• Leveraged loan issuance totals $605.206 billion year to date
By Sara Rosenberg
New York, June 28 - Bank of America took the number one spot on the leveraged loans league table for June, bringing $7.85 billion in 28 deals, according to data compiled by Prospect News.
In second place was Jefferies with $7.60 billion in 12 deals, and in third was JPMorgan with $7.52 billion in 21 deals.
June saw a total of $67.53 billion of leveraged loans come to market, compared to $114.86 billion in May and $33.80 billion in June 2012.
For the second quarter, Bank of America was in the lead with $40.35 billion in 138 deals, JPMorgan was in second with $33.06 billion in 110 deals and Credit Suisse was third with $27.95 billion in 97 deals.
The second quarter saw total issuance of $280.91 billion, versus $138.62 billion in the second quarter of 2012.
Year to date, JPMorgan is the top arranger with $91.58 billion in 222 deals, Bank of America is second with $73.94 billion in 254 deals and Credit Suisse is third with $54.75 billion in 171 deals.
Total issuance year to date is $605.21 billion, versus $291.03 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
|
| 1 | JPMorgan | 91.578 | 222 | 15.13% | 1 | 44.779 | 152 | 15.39%
|
| 2 | Bank of America | 73.940 | 254 | 12.22% | 2 | 34.901 | 157 | 11.99%
|
| 3 | Credit Suisse | 54.746 | 171 | 9.05% | 4 | 18.819 | 83 | 6.47%
|
| 4 | Deutsche Bank | 46.274 | 144 | 7.65% | 8 | 14.735 | 70 | 5.06%
|
| 5 | Barclays | 44.832 | 142 | 7.41% | 5 | 15.652 | 72 | 5.38%
|
| 6 | Citigroup | 40.316 | 118 | 6.66% | 6 | 14.936 | 72 | 5.13%
|
| 7 | Goldman Sachs | 36.102 | 138 | 5.97% | 9 | 13.503 | 62 | 4.64%
|
| 8 | Morgan Stanley | 34.494 | 127 | 5.70% | 7 | 14.915 | 53 | 5.12%
|
| 9 | Wells Fargo | 32.810 | 136 | 5.42% | 3 | 25.834 | 115 | 8.88%
|
| 10 | UBS | 18.888 | 76 | 3.12% | 12 | 7.388 | 35 | 2.54%
|
| Total | 605.206 | 911 | 291.034 | 606 |
|
| Average size: | 0.664 | 0.480 |
|
|
|
|
|
| Leveraged loans, second quarter |
|
| | | | | 2012 Comparables |
|
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 40.350 | 138 | 14.36% | 2 | 15.730 | 64 | 11.35%
|
| 2 | JPMorgan | 33.063 | 110 | 11.77% | 1 | 20.577 | 64 | 14.84%
|
| 3 | Credit Suisse | 27.953 | 97 | 9.95% | 4 | 9.076 | 41 | 6.55%
|
| 4 | Goldman Sachs | 20.184 | 81 | 7.19% | 6 | 8.064 | 32 | 5.82%
|
| 5 | Citigroup | 16.975 | 61 | 6.04% | 7 | 7.484 | 34 | 5.40%
|
| 6 | Deutsche Bank | 16.884 | 65 | 6.01% | 9 | 5.860 | 28 | 4.23%
|
| 7 | Morgan Stanley | 15.703 | 64 | 5.59% | 10 | 5.846 | 25 | 4.22%
|
| 8 | Barclays | 15.341 | 61 | 5.46% | 5 | 8.109 | 26 | 5.85%
|
| 9 | Wells Fargo | 14.691 | 69 | 5.23% | 3 | 14.236 | 56 | 10.27%
|
| 10 | Jefferies | 10.923 | 36 | 3.89% | 12 | 4.023 | 9 | 2.90%
|
| Total | 280.912 | 452 | 138.623 | 283 |
|
| Average size: | 0.621 | 0.490 |
|
|
|
| Leveraged loans, June |
|
| | | | | 2012 Comparables |
|
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 7.846 | 28 | 11.62% | 2 | 3.561 | 18 | 10.54%
|
| 2 | Jefferies | 7.595 | 12 | 11.25% | 12 | 0.774 | 3 | 2.29%
|
| 3 | JPMorgan | 7.524 | 21 | 11.14% | 1 | 3.875 | 14 | 11.47%
|
| 4 | Credit Suisse | 6.405 | 22 | 9.48% | 9 | 1.941 | 9 | 5.74%
|
| 5 | Morgan Stanley | 4.583 | 18 | 6.79% | 8 | 2.007 | 10 | 5.94%
|
| 6 | None/Unknown | 4.581 | 10 | 6.78% | 4 | 2.735 | 8 | 8.09%
|
| 7 | Deutsche Bank | 3.756 | 18 | 5.56% | 16 | 0.542 | 5 | 1.60%
|
| 8 | Goldman Sachs | 3.523 | 15 | 5.22% | 15 | 0.680 | 7 | 2.01%
|
| 9 | Wells Fargo | 3.326 | 12 | 4.93% | 3 | 3.133 | 12 | 9.27%
|
| 10 | Citigroup | 3.214 | 13 | 4.76% | 6 | 2.138 | 9 | 6.33%
|
| Total | 67.531 | 109 | 33.795 | 85 |
|
| Average size: | 0.620 | 0.398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prospect News Leveraged Loan Arranger Rankings
|
|
|
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
