Columns are amount in billions of dollars, count of deals, percentage of total in dollars.
Rate (L+)
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Below 150 bps | 0 | 0 | 0 | 0.275 | 0 | 0 | 0 | 0.100 | 0 | 0 | 0 | 0 | 0 |
|
150 | 1.250 | 1.485 | 0.275 | 0.725 | 2.630 | 1.860 | 1.155 | 3.080 | 0.350 | 3.460 | 1.425 | 0.150 | 0.500 |
|
175 | 0 | 6.862 | 2.240 | 1.375 | 3.108 | 2.300 | 2.405 | 1.960 | 2.230 | 2.485 | 1.175 | 3.620 | 1.420 |
|
200 | 0.460 | 0.530 | 1.145 | 0.875 | 6.280 | 5.900 | 1.350 | 0 | 0.650 | 0.080 | 1.760 | 4.230 | 3.200 |
|
225 | 2.033 | 1.125 | 3.112 | 5.425 | 3.090 | 2.445 | 2.875 | 0.515 | 0.785 | 0.180 | 1.680 | 0 | 0.400 |
|
250 | 0.998 | 0.527 | 1.640 | 2.000 | 0.985 | 0.635 | 0.973 | 1.620 | 2.680 | 4.175 | 5.100 | 0.225 | 0.120 |
|
275 | 2.425 | 2.644 | 1.530 | 0.550 | 1.075 | 1.345 | 0.425 | 0.150 | 1.225 | 0.230 | 5.363 | 2.639 | 1.676 |
|
300 | 1.923 | 0.570 | 2.520 | 8.590 | 4.270 | 0.250 | 0.075 | 0.650 | 2.885 | 2.150 | 3.751 | 0.985 | 2.333 |
|
325 | 1.160 | 1.505 | 1.700 | 2.192 | 2.377 | 0.175 | 0.950 | 0.630 | 1.395 | 2.165 | 9.333 | 3.486 | 0.633 |
|
350 | 2.975 | 0 | 1.970 | 0 | 1.344 | 1.275 | 0 | 0.300 | 6.875 | 1.754 | 5.360 | 3.612 | 2.300 |
|
375 | 0.075 | 0.310 | 0.295 | 2.009 | 2.525 | 2.995 | 3.250 | 0.756 | 1.165 | 0.675 | 10.192 | 2.883 | 1.778 |
|
400 | 0.300 | 0.150 | 0.660 | 4.598 | 4.470 | 1.125 | 1.410 | 0.416 | 0.680 | 0.745 | 7.033 | 4.305 | 1.790 |
|
425 | 1.775 | 0 | 1.150 | 1.123 | 0.600 | 4.275 | 3.869 | 1.794 | 2.065 | 0 | 1.595 | 12.220 | 1.095 |
|
450 | 0.200 | 1.025 | 0.817 | 0.610 | 1.420 | 0.060 | 2.340 | 0 | 3.330 | 2.942 | 6.995 | 3.203 | 4.884 |
|
475 | 0 | 0.125 | 0.515 | 1.855 | 1.140 | 1.510 | 0.400 | 0.700 | 0.418 | 0.025 | 3.015 | 1.880 | 3.424 |
|
500 bps and upward | 5.800 | 5.784 | 6.509 | 5.681 | 12.486 | 10.139 | 14.783 | 8.812 | 8.669 | 6.160 | 10.279 | 14.910 | 7.829 |
|
Fixed rate | 0.161 | 0.310 | 0.375 | 0.300 | 0.308 | 0.203 | 0.790 | 0 | 0.080 | 0.429 | 0.250 | 0 | 0.075 |
|
NA | 11.122 | 14.248 | 13.599 | 16.104 | 9.813 | 13.806 | 18.479 | 12.312 | 14.368 | 15.675 | 22.838 | 23.643 | 27.811 |
|
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.550 |
|
Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
|
|
|
| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Below 150 bps | 0.275 | 1 | 0.100 | 1 | 0 | 0 | 0 | 0 | 0.375 | 2 | 0.375 | 2 | 0.375 | 2 | 0.06%
|
150 | 3.630 | 10 | 6.095 | 16 | 5.235 | 10 | 0.650 | 3 | 15.610 | 36 | 18.345 | 47 | 17.095 | 39 | 2.49%
|
175 | 6.723 | 17 | 6.665 | 19 | 5.890 | 19 | 5.040 | 16 | 24.318 | 57 | 31.180 | 84 | 31.180 | 69 | 3.88%
|
200 | 8.300 | 25 | 7.250 | 13 | 2.490 | 11 | 7.430 | 18 | 25.471 | 48 | 26.460 | 74 | 26.000 | 52 | 4.07%
|
225 | 11.627 | 28 | 5.835 | 14 | 2.645 | 10 | 0.400 | 1 | 20.507 | 37 | 23.665 | 62 | 21.632 | 40 | 3.28%
|
250 | 4.625 | 8 | 3.228 | 17 | 11.955 | 15 | 0.345 | 4 | 20.153 | 29 | 21.678 | 53 | 20.680 | 33 | 3.22%
|
275 | 3.155 | 16 | 1.920 | 7 | 6.818 | 13 | 4.315 | 10 | 16.208 | 27 | 21.277 | 58 | 18.852 | 32 | 2.59%
|
300 | 15.380 | 31 | 0.975 | 6 | 8.786 | 21 | 3.317 | 11 | 28.459 | 41 | 30.951 | 79 | 29.029 | 44 | 4.55%
|
325 | 6.269 | 15 | 1.755 | 8 | 12.893 | 18 | 4.119 | 11 | 25.037 | 31 | 27.701 | 58 | 26.541 | 32 | 4.00%
|
12/1900 | 3.314 | 7 | 1.575 | 3 | 13.989 | 21 | 5.912 | 13 | 24.790 | 30 | 27.765 | 50 | 24.790 | 30 | 3.96%
|
375 | 4.829 | 12 | 7.001 | 15 | 12.032 | 26 | 4.660 | 18 | 28.523 | 39 | 28.908 | 74 | 28.833 | 41 | 4.56%
|
400 | 9.727 | 23 | 2.951 | 14 | 8.458 | 17 | 6.095 | 14 | 27.232 | 44 | 27.681 | 71 | 27.381 | 45 | 4.35%
|
425 | 2.873 | 6 | 9.938 | 21 | 3.660 | 10 | 13.316 | 14 | 29.786 | 24 | 31.561 | 56 | 29.786 | 24 | 4.76%
|
450 | 2.847 | 11 | 2.400 | 6 | 13.267 | 31 | 8.087 | 23 | 26.601 | 38 | 27.826 | 75 | 27.626 | 40 | 4.25%
|
475 | 3.510 | 14 | 2.610 | 6 | 3.458 | 11 | 5.303 | 15 | 14.882 | 26 | 15.007 | 47 | 15.007 | 27 | 2.38%
|
500 bps and upward | 24.676 | 106 | 33.734 | 114 | 25.107 | 108 | 22.739 | 102 | 106.257 | 172 | 117.840 | 485 | 112.040 | 186 | 16.97%
|
Fixed rate | 0.983 | 5 | 0.993 | 3 | 0.759 | 6 | 0.075 | 1 | 2.810 | 11 | 3.281 | 19 | 3.120 | 13 | 0.45%
|
NA | 39.517 | 148 | 44.597 | 151 | 52.881 | 194 | 51.455 | 204 | 188.449 | 543 | 213.818 | 790 | 202.697 | 580 | 30.10%
|
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0.550 | 1 | 0.550 | 1 | 0.550 | 1 | 0.550 | 1 | 0.09%
|
Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 100.00%
|
|
|
Upsized? |
|
|
|
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Yes | 5.815 | 2.575 | 4.872 | 1.540 | 3.600 | 6.190 | 4.545 | 1.752 | 3.370 | 6.170 | 19.517 | 17.695 | 1.784 |
|
No | 25.827 | 32.337 | 33.585 | 52.497 | 53.487 | 40.711 | 48.940 | 32.043 | 43.010 | 36.825 | 73.837 | 60.711 | 59.383 |
|
Downsized | 1.013 | 2.288 | 1.595 | 0.250 | 0.835 | 3.397 | 2.045 | 0 | 3.470 | 0.335 | 3.790 | 3.585 | 0.650 |
|
Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
|
|
|
| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 10.012 | 23 | 12.488 | 27 | 29.057 | 44 | 19.479 | 27 | 71.036 | 55 | 79.426 | 136 | 73.611 | 57 | 11.35%
|
No | 139.569 | 451 | 121.694 | 390 | 153.671 | 479 | 120.094 | 436 | 535.028 | 1150 | 593.191 | 1979 | 567.364 | 1241 | 85.47%
|
Downsized | 2.680 | 9 | 5.441 | 17 | 7.595 | 18 | 4.235 | 16 | 19.951 | 28 | 23.253 | 70 | 22.239 | 29 | 3.19%
|
Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 100.00%
|
|
|
Flex? |
|
|
|
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Down | 4.995 | 0.212 | 6.849 | 5.895 | 2.649 | 1.480 | 0.595 | 2.155 | 4.700 | 1.815 | 14.589 | 9.115 | 0.350 |
|
No | 27.160 | 36.617 | 33.203 | 48.392 | 53.048 | 41.828 | 50.235 | 30.973 | 43.217 | 40.740 | 81.775 | 67.211 | 60.017 |
|
Up | 0.500 | 0.370 | 0 | 0 | 2.225 | 6.989 | 4.700 | 0.667 | 1.933 | 0.775 | 0.780 | 5.665 | 1.450 |
|
Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
|
|
|
| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Down | 15.393 | 33 | 4.230 | 15 | 21.104 | 39 | 9.465 | 12 | 50.193 | 38 | 55.400 | 113 | 50.404 | 40 | 8.02%
|
No | 134.643 | 448 | 123.036 | 389 | 165.731 | 488 | 127.228 | 446 | 550.638 | 1172 | 614.416 | 2000 | 587.256 | 1263 | 87.96%
|
Up | 2.225 | 2 | 12.357 | 30 | 3.488 | 14 | 7.115 | 21 | 25.184 | 23 | 26.055 | 72 | 25.555 | 24 | 4.02%
|
Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 100.00%
|
|
|
Type |
|
|
|
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Revolver | 14.723 | 22.882 | 15.310 | 20.567 | 22.119 | 19.120 | 24.170 | 14.938 | 17.200 | 20.967 | 20.929 | 22.944 | 15.915 |
|
TLA | 1.857 | 2.946 | 3.372 | 3.975 | 2.890 | 4.275 | 2.325 | 0.700 | 7.445 | 1.397 | 4.859 | 4.760 | 2.140 |
|
Term | 7.182 | 5.838 | 10.409 | 12.786 | 9.205 | 9.614 | 16.530 | 12.047 | 13.675 | 13.745 | 40.744 | 33.323 | 24.241 |
|
Institutional | 8.592 | 5.357 | 9.755 | 15.114 | 20.915 | 15.930 | 10.005 | 4.715 | 11.020 | 6.881 | 28.392 | 14.967 | 15.856 |
|
Second/third/junior lien | 0.235 | 0.177 | 0.495 | 0.730 | 2.330 | 0.658 | 1.920 | 0.530 | 0.385 | 0.300 | 2.175 | 4.295 | 3.257 |
|
Delayed draw | 0.065 | 0 | 0.710 | 1.115 | 0.462 | 0.700 | 0.580 | 0.865 | 0.125 | 0.040 | 0.045 | 1.702 | 0.155 |
|
LoC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.253 |
|
Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
|
|
|
| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Revolver | 57.996 | 222 | 58.228 | 224 | 59.095 | 236 | 38.859 | 191 | 214.178 | 793 | 251.783 | 1019 | 237.060 | 863 | 34.21%
|
TLA | 10.238 | 23 | 7.300 | 20 | 13.701 | 25 | 6.899 | 14 | 38.139 | 25 | 42.942 | 97 | 41.085 | 30 | 6.09%
|
Term | 32.401 | 121 | 38.192 | 100 | 68.164 | 181 | 57.564 | 148 | 196.321 | 275 | 209.340 | 600 | 202.159 | 288 | 31.36%
|
Institutional | 45.785 | 93 | 30.649 | 58 | 46.293 | 77 | 30.823 | 70 | 153.550 | 126 | 167.500 | 326 | 158.907 | 132 | 24.53%
|
Second/third/junior lien | 3.555 | 15 | 3.108 | 21 | 2.860 | 17 | 7.552 | 41 | 17.075 | 8 | 17.487 | 101 | 17.252 | 8 | 2.73%
|
Delayed draw | 2.287 | 9 | 2.145 | 11 | 0.210 | 5 | 1.857 | 10 | 6.499 | 8 | 6.564 | 37 | 6.499 | 8 | 1.04%
|
LoC | 0 | 0 | 0 | 0 | 0 | 0 | 0.253 | 5 | 0.253 | 2 | 0.253 | 5 | 0.253 | 2 | 0.04%
|
Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 100.00%
|
|
|
Moody's Rating |
|
|
|
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Baa2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.000 | 0 | 0 | 0 |
|
Baa3 | 0 | 0 | 0.350 | 0 | 0 | 0 | 0 | 0.400 | 0.900 | 0.750 | 0 | 3.200 | 0 |
|
Ba1 | 0.530 | 0 | 1.250 | 1.450 | 6.375 | 1.960 | 1.087 | 0 | 0 | 0 | 7.300 | 8.955 | 4.434 |
|
Ba2 | 2.100 | 0 | 2.422 | 10.680 | 3.275 | 0.235 | 3.090 | 3.245 | 5.015 | 5.365 | 0.900 | 3.541 | 0.703 |
|
Ba3 | 5.945 | 2.416 | 5.710 | 4.817 | 9.445 | 3.042 | 5.980 | 1.850 | 5.135 | 6.615 | 6.854 | 5.125 | 8.928 |
|
B1 | 2.065 | 2.315 | 4.304 | 6.254 | 7.608 | 11.735 | 1.160 | 6.912 | 8.305 | 1.215 | 14.802 | 7.407 | 7.445 |
|
B2 | 1.905 | 0.775 | 0.845 | 2.330 | 2.770 | 0.840 | 2.675 | 0.435 | 1.325 | 0 | 7.950 | 10.022 | 2.785 |
|
B3 | 0.175 | 0.100 | 1.583 | 0.450 | 0.475 | 0 | 1.310 | 0.375 | 0.200 | 0 | 1.987 | 1.550 | 0.450 |
|
Caa1 | 0.075 | 0.062 | 0.320 | 0.615 | 0.985 | 0.387 | 0.965 | 0.780 | 0.365 | 0 | 1.265 | 2.025 | 1.095 |
|
Caa2 | 0 | 0 | 0 | 0 | 0 | 0 | 0.115 | 0 | 0 | 0 | 0.745 | 0.735 | 0.405 |
|
Caa3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.135 | 0 |
|
NR | 19.860 | 31.532 | 23.268 | 27.691 | 26.989 | 32.098 | 39.147 | 19.798 | 28.605 | 28.385 | 55.341 | 39.296 | 35.572 |
|
Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
|
|
|
| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Baa2 | 0 | 0 | 0 | 0 | 1.000 | 1 | 0 | 0 | 1.000 | 1 | 1.000 | 1 | 1.000 | 1 | 0.16%
|
Baa3 | 0.350 | 2 | 0.400 | 1 | 1.650 | 3 | 3.200 | 2 | 5.600 | 5 | 5.600 | 8 | 5.600 | 5 | 0.89%
|
Ba1 | 9.075 | 18 | 3.047 | 7 | 7.300 | 5 | 13.389 | 14 | 32.812 | 26 | 33.342 | 46 | 32.812 | 26 | 5.24%
|
Ba2 | 16.377 | 31 | 6.570 | 17 | 11.280 | 22 | 4.244 | 13 | 38.471 | 49 | 40.571 | 87 | 38.471 | 49 | 6.15%
|
Ba3 | 19.973 | 34 | 10.873 | 39 | 18.604 | 46 | 14.053 | 29 | 63.502 | 77 | 71.863 | 170 | 65.918 | 82 | 10.14%
|
B1 | 18.166 | 64 | 19.808 | 53 | 24.322 | 67 | 14.852 | 46 | 77.147 | 131 | 81.527 | 244 | 79.462 | 134 | 12.32%
|
B2 | 5.945 | 21 | 3.950 | 15 | 9.275 | 32 | 12.807 | 52 | 31.977 | 64 | 34.657 | 131 | 32.752 | 65 | 5.11%
|
B3 | 2.507 | 13 | 1.685 | 5 | 2.187 | 5 | 2.000 | 7 | 8.380 | 15 | 8.655 | 32 | 8.480 | 16 | 1.34%
|
Caa1 | 1.920 | 10 | 2.132 | 15 | 1.630 | 9 | 3.120 | 13 | 8.802 | 6 | 8.939 | 49 | 8.864 | 6 | 1.41%
|
Caa2 | 0 | 0 | 0.115 | 1 | 0.745 | 5 | 1.140 | 7 | 2.000 | 1 | 2.000 | 13 | 2.000 | 1 | 0.32%
|
Caa3 | 0 | 0 | 0 | 0 | 0 | 0 | 0.135 | 1 | 0.135 | 1 | 0.135 | 1 | 0.135 | 1 | 0.02%
|
NR | 77.948 | 290 | 91.043 | 281 | 112.331 | 346 | 74.868 | 295 | 356.190 | 858 | 407.581 | 1403 | 387.721 | 942 | 56.90%
|
Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 100.00%
|
|
|
Use of Proceeds |
|
|
|
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Acquisition | 4.970 | 3.231 | 1.170 | 1.570 | 3.829 | 9.078 | 6.462 | 8.535 | 6.490 | 7.973 | 12.639 | 5.585 | 12.528 |
|
Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.330 | 0 | 0 | 0.185 | 0.075 |
|
Dividend/recap | 0.150 | 0.980 | 0.430 | 5.287 | 5.060 | 4.381 | 1.281 | 0.800 | 5.309 | 2.580 | 7.100 | 9.237 | 5.347 |
|
Exit financing | 0 | 0 | 0.904 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.250 |
|
GCP | 3.150 | 3.464 | 5.710 | 3.427 | 2.998 | 1.806 | 4.555 | 2.920 | 4.185 | 7.205 | 2.297 | 1.646 | 3.875 |
|
LBO | 4.897 | 5.187 | 3.973 | 0.840 | 0.595 | 3.640 | 5.280 | 3.752 | 5.218 | 0.900 | 7.105 | 7.537 | 7.130 |
|
Refinance | 8.360 | 7.710 | 15.440 | 20.515 | 34.732 | 19.748 | 16.169 | 4.960 | 14.405 | 7.098 | 40.444 | 37.663 | 20.399 |
|
Multiple/Other/NA | 11.127 | 16.628 | 12.425 | 22.648 | 10.708 | 11.643 | 21.782 | 12.828 | 13.912 | 17.574 | 27.558 | 20.138 | 10.213 |
|
Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
|
|
|
| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Acquisition | 6.569 | 25 | 24.075 | 32 | 27.102 | 32 | 18.113 | 25 | 75.859 | 113 | 84.060 | 132 | 79.090 | 121 | 12.12%
|
Capex | 0 | 0 | 0 | 0 | 0.330 | 1 | 0.260 | 2 | 0.590 | 3 | 0.590 | 3 | 0.590 | 3 | 0.09%
|
Dividend/recap | 10.777 | 27 | 6.463 | 15 | 14.989 | 25 | 14.584 | 42 | 46.812 | 109 | 47.942 | 112 | 47.792 | 111 | 7.48%
|
Exit financing | 0.904 | 1 | 0 | 0 | 0 | 0 | 2.250 | 2 | 3.154 | 3 | 3.154 | 3 | 3.154 | 3 | 0.50%
|
GCP | 12.135 | 32 | 9.281 | 22 | 13.687 | 31 | 5.521 | 19 | 40.625 | 104 | 47.239 | 128 | 44.089 | 119 | 6.49%
|
LBO | 5.408 | 20 | 12.672 | 23 | 13.223 | 25 | 14.667 | 25 | 45.970 | 93 | 56.055 | 112 | 51.157 | 100 | 7.34%
|
Refinance | 70.687 | 108 | 40.878 | 72 | 61.948 | 97 | 58.062 | 90 | 231.575 | 367 | 247.645 | 394 | 239.285 | 380 | 36.99%
|
Multiple/Other/NA | 45.781 | 110 | 46.253 | 121 | 59.044 | 131 | 30.351 | 78 | 181.429 | 440 | 209.184 | 530 | 198.056 | 489 | 28.98%
|
Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 100.00%
|
|
|
Industry Sector (by SIC code) |
|
|
|
| 11/2011 | 12/2011 | 1/2012 | 2/2012 | 3/2012 | 4/2012 | 5/2012 | 6/2012 | 7/2012 | 8/2012 | 9/2012 | 10/2012 | 11/2012 |
|
Agriculture (0xxx) | 0.100 | 0 | 0 | 0 | 0 | 0 | 0.539 | 0.480 | 0 | 0 | 0 | 0 | 0 |
|
Mining (1xxx) | 0 | 1.000 | 0.525 | 0.170 | 0.560 | 0.200 | 3.637 | 0 | 0.802 | 0.260 | 0.170 | 1.000 | 0.575 |
|
Oil and gas (13xx) | 1.375 | 3.575 | 2.100 | 3.905 | 1.188 | 4.575 | 6.126 | 2.210 | 2.940 | 2.118 | 10.072 | 4.060 | 5.475 |
|
Construction (15xx) | 0.750 | 0 | 0.140 | 0 | 0.075 | 0 | 0.410 | 0.175 | 0 | 1.160 | 1.050 | 1.690 | 1.670 |
|
Manufacturing (2xxx, 3xxx) | 8.195 | 8.865 | 17.297 | 16.390 | 15.163 | 13.716 | 19.005 | 10.716 | 6.561 | 13.994 | 22.907 | 24.838 | 21.574 |
|
Transportation (4xxx) | 1.210 | 1.374 | 0.740 | 3.077 | 0 | 0.175 | 0.150 | 1.390 | 2.035 | 3.664 | 2.211 | 3.000 | 0.205 |
|
Communications (48xx) | 5.641 | 1.313 | 3.850 | 1.080 | 7.094 | 4.791 | 2.356 | 4.325 | 5.275 | 2.072 | 11.234 | 2.842 | 2.167 |
|
Electric, gas, sanitary services (49xx) | 0 | 0.922 | 2.145 | 3.085 | 2.700 | 1.840 | 4.415 | 2.675 | 4.189 | 1.400 | 6.465 | 6.874 | 1.598 |
|
Wholesale (5xxx) | 2.377 | 6.850 | 3.289 | 7.260 | 8.075 | 11.425 | 2.780 | 4.455 | 9.864 | 2.487 | 13.268 | 8.879 | 7.934 |
|
Finance, insurance, real estate (6xxx) | 2.247 | 5.580 | 3.820 | 3.740 | 4.275 | 2.925 | 7.193 | 2.115 | 3.550 | 3.204 | 11.692 | 5.522 | 4.090 |
|
Services (7xxx) | 6.010 | 5.270 | 5.869 | 13.234 | 14.630 | 9.425 | 5.913 | 2.205 | 9.709 | 8.403 | 15.501 | 22.384 | 11.544 |
|
Health services (8xxx) | 4.750 | 2.450 | 0.277 | 2.347 | 4.161 | 1.226 | 3.005 | 3.050 | 4.925 | 4.567 | 2.573 | 0.902 | 4.985 |
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Total | 32.655 | 37.200 | 40.052 | 54.287 | 57.922 | 50.297 | 55.530 | 33.795 | 49.850 | 43.330 | 97.144 | 81.991 | 61.817 |
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| Q1/2012 | Count | Q2/2012 | Count | Q3/2012 | Count | Q4/2012 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
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Agriculture (0xxx) | 0 | 0 | 1.019 | 2 | 0 | 0 | 0 | 0 | 1.019 | 2 | 1.119 | 3 | 1.019 | 2 | 0.16%
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Mining (1xxx) | 1.255 | 7 | 3.837 | 6 | 1.232 | 3 | 1.575 | 3 | 7.899 | 19 | 8.899 | 23 | 8.899 | 23 | 1.26%
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Oil and gas (13xx) | 7.193 | 15 | 12.911 | 16 | 15.130 | 14 | 9.535 | 22 | 44.769 | 67 | 49.719 | 77 | 48.344 | 73 | 7.15%
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Construction (15xx) | 0.215 | 2 | 0.585 | 2 | 2.210 | 7 | 3.360 | 6 | 6.370 | 17 | 7.120 | 18 | 6.370 | 17 | 1.02%
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Manufacturing (2xxx, 3xxx) | 48.849 | 100 | 43.437 | 97 | 43.463 | 80 | 46.412 | 75 | 182.161 | 352 | 199.221 | 402 | 191.026 | 378 | 29.10%
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Transportation (4xxx) | 3.817 | 7 | 1.715 | 6 | 7.911 | 16 | 3.205 | 5 | 16.648 | 34 | 19.232 | 43 | 18.022 | 39 | 2.66%
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Communications (48xx) | 12.024 | 13 | 11.472 | 17 | 18.581 | 25 | 5.009 | 11 | 47.086 | 66 | 54.040 | 84 | 48.399 | 70 | 7.52%
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Electric, gas, sanitary services (49xx) | 7.930 | 12 | 8.930 | 15 | 12.054 | 12 | 8.472 | 14 | 37.386 | 53 | 38.308 | 56 | 38.308 | 56 | 5.97%
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Wholesale (5xxx) | 18.625 | 37 | 18.660 | 30 | 25.619 | 46 | 16.813 | 40 | 79.716 | 153 | 88.944 | 179 | 86.567 | 170 | 12.73%
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Finance, insurance, real estate (6xxx) | 11.835 | 41 | 12.233 | 27 | 18.446 | 49 | 9.612 | 26 | 52.126 | 143 | 59.953 | 162 | 57.706 | 153 | 8.33%
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Services (7xxx) | 33.734 | 66 | 17.543 | 47 | 33.613 | 71 | 33.928 | 66 | 118.817 | 249 | 130.097 | 280 | 124.087 | 261 | 18.98%
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Health services (8xxx) | 6.785 | 23 | 7.282 | 20 | 12.065 | 19 | 5.887 | 15 | 32.019 | 77 | 39.219 | 87 | 34.469 | 84 | 5.11%
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Total | 152.261 | 323 | 139.623 | 284 | 190.323 | 342 | 143.808 | 283 | 626.015 | 1232 | 695.870 | 1414 | 663.215 | 1326 | 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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