• Leveraged loan issuance totals $1,027.37 billion year to date
By Sara Rosenberg
New York, Nov. 27 - JPMorgan took the top position on the leveraged loans league table for November, bringing $12.13 billion in 27 deals, according to data compiled by Prospect News.
In second place was Bank of America with $11.61 billion in 31 deals, and in third place was Credit Suisse with $8.74 billion in 24 deals.
November saw a total of $89.74 of leveraged loans come to market, compared to $68.97 billion in October and $61.12 in November 2012.
Year to date, JPMorgan is the top arranger with $159.96 billion in 380 deals, Bank of America is second with $132.50 billion in 433 deals and Credit Suisse is third with $84.28 billion in 263 deals.
Total issuance year to date is $1,027.37 billion, versus $641.01 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 | 159.961 | 380 | 15.57% | 1 | 90.019 | 290 | 14.04%
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| 2 | Bank of America | 132.503 | 433 | 12.90% | 2 | 86.599 | 348 | 13.51%
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| 3 | Credit Suisse | 84.277 | 263 | 8.20% | 3 | 49.496 | 179 | 7.72%
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| 4 | Deutsche Bank | 74.990 | 232 | 7.30% | 6 | 33.422 | 157 | 5.21%
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| 5 | Barclays | 66.521 | 213 | 6.47% | 5 | 39.651 | 182 | 6.19%
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| 6 | Wells Fargo | 59.016 | 235 | 5.74% | 4 | 45.973 | 212 | 7.17%
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| 7 | Goldman Sachs | 57.789 | 202 | 5.62% | 9 | 29.450 | 134 | 4.59%
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| 8 | Citigroup | 56.992 | 181 | 5.55% | 8 | 30.266 | 146 | 4.72%
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| 9 | Morgan Stanley | 52.472 | 193 | 5.11% | 7 | 33.182 | 143 | 5.18%
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| 10 | RBC | 33.454 | 151 | 3.26% | 10 | 25.094 | 133 | 3.91%
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| Total | 1027.371 | 1589 | 641.014 | 1253 |
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| Average size: | 0.647 | 0.512 |
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| Leveraged loans, November |
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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 | 12.125 | 27 | 13.51% | 2 | 6.078 | 24 | 9.94%
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| 2 | Bank of America | 11.611 | 31 | 12.94% | 1 | 8.460 | 33 | 13.84%
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| 3 | Credit Suisse | 8.742 | 24 | 9.74% | 4 | 5.316 | 23 | 8.70%
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| 4 | Deutsche Bank | 6.871 | 19 | 7.66% | 11 | 1.904 | 12 | 3.12%
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| 5 | Barclays | 5.512 | 16 | 6.14% | 5 | 5.177 | 30 | 8.47%
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| 6 | Morgan Stanley | 5.481 | 18 | 6.11% | 7 | 3.611 | 20 | 5.91%
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| 7 | Goldman Sachs | 4.915 | 16 | 5.48% | 6 | 3.781 | 16 | 6.19%
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| 8 | Wells Fargo | 4.656 | 18 | 5.19% | 3 | 5.729 | 23 | 9.37%
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| 9 | Citigroup | 4.016 | 15 | 4.48% | 8 | 3.414 | 20 | 5.59%
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| 10 | RBC | 2.825 | 17 | 3.15% | 9 | 3.354 | 15 | 5.49%
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| Total | 89.740 | 147 | 61.119 | 124 |
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| Average size: | 0.610 | 0.493 |
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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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