* Leveraged loan issuance totals $349.94 billion year to date
New York, Nov. 30 - JPMorgan is still on top as the number one arranger of leveraged loans so far this year, unchanged from the year through October, according to data compiled by Prospect News.
The firm has handled $68.03 billion of deals, well ahead of Banc of America in the number two place with $43.10 billion. Only just behind, Citigroup is third with $42.30 billion.
But Citigroup placed first for November. Boosting the firm's total was its role as sole lead arranger on JohnsonDiversey Holdings Inc.'s $1.025 billion credit facility as well as its position as joint lead on other big deals during the month.
Total leveraged loan volume for the first 11 months of this year is $349.94 billion in 765 deals.
November's total was $38.71 billion, well above the $31.12 billion average for the previous 10 months of this year.
The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.
Year to date 2005
| Lead | Amount | No. | Share
|
| 1 | JPMorgan | 68.034 | 167 | 19.44%
|
| 2 | Banc of America | 43.097 | 142 | 12.32%
|
| 3 | Citigroup | 42.297 | 96 | 12.09%
|
| 4 | CSFB | 27.319 | 103 | 7.81%
|
| 5 | Deutsche Bank | 24.031 | 57 | 6.87%
|
| 6 | Lehman | 20.684 | 47 | 5.91%
|
| 7 | Goldman Sachs | 17.456 | 51 | 4.99%
|
| 8 | Wachovia | 16.612 | 68 | 4.75%
|
| 9 | UBS | 9.092 | 41 | 2.60%
|
| 10 | Merrill Lynch | 8.542 | 31 | 2.44%
|
| Total | 349.939 | 765
|
|
|
| Average size: | 0.457
|
|
|
| November 2005
|
| Lead | Amount | No. | Share
|
| 1 | Citigroup | 5.434 | 14 | 14.04%
|
| 2 | Lehman | 4.854 | 8 | 12.54%
|
| 3 | JPMorgan | 4.544 | 19 | 11.74%
|
| 4 | Goldman Sachs | 3.342 | 10 | 8.64%
|
| 5 | Banc of America | 3.210 | 9 | 8.29%
|
| 6 | Merrill Lynch | 2.488 | 7 | 6.43%
|
| 7 | Wachovia | 2.164 | 12 | 5.59%
|
| 8 | Deutsche Bank | 2.115 | 5 | 5.47%
|
| 9 | CSFB | 2.025 | 11 | 5.23%
|
| 10 | UBS | 1.947 | 9 | 5.03%
|
| Total | 38.709 | 95
|
|
|
| Average size: | 0.407
|
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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.
• Deals must be $75 million or bigger for inclusion.
• 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 (not tranches).
• DIP facilities are included, bridge loans are excluded.
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