• Leveraged loan issuance totals $624.18 billion year to date
By Sara Rosenberg
New York, Nov. 30 - Bank of America took the top spot on the leveraged loans league tables for November, bringing $8.04 billion in 30 deals, according to data compiled by Prospect News.
In second place was JPMorgan with $5.99 billion in 23 deals, and in third was Credit Suisse with $5.66 billion in 23 deals.
November saw a total of $59.98 billion of leveraged loans come to market, compared to $83.88 billion in October and $32.66 billion in November 2011.
Year to date, JPMorgan is in first place, with $87.35 billion in 284 deals, Bank of America is in second place with $85.07 billion in 345 deals and Credit Suisse is in third place with $49.91 billion in 181 deals.
Year-to-date volume totals $624.18 billion, versus $632.5 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 | 87.352 | 284 | 13.99% | 2 | 105.258 | 296 | 16.64%
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| 2 | Bank of America | 85.065 | 345 | 13.63% | 1 | 111.208 | 364 | 17.58%
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| 3 | Credit Suisse | 49.911 | 181 | 8.00% | 4 | 35.894 | 119 | 5.67%
|
| 4 | Wells Fargo | 45.833 | 213 | 7.34% | 3 | 49.236 | 221 | 7.78%
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| 5 | Barclays | 39.426 | 179 | 6.32% | 5 | 32.611 | 107 | 5.16%
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| 6 | Deutsche Bank | 32.049 | 153 | 5.13% | 6 | 29.980 | 100 | 4.74%
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| 7 | Morgan Stanley | 31.985 | 141 | 5.12% | 8 | 26.108 | 76 | 4.13%
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| 8 | Citigroup | 29.637 | 144 | 4.75% | 7 | 28.754 | 96 | 4.55%
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| 9 | Goldman Sachs | 28.991 | 132 | 4.64% | 10 | 21.892 | 69 | 3.46%
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| 10 | RBC | 24.968 | 132 | 4.00% | 12 | 14.652 | 65 | 2.32%
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| Total | 624.175 | 1228 | 632.497 | 1151 |
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| Average size: | 0.508 | 0.550 |
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| November |
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| | | | | 2011 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | Bank of America | 8.039 | 30 | 13.40% | 4 | 2.814 | 21 | 8.62%
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| 2 | JPMorgan | 5.987 | 23 | 9.98% | 2 | 3.933 | 20 | 12.04%
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| 3 | Credit Suisse | 5.658 | 23 | 9.43% | 8 | 1.702 | 8 | 5.21%
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| 4 | Wells Fargo | 5.588 | 24 | 9.32% | 1 | 4.837 | 27 | 14.81%
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| 5 | Barclays | 5.221 | 29 | 8.71% | 6 | 1.829 | 9 | 5.60%
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| 6 | Goldman Sachs | 3.908 | 16 | 6.52% | 9 | 1.125 | 7 | 3.44%
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| 7 | RBC | 3.877 | 15 | 6.46% | 11 | 0.974 | 6 | 2.98%
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| 8 | Morgan Stanley | 3.319 | 19 | 5.53% | 19 | 0.314 | 4 | 0.96%
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| 9 | Citigroup | 3.087 | 18 | 5.15% | 13 | 0.945 | 4 | 2.89%
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| 10 | GECC | 1.751 | 10 | 2.92% | 16 | 0.534 | 7 | 1.63%
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| Total | 59.977 | 121 | 32.655 | 88 |
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| Average size: | 0.496 | 0.371 |
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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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