• Leveraged loan issuance totals $904.81 billion year to date
By Sara Rosenberg
New York, Oct. 31 - JPMorgan nabbed the top position on the leveraged loans league table for October, bringing $12.67 billion in 29 deals, according to data compiled by Prospect News.
In second place was Bank of America with $9.43 billion in 32 deals, and in third place was Credit Suisse with $7.09 billion in 20 deals.
October saw a total of $68.97 of leveraged loans come to market, compared to $88.63 billion in September and $80.26 in October 2012.
Year to date, JPMorgan is the top arranger with $146.17 billion in 352 deals, Bank of America is second with $118.09 billion in 398 deals and Credit Suisse is third with $73.19 billion in 237 deals.
Total issuance year to date is $904.81 billion, versus $561.84 billion in the comparable period 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.
Leveraged loans, year to date
2012 Comparables
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 146.167 | 352 | 16.15% | 1 | 82.065 | 263 | 14.61%
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| 2 | Bank of America | 118.086 | 398 | 13.05% | 2 | 76.927 | 314 | 13.69%
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| 3 | Credit Suisse | 73.194 | 237 | 8.09% | 3 | 43.101 | 155 | 7.67%
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| 4 | Deutsche Bank | 65.496 | 211 | 7.24% | 6 | 30.696 | 144 | 5.46%
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| 5 | Barclays | 59.375 | 195 | 6.56% | 5 | 34.204 | 150 | 6.09%
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| 6 | Wells Fargo | 53.912 | 215 | 5.96% | 4 | 40.245 | 189 | 7.16%
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| 7 | Citigroup | 51.708 | 164 | 5.71% | 8 | 26.407 | 125 | 4.70%
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| 8 | Goldman Sachs | 51.233 | 185 | 5.66% | 9 | 25.183 | 117 | 4.48%
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| 9 | Morgan Stanley | 46.206 | 176 | 5.11% | 7 | 28.386 | 121 | 5.05%
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| 10 | RBC | 28.913 | 132 | 3.20% | 10 | 21.093 | 117 | 3.75%
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| Total | 904.805 | 1413 | 561.838 | 1103 |
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| Average size: | 0.640 | 0.509 |
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| Leveraged loans, October |
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| | | | | 2012 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 12.671 | 29 | 18.37% | 3 | 8.856 | 31 | 11.03%
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| 2 | Bank of America | 9.433 | 32 | 13.68% | 1 | 10.083 | 50 | 12.56%
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| 3 | Credit Suisse | 7.088 | 20 | 10.28% | 2 | 9.008 | 30 | 11.22%
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| 4 | Deutsche Bank | 4.104 | 16 | 5.95% | 5 | 5.720 | 26 | 7.13%
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| 5 | Wells Fargo | 4.032 | 18 | 5.85% | 10 | 3.234 | 18 | 4.03%
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| 6 | Morgan Stanley | 3.324 | 12 | 4.82% | 4 | 5.817 | 26 | 7.25%
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| 7 | RBC | 2.746 | 18 | 3.98% | 8 | 4.345 | 25 | 5.41%
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| 8 | BMO | 2.548 | 7 | 3.70% | 13 | 1.591 | 7 | 1.98%
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| 9 | Citigroup | 2.134 | 7 | 3.09% | 11 | 2.506 | 17 | 3.12%
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| 10 | Goldman Sachs | 1.788 | 8 | 2.59% | 9 | 3.689 | 18 | 4.60%
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| Total | 68.967 | 116 | 80.261 | 155 |
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| Average size: | 0.595 | 0.518 |
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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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