• Leveraged loan issuance totals $747.74 billion year to date
By Sara Rosenberg
New York, Aug. 30 - JPMorgan took the top position on the leveraged loans league table for August, bringing $9.50 billion in 24 deals, according to data compiled by Prospect News.
In second place was Bank of America with $7.58 billion in 31 deals, and in third place was Deutsche Bank with $4.7 billion in 12 deals.
August saw a total of $50.38 billion of leveraged loans come to market, compared to $84.5 billion in July and $43.53 billion in August 2012.
Year to date, JPMorgan is the top arranger with $118.78 billion in 289 deals, Bank of America is second with $91.53 billion in 326 deals and Credit Suisse is third with $61.96 billion in 203 deals.
Total issuance year to date is $747.74 billion, versus $384.41 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 | 118.777 | 289 | 15.88% | 1 | 57.912 | 197 | 15.07%
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| 2 | Bank of America | 91.534 | 326 | 12.24% | 2 | 51.503 | 210 | 13.40%
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| 3 | Credit Suisse | 61.964 | 203 | 8.29% | 4 | 24.727 | 98 | 6.43%
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| 4 | Deutsche Bank | 59.303 | 178 | 7.93% | 8 | 17.629 | 89 | 4.59%
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| 5 | Barclays | 52.306 | 168 | 7.00% | 5 | 21.718 | 96 | 5.65%
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| 6 | Wells Fargo | 46.028 | 185 | 6.16% | 3 | 32.360 | 146 | 8.42%
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| 7 | Citigroup | 45.202 | 142 | 6.05% | 6 | 20.370 | 93 | 5.30%
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| 8 | Goldman Sachs | 42.483 | 159 | 5.68% | 9 | 17.037 | 80 | 4.43%
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| 9 | Morgan Stanley | 38.391 | 150 | 5.13% | 7 | 18.624 | 74 | 4.84%
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| 10 | UBS | 20.836 | 88 | 2.79% | 11 | 9.807 | 43 | 2.55%
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| Total | 747.737 | 1157 | 384.413 | 786 |
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| Average size: | 0.646 | 0.489 |
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| Leveraged loans, August |
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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 | 9.504 | 24 | 18.87% | 1 | 8.613 | 25 | 19.79%
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| 2 | Bank of America | 7.584 | 31 | 15.05% | 2 | 7.889 | 27 | 18.12%
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| 3 | Deutsche Bank | 4.696 | 12 | 9.32% | 10 | 1.457 | 10 | 3.35%
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| 4 | Wells Fargo | 4.042 | 14 | 8.02% | 3 | 2.989 | 15 | 6.87%
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| 5 | Credit Suisse | 2.654 | 14 | 5.27% | 5 | 1.937 | 7 | 4.45%
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| 6 | Citigroup | 2.498 | 11 | 4.96% | 4 | 2.819 | 10 | 6.48%
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| 7 | Morgan Stanley | 2.349 | 14 | 4.66% | 7 | 1.748 | 10 | 4.02%
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| 8 | Goldman Sachs | 2.076 | 7 | 4.12% | 6 | 1.819 | 10 | 4.18%
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| 9 | Barclays | 1.158 | 7 | 2.30% | 8 | 1.720 | 8 | 3.95%
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| 10 | Keybank | 1.005 | 5 | 2.00% | 14 | 0.559 | 3 | 1.29%
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| Total | 50.376 | 91 | 43.530 | 90 |
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| Average size: | 0.554 | 0.484 |
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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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