By Sara Rosenberg
New York, Jan. 31 - JPMorgan took first place on the leveraged loans league tables for January, bringing $3.58 billion in 15 deals, according to data compiled by Prospect News.
In second place was Wells Fargo with $3.15 billion in 20 deals, and in third place was Bank of America with $3.12 billion in 14 deals.
January saw a total of $37.18 billion of leveraged loans come to market, compared to $34.48 billion in December and $61.2 billion in January 2011.
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
2011 Comparables
| Underwriter | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | JPMorgan | 3.580 | 15 | 9.63% | 1 | 12.580 | 30 | 20.56%
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| 2 | Wells Fargo | 3.149 | 20 | 8.47% | 6 | 3.027 | 19 | 4.95%
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| 3 | Bank of America | 3.120 | 14 | 8.39% | 2 | 10.947 | 34 | 17.89%
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| 4 | Morgan Stanley | 2.845 | 6 | 7.65% | 5 | 3.227 | 8 | 5.27%
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| 5 | Credit Suisse | 2.064 | 10 | 5.55% | 3 | 6.622 | 16 | 10.82%
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| 6 | Citigroup | 2.020 | 9 | 5.43% | 7 | 2.075 | 8 | 3.39%
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| 7 | Jefferies | 1.942 | 7 | 5.22% | 21 | 0.500 | 3 | 0.82%
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| 8 | UBS | 1.621 | 5 | 4.36% | 9 | 1.983 | 9 | 3.24%
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| 9 | Goldman Sachs | 1.488 | 10 | 4.00% | 8 | 2.036 | 5 | 3.33%
|
| 10 | Deutsche Bank | 1.276 | 7 | 3.43% | 10 | 1.943 | 9 | 3.18%
|
| Total | 37.180 | 85 | 61.197 | 100 |
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| Average size: | 0.437 | 0.612 |
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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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