• Leveraged loan issuance totals $26.122 billion in August
• Year to date, JPMorgan holds top spot on league tables
By Sara Rosenberg
New York, Aug 31 - Bank of America was once again in the top spot on the leveraged loan league tables, bringing $7.054 billion in 17 deals in August, according to data compiled by Prospect News.
In second place in August was JPMorgan with $4.597 billion in 14 deals, and in third was Wells Fargo with $2.188 billion in 12 deals.
August saw a total of $26.122 billion of leveraged loans come to market, compared to $37.88 in July and $25.939 billion in August 2010.
Year to date, JPMorgan is in the lead with $92.664 billion in 242 deals, Bank of America follows with $91.399 billion in 293 deals and Wells Fargo is in third with $36.217 billion in 155 deals.
Deals year to date total $522.247 billion, compared to $224.079 billion 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
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| 1 | JPMorgan | 92.664 | 242 | 17.74% | 2 | 35.147 | 114 | 15.69%
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| 2 | Bank of America | 91.399 | 293 | 17.50% | 1 | 45.541 | 154 | 20.32%
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| 3 | Wells Fargo | 36.217 | 155 | 6.93% | 7 | 11.892 | 63 | 5.31%
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| 4 | Credit Suisse | 32.590 | 101 | 6.24% | 5 | 13.537 | 52 | 6.04%
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| 5 | Barclays | 27.303 | 84 | 5.23% | 4 | 14.029 | 58 | 6.26%
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| 6 | Citigroup | 26.053 | 83 | 4.99% | 6 | 12.487 | 32 | 5.57%
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| 7 | Morgan Stanley | 22.615 | 63 | 4.33% | 8 | 7.398 | 22 | 3.30%
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| 8 | Deutsche Bank | 22.302 | 76 | 4.27% | 3 | 17.424 | 46 | 7.78%
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| 9 | Goldman Sachs | 20.306 | 60 | 3.89% | 11 | 5.704 | 21 | 2.55%
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| 10 | BNP | 12.791 | 38 | 2.45% | 10 | 5.751 | 21 | 2.57%
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| Total | 522.247 | 914 | 224.079 | 457 |
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| Average size: | 0.571 | 0.490 |
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| August |
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| | | | | 2010 Comparables |
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| Lead | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | Bank of America | 7.054 | 17 | 27.00% | 1 | 4.745 | 21 | 18.29%
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| 2 | JPMorgan | 4.597 | 14 | 17.60% | 2 | 3.822 | 17 | 14.73%
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| 3 | Wells Fargo | 2.188 | 12 | 8.37% | 3 | 2.842 | 15 | 10.96%
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| 4 | Barclays | 0.992 | 4 | 3.80% | 4 | 2.399 | 6 | 9.25%
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| 5 | Keybank | 0.810 | 3 | 3.10% | 16 | 0.215 | 2 | 0.83%
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| 6 | GECC | 0.795 | 5 | 3.04% | 13 | 0.357 | 4 | 1.38%
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| 7 | BNP | 0.775 | 1 | 2.97% | 6 | 2.084 | 3 | 8.03%
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| 8 | Citigroup | 0.762 | 5 | 2.92% | 7 | 1.273 | 2 | 4.91%
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| 9 | U.S. Bank | 0.655 | 4 | 2.51% |
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| 10 | Deutsche Bank | 0.537 | 2 | 2.06% | 14 | 0.257 | 2 | 0.99%
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| Total | 26.122 | 59 | 25.939 | 59 |
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| Average size: | 0.443 | 0.440 |
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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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