• Leveraged loan issuance totals $104.8 billion year to date
By Sara Rosenberg
New York, Jan. 31 - JPMorgan nabbed the top position on the leveraged loans league table for January, bringing $14.01 billion in 34 deals, according to data compiled by Prospect News.
In second place was Credit Suisse with $10.44 billion in 33 deals, and in third place was Bank of America with $9.95 billion in 35 deals.
January saw a total of $104.81 billion of leveraged loans come to market, compared to $70.67 billion in December and $94.24 in January 2013.
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
2013 Comparables
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 14.010 | 34 | 13.37% | 1 | 15.108 | 26 | 16.03%
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| 2 | Credit Suisse | 10.442 | 33 | 9.96% | 2 | 13.088 | 24 | 13.89%
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| 3 | Bank of America | 9.946 | 35 | 9.49% | 4 | 7.931 | 31 | 8.42%
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| 4 | Deutsche Bank | 9.514 | 31 | 9.08% | 3 | 8.509 | 27 | 9.03%
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| 5 | Wells Fargo | 7.614 | 22 | 7.26% | 10 | 2.904 | 16 | 3.08%
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| 6 | Goldman Sachs | 7.270 | 21 | 6.94% | 8 | 4.879 | 22 | 5.18%
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| 7 | Citigroup | 6.487 | 19 | 6.19% | 5 | 7.453 | 23 | 7.91%
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| 8 | Barclays | 6.085 | 24 | 5.81% | 6 | 7.383 | 26 | 7.83%
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| 9 | UBS | 4.229 | 18 | 4.03% | 12 | 2.749 | 14 | 2.92%
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| 10 | Morgan Stanley | 4.150 | 19 | 3.96% | 7 | 5.703 | 24 | 6.05%
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| Total | 104.813 | 140 | 94.244 | 130 |
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| Average size: | 0.749 | 0.725 |
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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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