• Leveraged loan issuance totals $310.78 billion year to date
By Sara Rosenberg
New York, March 31 - JPMorgan led the leveraged loans league table for March, bringing $19.53 billion in 43 deals, according to data compiled by Prospect News.
In second place was Bank of America with $10.65 billion in 39 deals, and in third place was Credit Suisse with $10.4 billion in 30 deals.
March saw a total of $110.13 of leveraged loans come to market, compared to $81.19 billion in February and $109.79 billion in March 2013.
Year to date, JPMorgan is the top arranger with $47.47 billion in 107 deals, Bank of America is second with $32.60 billion in 117 deals and Credit Suisse is third with $26.80 billion in 87 deals.
Total issuance year to date is $310.78 billion, versus $323.37 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
2013 Comparables
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 47.472 | 107 | 15.28% | 1 | 58.515 | 112 | 18.10%
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| 2 | Bank of America | 32.602 | 117 | 10.49% | 2 | 33.282 | 115 | 10.29%
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| 3 | Credit Suisse | 26.803 | 87 | 8.62% | 5 | 26.793 | 74 | 8.29%
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| 4 | Deutsche Bank | 23.784 | 77 | 7.65% | 4 | 29.082 | 78 | 8.99%
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| 5 | Goldman Sachs | 17.676 | 59 | 5.69% | 9 | 15.918 | 57 | 4.92%
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| 6 | Citigroup | 17.122 | 53 | 5.51% | 6 | 23.340 | 57 | 7.22%
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| 7 | Wells Fargo | 17.122 | 65 | 5.51% | 8 | 18.120 | 67 | 5.60%
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| 8 | Barclays | 15.312 | 58 | 4.93% | 3 | 29.491 | 81 | 9.12%
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| 9 | RBC | 12.365 | 47 | 3.98% | 11 | 9.328 | 49 | 2.88%
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| 10 | Morgan Stanley | 12.255 | 55 | 3.94% | 7 | 18.791 | 63 | 5.81%
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| Total | 310.783 | 442 | 323.369 | 458 |
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| Average size: | 0.703 | 0.706 |
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| Leveraged loans, March |
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| | | | | 2013 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 19.534 | 43 | 17.74% | 1 | 26.507 | 52 | 24.14%
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| 2 | Bank of America | 10.650 | 39 | 9.67% | 2 | 12.651 | 41 | 11.52%
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| 3 | Credit Suisse | 10.398 | 30 | 9.44% | 5 | 6.068 | 23 | 5.53%
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| 4 | RBC | 6.311 | 20 | 5.73% | 12 | 2.653 | 14 | 2.42%
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| 5 | Citigroup | 5.371 | 14 | 4.88% | 7 | 5.386 | 13 | 4.91%
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| 6 | Deutsche Bank | 5.304 | 17 | 4.82% | 6 | 5.605 | 18 | 5.11%
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| 7 | Wells Fargo | 4.794 | 20 | 4.35% | 3 | 10.896 | 33 | 9.92%
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| 8 | Morgan Stanley | 4.261 | 19 | 3.87% | 8 | 4.883 | 17 | 4.45%
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| 9 | UBS | 3.640 | 15 | 3.30% | 9 | 3.794 | 13 | 3.46%
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| 10 | Barclays | 3.621 | 16 | 3.29% | 4 | 9.314 | 25 | 8.48%
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| Total | 110.132 | 145 | 109.792 | 161 |
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| Average size: | 0.760 | 0.682 |
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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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