• Leveraged loan issuance totals $92.054 billion year to date
By Sara Rosenberg
New York, Feb. 29 - JPMorgan remained in first place on the leveraged loans league tables for February, bringing $12.52 billion in 34 deals, according to data compiled by Prospect News.
In second place was Bank of America with $5.828 billion in 28 deals, and in third place was Credit Suisse with $5.575 billion in 14 deals.
Year to date, JPMorgan is in the number one position with $17.058 billion in 52 deals, Bank of America is in second with $9.632 billion in 44 deals and Credit Suisse is in third with $7.486 billion in 23 deals.
February saw a total of $51.271 billion of leveraged loans come to market, compared to $37.18 in January and $87.806 in February 2011.
Year to date volume totals $92.054 billion, versus $149.003 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
| Underwriter | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | JPMorgan | 17.058 | 52 | 18.53% | 1 | 29.498 | 67 | 19.80%
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| 2 | Bank of America | 9.632 | 44 | 10.46% | 2 | 27.015 | 81 | 18.13%
|
| 3 | Credit Suisse | 7.486 | 23 | 8.13% | 3 | 16.676 | 38 | 11.19%
|
| 4 | Wells Fargo | 5.748 | 32 | 6.24% | 6 | 6.679 | 33 | 4.48%
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| 5 | Morgan Stanley | 5.666 | 15 | 6.16% | 10 | 4.714 | 14 | 3.16%
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| 6 | Deutsche Bank | 5.358 | 21 | 5.82% | 5 | 6.949 | 24 | 4.66%
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| 7 | Citigroup | 4.080 | 20 | 4.43% | 9 | 4.768 | 18 | 3.20%
|
| 8 | Goldman Sachs | 3.554 | 17 | 3.86% | 7 | 5.339 | 14 | 3.58%
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| 9 | Barclays | 2.975 | 18 | 3.23% | 4 | 13.146 | 30 | 8.82%
|
| 10 | RBS | 2.725 | 11 | 2.96% | 14 | 2.308 | 4 | 1.55%
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| Total | 92.054 | 195 | 149.003 | 230 |
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| Average size: | 0.472 | 0.648 |
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| February |
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| | | | | 2011 Comparables |
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| Underwriter | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 12.520 | 34 | 24.42% | 1 | 16.918 | 37 | 19.27%
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| 2 | Bank of America | 5.828 | 28 | 11.37% | 2 | 16.068 | 47 | 18.30%
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| 3 | Credit Suisse | 5.575 | 14 | 10.87% | 3 | 10.053 | 22 | 11.45%
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| 4 | Deutsche Bank | 3.538 | 13 | 6.90% | 5 | 5.006 | 15 | 5.70%
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| 5 | Morgan Stanley | 3.359 | 9 | 6.55% | 13 | 1.487 | 6 | 1.69%
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| 6 | Wells Fargo | 2.676 | 13 | 5.22% | 6 | 3.652 | 14 | 4.16%
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| 7 | Barclays | 2.035 | 13 | 3.97% | 4 | 8.844 | 19 | 10.07%
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| 8 | SunTrust | 1.865 | 10 | 3.64% | 12 | 1.886 | 7 | 2.15%
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| 9 | RBC | 1.581 | 8 | 3.08% | 11 | 2.125 | 6 | 2.42%
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| 10 | Goldman Sachs | 1.442 | 6 | 2.81% | 7 | 3.303 | 9 | 3.76%
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| Total | 51.271 | 102 | 87.806 | 130 |
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| Average size: | 0.503 | 0.675 |
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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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