730 | 14 | 11.560 | 19 | 6.856 | 16 | 8.733 | 19 | 0.900 | 3 | 16.489 | 21 | 34.779 | 71 | 34.605 | 39 | 3.35%
|
450 | 13.465 | 26 | 7.536 | 23 | 7.113 | 20 | 5.409 | 27 | 1.660 | 6 | 14.182 | 28 | 35.184 | 102 | 30.284 | 47 | 2.88%
|
475 | 3.895 | 9 | 1.972 | 10 | 2.886 | 22 | 7.566 | 18 | 1.265 | 4 | 11.718 | 24 | 17.585 | 63 | 15.610 | 34 | 2.38%
|
500 bps and upward | 13.542 | 58 | 19.981 | 101 | 14.735 | 82 | 20.065 | 85 | 8.501 | 33 | 43.301 | 77 | 76.824 | 359 | 72.783 | 154 | 8.78%
|
Fixed rate | 0.914 | 5 | 1.906 | 10 | 0.888 | 4 | 0.087 | 1 | 0 | 0 | 0.976 | 5 | 3.796 | 20 | 3.031 | 12 | 0.20%
|
NA | 24.102 | 75 | 49.027 | 170 | 48.582 | 154 | 76.899 | 201 | 15.106 | 49 | 140.587 | 328 | 213.716 | 649 | 206.486 | 487 | 28.52%
|
Other | 0 | 0 | 0.220 | 1 | 0.150 | 1 | 0 | 0 | 0.900 | 1 | 1.050 | 2 | 1.270 | 3 | 1.270 | 3 | 0.21%
|
Prime based | 0 | 0 | 0 | 0 | 0 | 0 | 0.215 | 2 | 0 | 0 | 0.215 | 2 | 0.215 | 2 | 0.215 | 2 | 0.04%
|
Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
|
|
|
Upsized? |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Yes | 3.498 | 5.277 | 7.498 | 5.005 | 7.667 | 13.325 | 12.776 | 7.535 | 3.902 | 8.665 | 4.465 | 4.170 | 0.455 |
|
No | 22.721 | 19.982 | 38.793 | 50.899 | 35.534 | 37.756 | 47.011 | 76.989 | 69.481 | 58.348 | 68.309 | 74.836 | 39.397 |
|
Downsized | 1.380 | 0.680 | 0.830 | 2.068 | 2.488 | 2.150 | 1.970 | 3.283 | 0.900 | 0.943 | 5.668 | 3.555 | 0.245 |
|
Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 16.273 | 27 | 25.997 | 42 | 24.213 | 47 | 17.300 | 24 | 0.455 | 2 | 41.968 | 32 | 84.239 | 142 | 80.741 | 68 | 8.51%
|
No | 81.497 | 267 | 124.188 | 448 | 193.481 | 522 | 201.493 | 550 | 39.397 | 124 | 434.371 | 798 | 640.057 | 1911 | 617.335 | 1200 | 88.13%
|
Downsized | 2.890 | 15 | 6.706 | 24 | 6.152 | 26 | 10.165 | 25 | 0.245 | 2 | 16.562 | 21 | 26.159 | 92 | 24.779 | 43 | 3.36%
|
Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
|
|
|
Flex? |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Down | 3.045 | 0.475 | 9.783 | 7.570 | 3.665 | 3.290 | 22.829 | 14.822 | 4.324 | 2.336 | 2.603 | 5.797 | 1.145 |
|
No | 22.742 | 25.109 | 34.833 | 49.362 | 39.981 | 49.551 | 36.581 | 69.299 | 67.656 | 64.562 | 72.039 | 71.924 | 38.952 |
|
Up | 1.812 | 0.355 | 2.505 | 1.040 | 2.043 | 0.390 | 2.347 | 3.685 | 2.304 | 1.058 | 3.800 | 4.840 | 0 |
|
Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Down | 13.303 | 22 | 14.525 | 33 | 41.975 | 78 | 10.736 | 26 | 1.145 | 4 | 53.856 | 44 | 81.684 | 163 | 78.639 | 65 | 10.93%
|
No | 82.685 | 273 | 138.893 | 462 | 173.536 | 493 | 208.525 | 532 | 38.952 | 124 | 421.013 | 781 | 642.592 | 1884 | 619.849 | 1205 | 85.42%
|
Up | 4.671 | 14 | 3.473 | 19 | 8.336 | 24 | 9.697 | 41 | 0 | 0 | 18.034 | 26 | 26.178 | 98 | 24.366 | 41 | 3.66%
|
Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
|
|
|
Type |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Revolver | 12.065 | 13.167 | 18.806 | 26.600 | 17.018 | 28.284 | 20.095 | 22.700 | 33.798 | 35.318 | 39.422 | 43.730 | 19.700 |
|
TLA | 1.195 | 0.823 | 5.795 | 2.322 | 1.105 | 0.060 | 3.530 | 7.375 | 6.780 | 2.986 | 2.725 | 9.865 | 2.150 |
|
Term | 10.575 | 5.652 | 9.149 | 20.181 | 16.859 | 19.905 | 22.474 | 22.511 | 13.907 | 15.609 | 12.289 | 9.689 | 10.885 |
|
Institutional | 3.744 | 5.590 | 12.653 | 7.107 | 9.447 | 3.450 | 13.890 | 33.519 | 19.239 | 13.045 | 20.564 | 15.916 | 6.727 |
|
Second/third/junior lien | 0 | 0.140 | 0.404 | 0.940 | 0.670 | 1.503 | 0.440 | 0.461 | 0.459 | 0.797 | 3.267 | 1.122 | 0.561 |
|
Delayed draw | 0 | 0.567 | 0.125 | 0 | 0.420 | 0.030 | 0.655 | 0.990 | 0.100 | 0.200 | 0.175 | 0.440 | 0.075 |
|
LoC | 0.020 | 0 | 0.190 | 0.822 | 0.170 | 0 | 0.673 | 0.250 | 0 | 0 | 0 | 1.800 | 0 |
|
Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Revolver | 44.038 | 162 | 71.902 | 278 | 76.594 | 288 | 118.470 | 334 | 19.700 | 67 | 214.763 | 625 | 330.704 | 1129 | 318.639 | 935 | 43.57%
|
TLA | 7.813 | 19 | 3.487 | 13 | 17.686 | 38 | 15.575 | 25 | 2.150 | 5 | 35.411 | 16 | 46.711 | 100 | 45.516 | 21 | 7.18%
|
Term | 25.375 | 75 | 56.944 | 143 | 58.892 | 138 | 37.587 | 118 | 10.885 | 35 | 107.364 | 127 | 189.683 | 509 | 179.109 | 228 | 21.78%
|
Institutional | 21.987 | 40 | 20.004 | 47 | 66.648 | 104 | 49.524 | 91 | 6.727 | 14 | 122.899 | 75 | 164.889 | 296 | 161.145 | 109 | 24.93%
|
Second/third/junior lien | 0.544 | 5 | 3.113 | 20 | 1.360 | 12 | 5.186 | 22 | 0.561 | 6 | 7.107 | 4 | 10.764 | 65 | 10.764 | 9 | 1.44%
|
Delayed draw | 0.692 | 6 | 0.450 | 5 | 1.745 | 10 | 0.815 | 6 | 0.075 | 1 | 2.635 | 3 | 3.777 | 28 | 3.777 | 4 | 0.53%
|
LoC | 0.210 | 2 | 0.992 | 8 | 0.923 | 5 | 1.800 | 3 | 0 | 0 | 2.723 | 4 | 3.925 | 18 | 3.905 | 8 | 0.55%
|
Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
|
|
|
Moody's Rating |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Baa2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.000 | 0 | 0 | 0 |
|
Baa3 | 0 | 0 | 0 | 5.000 | 0.500 | 0 | 0 | 0.340 | 1.625 | 2.400 | 0 | 3.900 | 0 |
|
Ba1 | 0.800 | 0.565 | 0.800 | 2.075 | 0 | 2.200 | 2.105 | 1.600 | 2.900 | 0.540 | 3.750 | 2.800 | 0 |
|
Ba2 | 3.370 | 0.777 | 4.735 | 3.315 | 6.065 | 0.965 | 2.720 | 9.088 | 7.810 | 2.180 | 5.785 | 9.195 | 0 |
|
Ba3 | 2.525 | 4.016 | 9.981 | 7.300 | 5.180 | 4.230 | 14.400 | 3.973 | 6.062 | 6.830 | 5.475 | 2.545 | 3.830 |
|
B1 | 2.700 | 1.140 | 5.218 | 3.710 | 9.400 | 7.630 | 10.055 | 13.725 | 3.495 | 6.028 | 8.429 | 3.985 | 3.250 |
|
B2 | 0.860 | 0.675 | 2.120 | 0.757 | 2.600 | 1.543 | 1.382 | 5.505 | 1.996 | 8.450 | 1.525 | 1.345 | 3.404 |
|
B3 | 0.435 | 0.180 | 0.135 | 0.575 | 0 | 0.865 | 1.015 | 3.713 | 1.015 | 0.425 | 0.610 | 0.310 | 0 |
|
Caa1 | 0 | 0 | 0.180 | 0.365 | 0.320 | 0.240 | 0 | 0.382 | 0.230 | 0.580 | 0.352 | 0 | 0.150 |
|
Caa2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.290 | 0.145 | 0.080 | 0 |
|
NR | 16.908 | 18.585 | 23.952 | 34.874 | 21.624 | 35.558 | 30.080 | 49.481 | 49.150 | 38.232 | 52.371 | 58.401 | 29.463 |
|
Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Baa2 | 0 | 0 | 0 | 0 | 0 | 0 | 2.000 | 2 | 0 | 0 | 2.000 | 1 | 2.000 | 2 | 2.000 | 1 | 0.41%
|
Baa3 | 0 | 0 | 5.500 | 3 | 1.965 | 6 | 6.300 | 5 | 0 | 0 | 8.265 | 6 | 13.765 | 14 | 13.765 | 8 | 1.68%
|
Ba1 | 2.165 | 5 | 4.275 | 11 | 6.605 | 13 | 7.090 | 12 | 0 | 0 | 13.695 | 12 | 20.135 | 41 | 19.335 | 21 | 2.78%
|
Ba2 | 8.883 | 20 | 10.345 | 21 | 19.618 | 34 | 17.160 | 39 | 0 | 0 | 36.778 | 35 | 56.005 | 114 | 52.636 | 53 | 7.46%
|
Ba3 | 16.523 | 34 | 16.710 | 52 | 24.435 | 46 | 14.850 | 44 | 3.830 | 7 | 43.115 | 51 | 76.347 | 183 | 73.823 | 88 | 8.75%
|
B1 | 9.058 | 33 | 20.740 | 52 | 27.275 | 67 | 18.442 | 56 | 3.250 | 11 | 48.967 | 71 | 78.765 | 219 | 76.065 | 111 | 9.93%
|
B2 | 3.655 | 10 | 4.901 | 26 | 8.883 | 31 | 11.320 | 24 | 3.404 | 9 | 23.607 | 29 | 32.163 | 100 | 31.303 | 48 | 4.79%
|
B3 | 0.750 | 7 | 1.440 | 6 | 5.743 | 17 | 1.345 | 8 | 0 | 0 | 7.088 | 14 | 9.278 | 38 | 8.843 | 19 | 1.44%
|
Caa1 | 0.180 | 1 | 0.925 | 6 | 0.612 | 5 | 0.932 | 10 | 0.150 | 1 | 1.694 | 2 | 2.799 | 23 | 2.799 | 5 | 0.34%
|
Caa2 | 0 | 0 | 0 | 0 | 0 | 0 | 0.515 | 4 | 0 | 0 | 0.515 | 1 | 0.515 | 4 | 0.515 | 1 | 0.10%
|
NR | 59.446 | 199 | 92.056 | 337 | 128.711 | 376 | 149.004 | 395 | 29.463 | 100 | 307.178 | 631 | 458.681 | 1407 | 441.772 | 958 | 62.32%
|
Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
|
|
|
Use of Proceeds |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Acquisition | 2.385 | 1.245 | 8.415 | 8.497 | 5.122 | 1.073 | 6.665 | 5.766 | 2.397 | 6.100 | 13.307 | 9.037 | 8.780 |
|
Capex | 0.472 | 0.675 | 1.070 | 2.935 | 0.957 | 0.275 | 1.009 | 0.575 | 0 | 0 | 0.650 | 0.146 | 0.125 |
|
Dividend/recap | 0.904 | 1.786 | 1.793 | 5.895 | 11.920 | 2.615 | 3.255 | 7.343 | 1.685 | 4.435 | 2.301 | 1.970 | 1.550 |
|
Exit financing | 0.591 | 1.450 | 0.600 | 0.195 | 0.800 | 1.110 | 1.345 | 0.080 | 0.090 | 0 | 0 | 0 | 0 |
|
GCP | 0.650 | 3.810 | 1.365 | 11.030 | 1.828 | 9.570 | 7.057 | 1.451 | 6.625 | 8.040 | 1.900 | 3.320 | 2.495 |
|
LBO | 3.695 | 3.115 | 4.905 | 2.429 | 3.835 | 5.340 | 7.867 | 3.220 | 5.260 | 0 | 3.285 | 5.623 | 5.388 |
|
Refinance | 12.151 | 8.610 | 19.019 | 16.020 | 11.473 | 20.986 | 21.819 | 61.958 | 42.662 | 40.100 | 44.407 | 38.242 | 8.099 |
|
Multiple/Other/NA | 6.750 | 5.248 | 9.954 | 10.970 | 9.755 | 12.262 | 12.740 | 7.413 | 15.564 | 9.280 | 12.592 | 24.223 | 13.660 |
|
Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Acquisition | 12.045 | 19 | 14.691 | 29 | 14.829 | 21 | 28.444 | 38 | 8.780 | 13 | 52.053 | 71 | 78.789 | 119 | 76.404 | 113 | 10.56%
|
Capex | 2.217 | 10 | 4.166 | 8 | 1.584 | 5 | 0.796 | 3 | 0.125 | 1 | 2.505 | 9 | 8.889 | 27 | 8.416 | 24 | 0.51%
|
Dividend/recap | 4.484 | 11 | 20.430 | 41 | 12.283 | 25 | 8.706 | 25 | 1.550 | 7 | 22.538 | 57 | 47.452 | 109 | 46.548 | 106 | 4.57%
|
Exit financing | 2.641 | 7 | 2.105 | 7 | 1.515 | 3 | 0 | 0 | 0 | 0 | 1.515 | 3 | 6.261 | 17 | 5.670 | 14 | 0.31%
|
GCP | 5.825 | 18 | 22.428 | 40 | 15.133 | 44 | 13.260 | 32 | 2.495 | 8 | 30.888 | 84 | 59.141 | 142 | 58.491 | 140 | 6.27%
|
LBO | 11.715 | 18 | 11.604 | 26 | 16.347 | 26 | 8.908 | 22 | 5.388 | 11 | 30.643 | 59 | 53.963 | 103 | 50.268 | 97 | 6.22%
|
Refinance | 39.780 | 67 | 48.479 | 104 | 126.440 | 185 | 122.750 | 177 | 8.099 | 20 | 257.288 | 382 | 345.547 | 553 | 333.396 | 529 | 52.19%
|
Multiple/Other/NA | 21.952 | 50 | 32.987 | 72 | 35.717 | 73 | 46.095 | 94 | 13.660 | 18 | 95.472 | 185 | 150.411 | 307 | 143.661 | 287 | 19.37%
|
Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
|
|
|
Industry Sector (by SIC code) |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Agriculture (0xxx) | 0 | 0.950 | 0.700 | 0 | 0.250 | 0 | 0 | 0.885 | 0.225 | 0 | 1.250 | 1.650 | 0 |
|
Mining (1xxx) | 0.950 | 0.850 | 0 | 0.325 | 0.527 | 0.965 | 2.725 | 1.000 | 1.600 | 4.003 | 6.310 | 0.600 | 0 |
|
Oil and gas (13xx) | 3.095 | 2.500 | 8.093 | 2.203 | 3.457 | 4.830 | 1.934 | 3.600 | 4.465 | 8.248 | 11.595 | 5.815 | 0.300 |
|
Construction (15xx) | 1.100 | 0.275 | 0 | 0.885 | 0.425 | 0.510 | 0 | 1.015 | 0.460 | 0 | 0 | 0.100 | 0 |
|
Manufacturing (2xxx, 3xxx) | 3.210 | 9.302 | 19.793 | 19.667 | 13.105 | 12.060 | 23.643 | 27.551 | 17.343 | 18.649 | 16.887 | 26.227 | 14.415 |
|
Transportation (4xxx) | 0.253 | 0.185 | 0.300 | 3.267 | 3.501 | 0.550 | 0.575 | 0.375 | 12.685 | 0 | 3.395 | 2.796 | 1.275 |
|
Communications (48xx) | 1.028 | 0.270 | 3.665 | 9.977 | 2.966 | 8.960 | 1.765 | 5.032 | 4.332 | 0.460 | 3.105 | 7.933 | 1.495 |
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Electric, gas, sanitary services (49xx) | 2.663 | 0 | 1.900 | 3.145 | 0.950 | 1.350 | 0.525 | 1.670 | 3.600 | 1.500 | 4.810 | 5.635 | 3.574 |
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Wholesale (5xxx) | 1.344 | 5.281 | 4.675 | 2.340 | 7.385 | 6.201 | 7.455 | 14.301 | 10.338 | 13.552 | 5.580 | 7.154 | 3.751 |
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Finance, insurance, real estate (6xxx) | 6.595 | 1.580 | 1.785 | 3.125 | 1.545 | 6.055 | 7.865 | 10.806 | 1.990 | 6.095 | 6.001 | 6.210 | 3.315 |
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Services (7xxx) | 6.211 | 3.839 | 1.476 | 8.212 | 7.555 | 8.910 | 12.284 | 14.891 | 12.745 | 9.908 | 12.547 | 15.330 | 9.340 |
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Health services (8xxx) | 1.150 | 0.907 | 4.734 | 4.825 | 4.023 | 2.840 | 2.986 | 6.679 | 4.501 | 5.540 | 6.962 | 3.111 | 2.632 |
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Total | 27.599 | 25.939 | 47.121 | 57.972 | 45.689 | 53.231 | 61.757 | 87.806 | 74.284 | 67.955 | 78.442 | 82.561 | 40.097 |
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| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
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Agriculture (0xxx) | 1.650 | 4 | 0.250 | 1 | 1.110 | 3 | 2.900 | 3 | 0 | 0 | 4.010 | 6 | 5.910 | 11 | 5.910 | 11 | 0.81%
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Mining (1xxx) | 1.800 | 3 | 1.817 | 10 | 5.325 | 3 | 10.913 | 11 | 0 | 0 | 16.238 | 14 | 19.855 | 27 | 18.905 | 25 | 3.29%
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Oil and gas (13xx) | 13.688 | 20 | 10.489 | 19 | 9.999 | 18 | 25.657 | 35 | 0.300 | 2 | 35.956 | 55 | 60.134 | 94 | 57.039 | 86 | 7.29%
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Construction (15xx) | 1.375 | 2 | 1.820 | 6 | 1.475 | 3 | 0.100 | 1 | 0 | 0 | 1.575 | 4 | 4.770 | 12 | 3.670 | 11 | 0.32%
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Manufacturing (2xxx, 3xxx) | 32.304 | 56 | 44.833 | 93 | 68.537 | 114 | 61.764 | 109 | 14.415 | 21 | 144.716 | 244 | 221.854 | 393 | 218.644 | 379 | 29.36%
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Transportation (4xxx) | 0.738 | 4 | 7.318 | 12 | 13.635 | 11 | 6.191 | 13 | 1.275 | 2 | 21.101 | 26 | 29.157 | 42 | 28.904 | 41 | 4.28%
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Communications (48xx) | 4.963 | 11 | 21.904 | 24 | 11.130 | 26 | 11.498 | 22 | 1.495 | 4 | 24.123 | 52 | 50.989 | 87 | 49.961 | 84 | 4.89%
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Electric, gas, sanitary services (49xx) | 4.563 | 6 | 5.445 | 9 | 5.795 | 11 | 11.945 | 16 | 3.574 | 5 | 21.314 | 32 | 31.322 | 47 | 28.659 | 43 | 4.32%
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Wholesale (5xxx) | 11.300 | 24 | 15.926 | 40 | 32.094 | 62 | 26.286 | 42 | 3.751 | 9 | 62.131 | 113 | 89.357 | 177 | 88.013 | 172 | 12.61%
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Finance, insurance, real estate (6xxx) | 9.960 | 24 | 10.725 | 31 | 20.661 | 36 | 18.306 | 41 | 3.315 | 11 | 42.282 | 88 | 62.967 | 143 | 56.372 | 133 | 8.58%
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Services (7xxx) | 11.526 | 33 | 24.676 | 60 | 39.919 | 61 | 37.785 | 63 | 9.340 | 15 | 87.045 | 139 | 123.247 | 232 | 117.036 | 215 | 17.66%
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Health services (8xxx) | 6.792 | 13 | 11.688 | 22 | 14.166 | 33 | 15.613 | 35 | 2.632 | 9 | 32.412 | 77 | 50.891 | 112 | 49.741 | 110 | 6.58%
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Total | 100.660 | 200 | 156.891 | 327 | 223.847 | 381 | 228.958 | 391 | 40.097 | 78 | 492.902 | 850 | 750.454 | 1377 | 722.855 | 1310 | 100.00%
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Criteria
• The tables include dollar-denominated deals offered in the United States reported to Prospect News.
• All deals from issuers with $75 million or more total bank debt outstanding (including unused portions of revolvers)
• All loans are leveraged: either the interest rate margin is 150 bps or higher or they are rated speculative-grade by Moody's Investors Service or Standard & Poor's.
• 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. Where individual tranches have different features (e.g. interest rate, flex), breakdown is by tranches, otherwise breakdown is by number of deals (e.g. use of proceeds, industry sector).
• DIP facilities are included.
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