• Leveraged loan issuance totals $202.11 billion year to date
By Sara Rosenberg
New York, April 30 - JPMorgan was once again in the number one position at the top of the leveraged loans league tables, bringing $10.79 billion in 28 deals in April, according to data compiled by Prospect News.
In second place was Bank of America with $5.47 billion in 19 deals, and in third place was Barclays with $5.36 billion in 20 deals.
Year to date, JPMorgan is in first place with $35.38 billion in 117 deals, Bank of America is in second with $24.83 billion in 113 deals and Wells Fargo is in third with $17.38 billion in 81 deals.
April saw a total of $46.73 billion of leveraged loans come to market, compared to $56.71 billion in March and $69.21 in April 2011.
Year-to-date volume totals $202.11 billion, versus $292.49 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
|
| . | JPMorgan | 35.384 | 117 | 17.51% | 2 | 53.140 | 134 | 18.17%
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| 2 | Bank of America | 24.829 | 113 | 12.28% | 1 | 54.408 | 169 | 18.60%
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| 3 | Wells Fargo | 17.384 | 81 | 8.60% | 5 | 18.599 | 79 | 6.36%
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| 4 | Credit Suisse | 13.921 | 56 | 6.89% | 3 | 22.294 | 61 | 7.62%
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| 5 | Barclays | 11.199 | 57 | 5.54% | 4 | 19.958 | 50 | 6.82%
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| 6 | Deutsche Bank | 10.842 | 51 | 5.36% | 6 | 15.035 | 48 | 5.14%
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| 7 | Morgan Stanley | 10.765 | 34 | 5.33% | 9 | 11.126 | 34 | 3.80%
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| 8 | Citigroup | 9.439 | 46 | 4.67% | 7 | 12.550 | 41 | 4.29%
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| 9 | Goldman Sachs | 7.861 | 39 | 3.89% | 8 | 11.310 | 36 | 3.87%
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| 10 | UBS | 5.517 | 22 | 2.73% | 10 | 7.541 | 33 | 2.58%
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| Total | 202.107 | 415 | 292.492 | 493 |
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| Average size: | 0.487 | 0.593 |
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| April |
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| | | | | 2011 Comparables |
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| Underwriter | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 10.794 | 28 | 23.10% | 2 | 13.231 | 31 | 19.12%
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| 2 | Bank of America | 5.470 | 19 | 11.70% | 1 | 14.579 | 40 | 21.07%
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| 3 | Wells Fargo | 5.361 | 20 | 11.47% | 3 | 5.006 | 19 | 7.23%
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| 4 | Credit Suisse | 3.829 | 13 | 8.19% | 8 | 3.014 | 10 | 4.35%
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| 5 | Barclays | 3.056 | 9 | 6.54% | 6 | 3.269 | 11 | 4.72%
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| 6 | Goldman Sachs | 2.234 | 8 | 4.78% | 10 | 2.772 | 12 | 4.01%
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| 7 | Citigroup | 1.987 | 8 | 4.25% | 5 | 3.673 | 11 | 5.31%
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| 8 | Morgan Stanley | 1.633 | 6 | 3.50% | 16 | 0.902 | 6 | 1.30%
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| 9 | UBS | 1.613 | 5 | 3.45% | 15 | 1.011 | 6 | 1.46%
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| 10 | Deutsche Bank | 1.586 | 7 | 3.39% | 9 | 2.775 | 12 | 4.01%
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| Total | 46.730 | 87 | 69.205 | 113 |
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| Average size: | 0.537 | 0.612 |
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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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