Columns are amount in billions of dollars, count of deals, percentage of total in dollars.
Rate (L+)
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Below 150 bps | 0.200 | 0 | 0 | 0 | 0 | 0.275 | 0 | 0 | 0 | 0.100 | 0 | 0 | 0 |
|
150 | 3.205 | 7.562 | 1.250 | 1.485 | 0.275 | 0.725 | 2.630 | 1.860 | 1.155 | 3.080 | 0.350 | 3.460 | 1.300 |
|
175 | 1.875 | 0.335 | 0 | 6.722 | 2.240 | 1.375 | 3.108 | 2.300 | 2.405 | 1.960 | 2.230 | 2.485 | 0.875 |
|
200 | 4.075 | 0.495 | 0.460 | 0.530 | 1.145 | 0.875 | 6.280 | 5.900 | 1.350 | 0 | 0.650 | 0.080 | 0.935 |
|
225 | 0.870 | 0.500 | 2.033 | 1.125 | 3.112 | 5.425 | 3.090 | 2.445 | 2.875 | 0.515 | 0.785 | 0.100 | 0.300 |
|
250 | 1.700 | 0.950 | 0.998 | 0.527 | 1.640 | 2.000 | 0.985 | 0.635 | 0.973 | 1.135 | 2.680 | 4.175 | 5.100 |
|
275 | 2.530 | 0.880 | 2.425 | 2.644 | 1.530 | 0.550 | 1.075 | 1.345 | 0.425 | 0.150 | 1.225 | 0.230 | 5.163 |
|
300 | 2.200 | 0.735 | 1.923 | 0.570 | 2.520 | 8.590 | 4.270 | 0.250 | 0.075 | 0.650 | 2.885 | 2.150 | 1.780 |
|
325 | 0.350 | 0.235 | 1.160 | 1.505 | 1.700 | 2.192 | 2.377 | 0.175 | 0.950 | 0.630 | 1.395 | 2.165 | 8.333 |
|
350 | 0.340 | 0.730 | 2.975 | 0 | 1.970 | 0 | 1.344 | 1.275 | 0 | 0.300 | 6.875 | 1.754 | 4.740 |
|
375 | 0.790 | 0.900 | 0.075 | 0.310 | 0.295 | 2.009 | 2.525 | 2.995 | 3.250 | 0.756 | 1.165 | 0.675 | 8.472 |
|
400 | 1.060 | 0.134 | 0.300 | 0.150 | 0.660 | 4.598 | 4.470 | 1.125 | 1.410 | 0.416 | 0.630 | 0.745 | 5.040 |
|
425 | 0 | 0 | 1.775 | 0 | 1.150 | 1.123 | 0.600 | 4.275 | 3.869 | 1.794 | 2.065 | 0 | 2.115 |
|
450 | 1.350 | 0.203 | 0.200 | 1.025 | 0.817 | 0.610 | 1.420 | 0.060 | 2.340 | 0 | 3.330 | 2.942 | 4.188 |
|
475 | 0 | 0.640 | 0 | 0.125 | 0.515 | 1.855 | 1.140 | 1.510 | 0.400 | 0.700 | 0.418 | 0.025 | 2.405 |
|
500 bps and upward | 7.784 | 5.459 | 5.800 | 5.784 | 6.509 | 5.681 | 12.486 | 10.139 | 14.783 | 8.812 | 8.894 | 6.160 | 10.410 |
|
Fixed rate | 0.672 | 0.030 | 0.161 | 0.450 | 0.375 | 0.300 | 0.308 | 0.203 | 0.790 | 0 | 0.080 | 0.429 | 0.250 |
|
NA | 17.924 | 14.829 | 11.122 | 14.248 | 13.599 | 16.104 | 9.813 | 13.806 | 17.929 | 12.312 | 14.418 | 15.675 | 32.326 |
|
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0.675 | 0 | 0 | 0.250 | 0 | 0.080 | 0 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Below 150 bps | 0 | 0 | 0.275 | 1 | 0.100 | 1 | 0 | 0 | 0.375 | 2 | 0.575 | 3 | 0.375 | 2 | 0.08%
|
150 | 10.297 | 18 | 3.630 | 10 | 6.095 | 16 | 5.110 | 9 | 14.835 | 33 | 28.337 | 58 | 25.132 | 50 | 3.10%
|
175 | 7.057 | 15 | 6.723 | 17 | 6.665 | 19 | 5.590 | 18 | 18.978 | 43 | 27.910 | 74 | 26.035 | 57 | 3.96%
|
200 | 1.485 | 9 | 8.300 | 25 | 7.250 | 13 | 1.665 | 9 | 17.215 | 34 | 22.776 | 63 | 18.701 | 43 | 3.59%
|
225 | 3.658 | 12 | 11.627 | 28 | 5.835 | 14 | 1.185 | 7 | 18.647 | 35 | 23.175 | 64 | 22.305 | 45 | 3.89%
|
250 | 2.474 | 12 | 4.625 | 8 | 2.743 | 15 | 11.955 | 15 | 19.323 | 25 | 23.498 | 54 | 21.798 | 35 | 4.03%
|
275 | 5.949 | 16 | 3.155 | 16 | 1.920 | 7 | 6.618 | 12 | 11.693 | 22 | 20.172 | 56 | 17.642 | 35 | 2.44%
|
300 | 3.228 | 15 | 15.380 | 31 | 0.975 | 6 | 6.815 | 20 | 23.170 | 31 | 28.598 | 76 | 26.398 | 39 | 4.84%
|
325 | 2.900 | 8 | 6.269 | 15 | 1.755 | 8 | 11.893 | 17 | 19.918 | 25 | 23.168 | 49 | 22.817 | 29 | 4.16%
|
350 | 3.705 | 9 | 3.314 | 7 | 1.575 | 3 | 13.369 | 19 | 18.258 | 19 | 22.303 | 40 | 21.963 | 24 | 3.81%
|
375 | 1.285 | 5 | 4.829 | 12 | 7.001 | 15 | 10.312 | 21 | 22.142 | 31 | 24.217 | 54 | 23.427 | 34 | 4.62%
|
400 | 0.584 | 5 | 9.727 | 23 | 2.951 | 14 | 6.415 | 13 | 19.093 | 36 | 20.738 | 58 | 19.677 | 39 | 3.99%
|
425 | 1.775 | 5 | 2.873 | 6 | 9.938 | 21 | 4.180 | 11 | 16.991 | 20 | 18.766 | 43 | 18.766 | 24 | 3.55%
|
450 | 1.427 | 7 | 2.847 | 11 | 2.400 | 6 | 10.460 | 26 | 15.707 | 25 | 18.485 | 53 | 17.134 | 31 | 3.28%
|
475 | 0.765 | 4 | 3.510 | 14 | 2.610 | 6 | 2.848 | 9 | 8.968 | 17 | 9.733 | 33 | 9.733 | 21 | 1.87%
|
500 bps and upward | 17.043 | 74 | 24.676 | 106 | 33.734 | 114 | 25.463 | 107 | 83.874 | 139 | 108.700 | 441 | 100.916 | 172 | 17.51%
|
Fixed rate | 0.641 | 6 | 0.983 | 5 | 0.993 | 3 | 0.759 | 6 | 2.735 | 10 | 4.048 | 25 | 3.376 | 14 | 0.57%
|
NA | 40.198 | 136 | 39.517 | 148 | 44.047 | 150 | 62.419 | 208 | 145.982 | 394 | 204.105 | 685 | 186.181 | 507 | 30.48%
|
Other | 0 | 0 | 0.675 | 2 | 0.250 | 2 | 0.080 | 1 | 1.005 | 2 | 1.005 | 5 | 1.005 | 2 | 0.21%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 100.00%
|
|
|
Upsized? |
|
|
|
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Yes | 2.550 | 6.964 | 5.815 | 2.575 | 4.872 | 1.540 | 3.600 | 6.190 | 4.545 | 1.752 | 3.370 | 6.170 | 16.217 |
|
No | 42.794 | 27.518 | 25.827 | 32.337 | 33.585 | 52.497 | 54.162 | 40.711 | 48.390 | 31.808 | 43.235 | 36.825 | 74.500 |
|
Downsized | 1.581 | 0.134 | 1.013 | 2.288 | 1.595 | 0.250 | 0.835 | 3.397 | 2.045 | 0 | 3.470 | 0.335 | 3.015 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 15.354 | 26 | 10.012 | 23 | 12.488 | 27 | 25.757 | 32 | 48.257 | 39 | 66.161 | 113 | 63.611 | 52 | 10.08%
|
No | 85.681 | 317 | 140.244 | 453 | 120.909 | 389 | 154.559 | 483 | 415.711 | 882 | 544.187 | 1765 | 501.393 | 1124 | 86.80%
|
Downsized | 3.435 | 13 | 2.680 | 9 | 5.441 | 17 | 6.820 | 13 | 14.941 | 18 | 19.957 | 56 | 18.377 | 23 | 3.12%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 100.00%
|
|
|
Flex? |
|
|
|
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Down | 1.040 | 0.640 | 4.995 | 0.212 | 6.849 | 5.895 | 2.649 | 1.480 | 0.595 | 2.155 | 4.700 | 1.815 | 12.477 |
|
No | 43.544 | 33.466 | 27.160 | 36.617 | 33.203 | 48.392 | 53.548 | 41.828 | 49.685 | 30.738 | 43.442 | 40.740 | 80.765 |
|
Up | 2.341 | 0.510 | 0.500 | 0.370 | 0 | 0 | 2.400 | 6.989 | 4.700 | 0.667 | 1.933 | 0.775 | 0.490 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Down | 5.847 | 16 | 15.393 | 33 | 4.230 | 15 | 18.992 | 31 | 38.615 | 34 | 45.502 | 97 | 44.462 | 40 | 8.06%
|
No | 97.243 | 332 | 135.143 | 449 | 122.251 | 388 | 164.946 | 485 | 422.340 | 891 | 563.127 | 1776 | 519.583 | 1143 | 88.19%
|
Up | 1.380 | 8 | 2.400 | 3 | 12.357 | 30 | 3.198 | 12 | 17.954 | 14 | 21.675 | 61 | 19.334 | 16 | 3.75%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 100.00%
|
|
|
Type |
|
|
|
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Revolver | 25.292 | 22.140 | 14.723 | 22.882 | 15.310 | 20.567 | 22.119 | 19.120 | 23.620 | 14.738 | 17.200 | 20.967 | 19.584 |
|
TLA | 2.625 | 1.400 | 1.857 | 2.946 | 3.372 | 3.975 | 3.390 | 4.275 | 2.325 | 0.700 | 7.445 | 3.272 | 4.809 |
|
Term | 13.211 | 5.552 | 7.182 | 5.838 | 10.409 | 12.786 | 9.205 | 9.614 | 16.530 | 12.012 | 13.900 | 11.870 | 39.401 |
|
Institutional | 4.625 | 4.424 | 8.592 | 5.357 | 9.755 | 15.114 | 21.090 | 15.930 | 10.005 | 4.715 | 11.020 | 6.881 | 27.713 |
|
Second/third/junior lien | 1.125 | 0.300 | 0.235 | 0.177 | 0.495 | 0.730 | 2.330 | 0.658 | 1.920 | 0.530 | 0.385 | 0.300 | 2.205 |
|
Delayed draw | 0.046 | 0.800 | 0.065 | 0 | 0.710 | 1.115 | 0.462 | 0.700 | 0.580 | 0.865 | 0.125 | 0.040 | 0.020 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Revolver | 59.745 | 215 | 57.996 | 222 | 57.478 | 224 | 57.750 | 227 | 173.224 | 604 | 258.261 | 965 | 232.969 | 806 | 36.17%
|
TLA | 6.204 | 19 | 10.738 | 24 | 7.300 | 20 | 15.527 | 26 | 33.564 | 21 | 42.393 | 92 | 39.768 | 29 | 7.01%
|
Term | 18.572 | 72 | 32.401 | 121 | 38.157 | 99 | 65.171 | 178 | 135.729 | 207 | 167.512 | 501 | 154.301 | 244 | 28.34%
|
Institutional | 18.373 | 35 | 45.959 | 94 | 30.649 | 58 | 45.614 | 76 | 122.223 | 100 | 145.221 | 272 | 140.596 | 111 | 25.52%
|
Second/third/junior lien | 0.712 | 11 | 3.555 | 15 | 3.108 | 21 | 2.890 | 17 | 9.553 | 4 | 11.390 | 75 | 10.265 | 5 | 1.99%
|
Delayed draw | 0.865 | 4 | 2.287 | 9 | 2.145 | 11 | 0.185 | 4 | 4.617 | 7 | 5.528 | 29 | 5.482 | 8 | 0.96%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 100.00%
|
|
|
Moody's Rating |
|
|
|
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Baa2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.000 | 0 |
|
Baa3 | 0 | 0 | 0 | 0 | 0.350 | 0 | 0 | 0 | 0 | 0.400 | 0.900 | 0.750 | 0 |
|
Ba1 | 2.865 | 1.600 | 0.530 | 0 | 1.250 | 1.450 | 6.375 | 1.960 | 1.087 | 0 | 0 | 0 | 1.300 |
|
Ba2 | 0 | 2.855 | 2.100 | 0 | 2.422 | 10.680 | 3.275 | 0.235 | 3.090 | 3.245 | 5.015 | 5.365 | 0.900 |
|
Ba3 | 2.140 | 2.289 | 5.945 | 2.416 | 5.710 | 4.817 | 10.120 | 3.042 | 5.980 | 1.850 | 5.135 | 6.615 | 4.229 |
|
B1 | 2.715 | 0.895 | 2.065 | 2.315 | 4.304 | 6.254 | 7.608 | 11.735 | 1.160 | 6.912 | 8.305 | 1.215 | 12.333 |
|
B2 | 0.845 | 1.060 | 1.905 | 0.775 | 0.845 | 2.330 | 2.770 | 0.840 | 2.675 | 0.435 | 1.325 | 0 | 6.665 |
|
B3 | 0.200 | 0 | 0.175 | 0.100 | 1.583 | 0.450 | 0.475 | 0 | 1.310 | 0.375 | 0.200 | 0 | 1.300 |
|
Caa1 | 0.350 | 0.075 | 0.075 | 0.062 | 0.320 | 0.615 | 0.985 | 0.387 | 0.965 | 0.780 | 0.365 | 0 | 0.965 |
|
Caa2 | 0.100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.115 | 0 | 0 | 0 | 0.410 |
|
NR | 37.709 | 25.841 | 19.860 | 31.532 | 23.268 | 27.691 | 26.989 | 32.098 | 38.597 | 19.563 | 28.830 | 28.385 | 65.630 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Baa2 | 0 | 0 | 0 | 0 | 0 | 0 | 1.000 | 1 | 1.000 | 1 | 1.000 | 1 | 1.000 | 1 | 0.21%
|
Baa3 | 0 | 0 | 0.350 | 2 | 0.400 | 1 | 1.650 | 3 | 2.400 | 4 | 2.400 | 6 | 2.400 | 4 | 0.50%
|
Ba1 | 2.130 | 6 | 9.075 | 18 | 3.047 | 7 | 1.300 | 1 | 13.422 | 16 | 18.417 | 38 | 15.552 | 19 | 2.80%
|
Ba2 | 4.955 | 9 | 16.377 | 31 | 6.570 | 17 | 11.280 | 22 | 34.227 | 42 | 39.182 | 79 | 39.182 | 45 | 7.15%
|
Ba3 | 10.650 | 27 | 20.648 | 36 | 10.873 | 39 | 15.979 | 40 | 47.499 | 57 | 60.289 | 149 | 58.149 | 72 | 9.92%
|
B1 | 5.276 | 20 | 18.166 | 64 | 19.808 | 53 | 21.853 | 55 | 59.826 | 101 | 67.817 | 202 | 65.102 | 111 | 12.49%
|
B2 | 3.740 | 17 | 5.945 | 21 | 3.950 | 15 | 7.990 | 26 | 17.885 | 34 | 22.470 | 84 | 21.625 | 44 | 3.73%
|
B3 | 0.275 | 2 | 2.507 | 13 | 1.685 | 5 | 1.500 | 3 | 5.693 | 11 | 6.168 | 24 | 5.968 | 12 | 1.19%
|
Caa1 | 0.212 | 3 | 1.920 | 10 | 2.132 | 15 | 1.330 | 7 | 5.382 | 6 | 5.944 | 36 | 5.594 | 6 | 1.12%
|
Caa2 | 0 | 0 | 0 | 0 | 0.115 | 1 | 0.410 | 3 | 0.525 | 1 | 0.625 | 5 | 0.525 | 1 | 0.11%
|
NR | 77.233 | 272 | 77.948 | 290 | 90.258 | 280 | 122.845 | 367 | 291.051 | 667 | 405.993 | 1310 | 368.284 | 885 | 60.77%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 100.00%
|
|
|
Use of Proceeds |
|
|
|
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Acquisition | 8.335 | 4.258 | 4.970 | 3.231 | 1.170 | 1.570 | 3.829 | 9.078 | 6.462 | 8.535 | 6.490 | 7.973 | 11.630 |
|
Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.330 | 0 | 0 |
|
Dividend/recap | 0.096 | 0.134 | 0.150 | 0.980 | 0.430 | 5.287 | 5.060 | 4.381 | 1.281 | 0.800 | 5.309 | 2.580 | 7.075 |
|
Exit financing | 0 | 0 | 0 | 0 | 0.904 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
GCP | 2.875 | 6.237 | 3.150 | 3.464 | 5.710 | 3.427 | 2.998 | 1.806 | 4.555 | 2.920 | 4.185 | 7.205 | 2.167 |
|
LBO | 8.681 | 4.949 | 4.897 | 5.187 | 3.973 | 0.840 | 0.595 | 3.640 | 5.280 | 3.752 | 5.218 | 0.900 | 6.780 |
|
Refinance | 8.772 | 3.433 | 8.360 | 7.710 | 15.440 | 20.515 | 34.732 | 19.748 | 16.169 | 4.960 | 14.630 | 7.098 | 35.003 |
|
Multiple/Other/NA | 18.166 | 15.605 | 11.127 | 16.628 | 12.425 | 22.648 | 11.383 | 11.643 | 21.232 | 12.593 | 13.912 | 17.574 | 31.077 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Acquisition | 12.459 | 28 | 6.569 | 25 | 24.075 | 32 | 26.093 | 32 | 56.736 | 88 | 77.531 | 125 | 69.195 | 116 | 11.85%
|
Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0.330 | 1 | 0.330 | 1 | 0.330 | 1 | 0.330 | 1 | 0.07%
|
Dividend/recap | 1.264 | 4 | 10.777 | 27 | 6.463 | 15 | 14.964 | 25 | 32.203 | 67 | 33.563 | 72 | 33.467 | 71 | 6.72%
|
Exit financing | 0 | 0 | 0.904 | 1 | 0 | 0 | 0 | 0 | 0.904 | 1 | 0.904 | 1 | 0.904 | 1 | 0.19%
|
GCP | 12.851 | 40 | 12.135 | 32 | 9.281 | 22 | 13.557 | 28 | 34.974 | 82 | 50.700 | 131 | 47.825 | 122 | 7.30%
|
LBO | 15.034 | 27 | 5.408 | 20 | 12.672 | 23 | 12.898 | 25 | 30.978 | 68 | 54.693 | 106 | 46.012 | 95 | 6.47%
|
Refinance | 19.503 | 38 | 70.687 | 108 | 40.878 | 72 | 56.732 | 96 | 168.297 | 276 | 196.571 | 330 | 187.799 | 314 | 35.14%
|
Multiple/Other/NA | 43.360 | 123 | 46.456 | 110 | 45.468 | 120 | 62.563 | 125 | 154.487 | 355 | 216.013 | 513 | 197.847 | 478 | 32.26%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 100.00%
|
|
|
Industry Sector (by SIC code) |
|
|
|
| 9/2011 | 10/2011 | 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 |
|
Agriculture (0xxx) | 0 | 0 | 0.100 | 0 | 0 | 0 | 0 | 0 | 0.539 | 0.480 | 0 | 0 | 0 |
|
Mining (1xxx) | 0 | 1.100 | 0 | 1.000 | 0.525 | 0.170 | 0.560 | 0.200 | 3.637 | 0 | 0.802 | 0.260 | 0.170 |
|
Oil and gas (13xx) | 3.268 | 3.325 | 1.375 | 3.575 | 2.100 | 3.905 | 1.188 | 4.575 | 6.126 | 2.210 | 2.940 | 2.118 | 9.772 |
|
Construction (15xx) | 0.500 | 0 | 0.750 | 0 | 0.140 | 0 | 0.075 | 0 | 0.410 | 0.175 | 0 | 1.160 | 1.050 |
|
Manufacturing (2xxx, 3xxx) | 13.972 | 12.120 | 7.950 | 8.865 | 17.297 | 16.390 | 15.163 | 13.716 | 19.005 | 10.716 | 6.786 | 13.994 | 21.787 |
|
Transportation (4xxx) | 0.425 | 0 | 1.210 | 1.374 | 0.740 | 3.077 | 0 | 0.175 | 0.150 | 1.640 | 2.035 | 3.664 | 1.861 |
|
Communications (48xx) | 1.008 | 1.684 | 5.641 | 1.313 | 3.850 | 1.080 | 7.769 | 4.791 | 2.356 | 4.325 | 5.275 | 2.072 | 11.285 |
|
Electric, gas, sanitary services (49xx) | 0 | 2.695 | 0 | 0.922 | 2.145 | 3.085 | 2.700 | 1.840 | 3.865 | 2.675 | 4.189 | 1.400 | 6.465 |
|
Wholesale (5xxx) | 8.650 | 3.110 | 2.377 | 6.850 | 3.289 | 7.260 | 8.075 | 11.425 | 2.780 | 4.455 | 9.864 | 2.487 | 12.648 |
|
Finance, insurance, real estate (6xxx) | 2.915 | 4.362 | 2.247 | 5.580 | 3.820 | 3.740 | 4.275 | 2.925 | 7.193 | 1.630 | 3.550 | 3.204 | 11.174 |
|
Services (7xxx) | 12.822 | 4.960 | 6.255 | 5.270 | 5.869 | 13.234 | 14.630 | 9.425 | 5.913 | 2.205 | 9.709 | 8.403 | 14.788 |
|
Health services (8xxx) | 3.365 | 1.260 | 4.750 | 2.450 | 0.277 | 2.347 | 4.161 | 1.226 | 3.005 | 3.050 | 4.925 | 4.567 | 2.731 |
|
Total | 46.925 | 34.616 | 32.655 | 37.200 | 40.052 | 54.287 | 58.597 | 50.297 | 54.980 | 33.560 | 50.075 | 43.330 | 93.732 |
|
|
|
| Q4/2011 | Count | Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Agriculture (0xxx) | 0.100 | 1 | 0 | 0 | 1.019 | 2 | 0 | 0 | 1.019 | 2 | 1.119 | 3 | 1.119 | 3 | 0.21%
|
Mining (1xxx) | 2.100 | 6 | 1.255 | 7 | 3.837 | 6 | 1.232 | 3 | 6.324 | 16 | 8.424 | 22 | 8.424 | 22 | 1.32%
|
Oil and gas (13xx) | 8.275 | 16 | 7.193 | 15 | 12.911 | 16 | 14.830 | 13 | 34.934 | 44 | 46.476 | 67 | 43.209 | 60 | 7.29%
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Construction (15xx) | 0.750 | 1 | 0.215 | 2 | 0.585 | 2 | 2.210 | 7 | 3.010 | 11 | 4.260 | 13 | 3.760 | 12 | 0.63%
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Manufacturing (2xxx, 3xxx) | 28.935 | 72 | 48.849 | 100 | 43.437 | 97 | 42.568 | 78 | 134.854 | 275 | 177.760 | 369 | 163.789 | 347 | 28.16%
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Transportation (4xxx) | 2.584 | 9 | 3.817 | 7 | 1.965 | 7 | 7.561 | 15 | 13.343 | 29 | 16.352 | 40 | 15.927 | 38 | 2.79%
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Communications (48xx) | 8.638 | 23 | 12.699 | 13 | 11.472 | 17 | 18.632 | 24 | 42.803 | 54 | 52.449 | 80 | 51.441 | 77 | 8.94%
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Electric, gas, sanitary services (49xx) | 3.617 | 5 | 7.930 | 12 | 8.380 | 14 | 12.054 | 12 | 28.364 | 38 | 31.981 | 43 | 31.981 | 43 | 5.92%
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Wholesale (5xxx) | 12.338 | 33 | 18.625 | 37 | 18.660 | 30 | 24.999 | 45 | 62.283 | 112 | 83.271 | 158 | 74.621 | 145 | 13.01%
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Finance, insurance, real estate (6xxx) | 12.190 | 34 | 11.835 | 41 | 11.748 | 26 | 17.928 | 45 | 41.511 | 112 | 56.615 | 155 | 53.700 | 146 | 8.67%
|
Services (7xxx) | 16.485 | 47 | 33.734 | 66 | 17.543 | 47 | 32.900 | 70 | 84.177 | 182 | 113.483 | 250 | 100.661 | 229 | 17.58%
|
Health services (8xxx) | 8.460 | 13 | 6.785 | 23 | 7.282 | 20 | 12.223 | 20 | 26.290 | 63 | 38.115 | 79 | 34.750 | 76 | 5.49%
|
Total | 104.471 | 260 | 152.936 | 323 | 138.838 | 283 | 187.136 | 332 | 478.910 | 938 | 630.305 | 1279 | 583.380 | 1198 | 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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