• Leveraged loan issuance totals $566.63 billion year to date
By Sara Rosenberg
New York, Nov. 1 - Credit Suisse was the number one arranger on the leveraged loans league tables for October, bringing $11.84 billion in 35 deals, according to data compiled by Prospect News.
In second place was Bank of America with $10.28 billion in 48 deals, and in third was JPMorgan with $8.89 billion in 29 deals.
October saw a total of $83.88 billion of leveraged loans come to market, compared to $88.11 billion in September and $36.62 billion in October 2011.
Year to date, JPMorgan is in first place, with $81.83 billion in 259 deals, Bank of America is in second place with $77.27 billion in 313 deals and Credit Suisse is in third place with $46.35 billion in 161 deals.
Year-to-date volume totals $566.63 billion, versus $599.92 billion in the comparable time 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
2011 Comparables
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | JPMorgan | 81.827 | 259 | 14.44% | 2 | 101.325 | 276 | 16.89%
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| 2 | Bank of America | 77.267 | 313 | 13.64% | 1 | 108.377 | 343 | 18.07%
|
| 3 | Credit Suisse | 46.352 | 161 | 8.18% | 4 | 34.175 | 111 | 5.70%
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| 4 | Wells Fargo | 40.180 | 188 | 7.09% | 3 | 44.399 | 194 | 7.40%
|
| 5 | Barclays | 34.326 | 149 | 6.06% | 5 | 30.765 | 98 | 5.13%
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| 6 | Deutsche Bank | 30.733 | 143 | 5.42% | 7 | 27.658 | 91 | 4.61%
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| 7 | Morgan Stanley | 28.729 | 122 | 5.07% | 8 | 25.795 | 72 | 4.30%
|
| 8 | Citigroup | 26.546 | 125 | 4.68% | 6 | 27.809 | 92 | 4.64%
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| 9 | Goldman Sachs | 25.203 | 116 | 4.45% | 10 | 20.767 | 62 | 3.46%
|
| 10 | RBC | 21.284 | 118 | 3.76% | 13 | 13.778 | 59 | 2.30%
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| Total | 566.630 | 1107 | 599.917 | 1062 |
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| Average size: | 0.512 | 0.565 |
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| October |
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| | | | | 2011 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | Credit Suisse | 11.835 | 35 | 14.11% | 7 | 1.221 | 6 | 3.34%
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| 2 | Bank of America | 10.280 | 48 | 12.26% | 1 | 9.598 | 27 | 26.21%
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| 3 | JPMorgan | 8.885 | 29 | 10.59% | 4 | 4.256 | 20 | 11.62%
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| 4 | Morgan Stanley | 5.973 | 26 | 7.12% | 5 | 1.604 | 5 | 4.38%
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| 5 | Deutsche Bank | 5.855 | 26 | 6.98% | 13 | 0.512 | 5 | 1.40%
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| 6 | Barclays | 5.170 | 27 | 6.16% | 8 | 1.202 | 6 | 3.28%
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| 7 | UBS | 4.657 | 23 | 5.55% | 22 | 0.167 | 1 | 0.46%
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| 8 | RBC | 4.286 | 25 | 5.11% | 6 | 1.381 | 5 | 3.77%
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| 9 | Goldman Sachs | 3.659 | 17 | 4.36% | 12 | 0.587 | 2 | 1.60%
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| 10 | Wells Fargo | 2.994 | 17 | 3.57% | 3 | 4.502 | 21 | 12.30%
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| Total | 83.878 | 157 | 36.616 | 79 |
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| Average size: | 0.534 | 0.463 |
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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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