• Leveraged loan issuance totals $827.48 billion year to date
By Sara Rosenberg
New York, Sept. 30 - Bank of America took the top position on the leveraged loans league table for September, bringing $16.14 billion in 34 deals, according to data compiled by Prospect News.
In second place was JPMorgan with $11.44 billion in 24 deals, and in third place was Citigroup with $7.18 billion in 14 deals.
September saw a total of $88.63 billion of leveraged loans come to market, compared to $50.38 billion in August and $97.16 billion in September 2012.
For the third quarter, JPMorgan was in the lead, bringing $39.75 billion in 92 deals, Bank of America was in second with $31.95 billion in 99 deals, and Deutsche Bank was in third place with $15.02 billion in 52 deals.
Year to date, JPMorgan is the top arranger with $131.62 billion in 317 deals, Bank of America is second with $106.43 billion in 359 deals and Credit Suisse is third with $66.11 billion in 217 deals.
Total issuance year to date is $827.48 billion, versus $481.58 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 | 131.622 | 317 | 15.91% | 1 | 73.209 | 232 | 15.20%
|
| 2 | Bank of America | 106.428 | 359 | 12.86% | 2 | 66.844 | 264 | 13.88%
|
| 3 | Credit Suisse | 66.107 | 217 | 7.99% | 4 | 34.093 | 125 | 7.08%
|
| 4 | Deutsche Bank | 61.270 | 195 | 7.40% | 6 | 24.977 | 118 | 5.19%
|
| 5 | Barclays | 57.990 | 182 | 7.01% | 5 | 29.155 | 122 | 6.05%
|
| 6 | Citigroup | 52.466 | 157 | 6.34% | 7 | 23.901 | 108 | 4.96%
|
| 7 | Goldman Sachs | 49.018 | 174 | 5.92% | 9 | 21.493 | 99 | 4.46%
|
| 8 | Wells Fargo | 49.005 | 195 | 5.92% | 3 | 37.011 | 171 | 7.69%
|
| 9 | Morgan Stanley | 42.358 | 161 | 5.12% | 8 | 22.568 | 95 | 4.69%
|
| 10 | RBC | 25.157 | 111 | 3.04% | 10 | 16.748 | 92 | 3.48%
|
| Total | 827.484 | 1282 | 481.577 | 948 |
|
| Average size: | 0.645 | 0.508 |
|
|
|
|
|
| Leveraged loans, third quarter |
|
| | | | | 2012 Comparables |
|
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | JPMorgan | 39.754 | 92 | 17.90% | 2 | 28.430 | 80 | 14.92%
|
| 2 | Bank of America | 31.949 | 99 | 14.38% | 1 | 31.943 | 107 | 16.76%
|
| 3 | Deutsche Bank | 15.019 | 52 | 6.76% | 6 | 10.242 | 48 | 5.37%
|
| 4 | Wells Fargo | 14.426 | 50 | 6.49% | 5 | 11.176 | 56 | 5.87%
|
| 5 | Barclays | 12.711 | 39 | 5.72% | 4 | 13.504 | 50 | 7.09%
|
| 6 | Citigroup | 11.825 | 38 | 5.32% | 7 | 8.964 | 36 | 4.70%
|
| 7 | Goldman Sachs | 11.724 | 36 | 5.28% | 8 | 7.990 | 37 | 4.19%
|
| 8 | Credit Suisse | 11.384 | 48 | 5.12% | 3 | 15.274 | 42 | 8.02%
|
| 9 | RBC | 9.987 | 30 | 4.50% | 9 | 7.773 | 36 | 4.08%
|
| 10 | Morgan Stanley | 7.614 | 34 | 3.43% | 10 | 7.654 | 42 | 4.02%
|
| Total | 222.127 | 360 | 190.543 | 342 |
|
| Average size: | 0.617 | 0.557 |
|
|
|
| Leveraged loans, September |
|
| | | | | 2012 Comparables |
|
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 16.144 | 34 | 18.21% | 1 | 15.341 | 54 | 15.79%
|
| 2 | JPMorgan | 11.437 | 24 | 12.90% | 2 | 15.297 | 35 | 15.74%
|
| 3 | Citigroup | 7.181 | 14 | 8.10% | 10 | 3.531 | 15 | 3.63%
|
| 4 | Goldman Sachs | 6.535 | 15 | 7.37% | 8 | 4.457 | 19 | 4.59%
|
| 5 | RBC | 6.519 | 13 | 7.36% | 6 | 5.457 | 21 | 5.62%
|
| 6 | Barclays | 5.684 | 14 | 6.41% | 4 | 7.437 | 26 | 7.65%
|
| 7 | Deutsche Bank | 5.310 | 17 | 5.99% | 5 | 7.347 | 29 | 7.56%
|
| 8 | Wells Fargo | 4.223 | 9 | 4.77% | 7 | 4.651 | 25 | 4.79%
|
| 9 | Credit Suisse | 4.144 | 14 | 4.68% | 3 | 9.366 | 27 | 9.64%
|
| 10 | Morgan Stanley | 3.884 | 10 | 4.38% | 9 | 3.945 | 21 | 4.06%
|
| Total | 88.633 | 120 | 97.164 | 162 |
|
| Average size: | 0.739 | 0.600 |
|
|
|
|
|
|
|
|
|
|
|
| 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.
