• Leveraged loan issuance totals $377.85 billion year to date
By Sara Rosenberg
New York, Aug. 31 - JPMorgan took the number one spot on the leveraged loans league tables for August, bringing $7.22 billion in 21 deals, according to data compiled by Prospect News.
In second place was Bank of America with $6.78 billion in 24 deals, and in third was Wells Fargo with $2.85 billion in 14 deals.
August saw a total of $35.83 billion of leveraged loans come to market, compared to $42.3 billion in July and $26.63 billion in August 2011.
Year to date, JPMorgan is in first place, with $56.73 billion in 193 deals, Bank of America is in second place with $50.65 billion in 209 deals and Wells Fargo is in third place with $32.40 billion in 145 deals.
Year-to-date volume totals $377.85 billion, versus $516.38 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
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| 1 | JPMorgan | 56.733 | 193 | 15.01% | 1 | 93.249 | 239 | 18.06%
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| 2 | Bank of America | 50.651 | 209 | 13.41% | 2 | 90.378 | 290 | 17.50%
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| 3 | Wells Fargo | 32.398 | 145 | 8.57% | 3 | 36.141 | 154 | 7.00%
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| 4 | Credit Suisse | 24.851 | 99 | 6.58% | 4 | 32.590 | 101 | 6.31%
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| 5 | Barclays | 21.618 | 95 | 5.72% | 5 | 27.153 | 82 | 5.26%
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| 6 | Citigroup | 18.522 | 89 | 4.90% | 6 | 24.801 | 80 | 4.80%
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| 7 | Morgan Stanley | 18.385 | 73 | 4.87% | 7 | 22.538 | 62 | 4.36%
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| 8 | Deutsche Bank | 17.709 | 90 | 4.69% | 8 | 22.302 | 76 | 4.32%
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| 9 | Goldman Sachs | 16.912 | 79 | 4.48% | 9 | 18.956 | 57 | 3.67%
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| 10 | RBC | 11.091 | 70 | 2.94% | 13 | 11.260 | 49 | 2.18%
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| Total | 377.853 | 769 | 516.376 | 902 |
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| Average size: | 0.491 | 0.572 |
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| August |
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| | | | | 2011 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 7.221 | 21 | 20.16% | 2 | 5.683 | 16 | 21.35%
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| 2 | Bank of America | 6.782 | 24 | 18.93% | 1 | 7.438 | 19 | 27.94%
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| 3 | Wells Fargo | 2.852 | 14 | 7.96% | 4 | 2.371 | 14 | 8.90%
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| 4 | Credit Suisse | 1.937 | 7 | 5.41% |
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| 5 | Goldman Sachs | 1.694 | 9 | 4.73% |
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| 6 | Barclays | 1.595 | 7 | 4.45% | 7 | 0.842 | 3 | 3.16%
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| 7 | UBS | 1.514 | 4 | 4.23% |
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| 8 | Deutsche Bank | 1.457 | 10 | 4.07% | 10 | 0.537 | 2 | 2.02%
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| 9 | Morgan Stanley | 1.323 | 8 | 3.69% | 18 | 0.128 | 1 | 0.48%
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| 10 | GECC | 1.013 | 5 | 2.83% | 6 | 0.910 | 6 | 3.42%
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| Total | 35.825 | 71 | 26.625 | 59 |
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| Average size: | 0.505 | 0.451 |
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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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