• Leveraged loan issuance totals $428.79 billion year to date
By Sara Rosenberg
New York, April 30 - Bank of America took the number one spot on the leveraged loans league table for April, bringing $16.70 billion in 49 deals, according to data compiled by Prospect News.
In second was Credit Suisse with $12.96 billion in 42 deals, and in third was JPMorgan with $8.83 billion in 44 deals.
April saw a total of $100.98 billion of leveraged loans come to market, compared to $91.01 billion in March and $50.3 billion in April 2012.
Year to date, JPMorgan is the top arranger with $67.7 billion in 157 deals, Bank of America is second with $50.14 billion in 165 deals and Credit Suisse is third with $39.98 billion in 117 deals.
Total issuance year to date is $428.79 billion, versus $202.71 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 | 67.699 | 157 | 15.79% | 1 | 34.361 | 115 | 16.95%
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| 2 | Bank of America | 50.135 | 165 | 11.69% | 2 | 25.243 | 114 | 12.45%
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| 3 | Credit Suisse | 39.979 | 117 | 9.32% | 4 | 13.272 | 56 | 6.55%
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| 4 | Barclays | 38.565 | 110 | 8.99% | 6 | 10.783 | 55 | 5.32%
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| 5 | Deutsche Bank | 36.461 | 104 | 8.50% | 7 | 10.442 | 51 | 5.15%
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| 6 | Citigroup | 28.764 | 78 | 6.71% | 8 | 9.527 | 49 | 4.70%
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| 7 | Goldman Sachs | 25.141 | 92 | 5.86% | 9 | 7.688 | 39 | 3.79%
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| 8 | Morgan Stanley | 23.724 | 85 | 5.53% | 5 | 11.007 | 35 | 5.43%
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| 9 | Wells Fargo | 23.087 | 92 | 5.38% | 3 | 16.549 | 78 | 8.16%
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| 10 | UBS | 13.501 | 58 | 3.15% | 10 | 6.030 | 24 | 2.97%
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| Total | 428.794 | 621 | 202.709 | 412 |
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| Average size: | 0.690 | 0.492 |
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| Leveraged loans, April |
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| | | | | 2012 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | Bank of America | 16.703 | 49 | 16.54% | 2 | 6.071 | 21 | 12.07%
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| 2 | Credit Suisse | 12.962 | 42 | 12.84% | 4 | 3.529 | 14 | 7.02%
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| 3 | JPMorgan | 8.834 | 44 | 8.75% | 1 | 10.159 | 27 | 20.20%
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| 4 | Barclays | 8.702 | 28 | 8.62% | 5 | 3.240 | 9 | 6.44%
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| 5 | Goldman Sachs | 8.497 | 33 | 8.41% | 6 | 2.248 | 9 | 4.47%
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| 6 | Deutsche Bank | 6.408 | 23 | 6.35% | 10 | 1.567 | 9 | 3.12%
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| 7 | Citigroup | 5.299 | 21 | 5.25% | 8 | 2.075 | 11 | 4.13%
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| 8 | Morgan Stanley | 5.203 | 23 | 5.15% | 9 | 1.938 | 7 | 3.85%
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| 9 | Wells Fargo | 4.812 | 24 | 4.77% | 3 | 4.950 | 19 | 9.84%
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| 10 | RBC | 3.508 | 9 | 3.47% | 11 | 1.255 | 6 | 2.50%
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| Total | 100.983 | 161 | 50.297 | 89 |
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| Average size: | 0.627 | 0.565 |
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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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