Leveraged loan issuance totals $459.68 billion year to date
By Sara Rosenberg
New York, May 30 - JPMorgan led the leveraged loans league table for May, bringing $11.603 billion in 17 deals, according to data compiled by Prospect News.
In second place was Bank of America with $8.022 billion in 30 deals, and in third place was Citigroup with $5.994 billion in 8 deals.
May saw a total of $67.283 billion of leveraged loans come to market, compared to $75.820 billion in April and $114.854 billion in May 2013.
Year to date, JPMorgan is the top arranger with $63.306 billion in 161 deals, Bank of America is second with $50.371 billion in 181 deals, and Credit Suisse is third with $37.257 billion in 129 deals.
Total issuance year to date is $459.681 billion, versus $538.046 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
|
| 1 | JPMorgan | 63.306 | 161 | 13.77% | 1 | 84.054 | 201 | 15.62%
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| 2 | Bank of America | 50.371 | 181 | 10.96% | 2 | 65.912 | 225 | 12.25%
|
| 3 | Credit Suisse | 37.257 | 129 | 8.11% | 3 | 48.520 | 148 | 9.02%
|
| 4 | Deutsche Bank | 31.047 | 107 | 6.75% | 5 | 42.280 | 125 | 7.86%
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| 5 | Wells Fargo | 28.021 | 108 | 6.10% | 9 | 29.885 | 125 | 5.55%
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| 6 | Citigroup | 26.798 | 78 | 5.83% | 6 | 37.173 | 105 | 6.91%
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| 7 | Barclays | 24.738 | 92 | 5.38% | 4 | 42.850 | 134 | 7.96%
|
| 8 | Goldman Sachs | 24.481 | 93 | 5.33% | 7 | 32.643 | 122 | 6.07%
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| 9 | RBC | 17.877 | 78 | 3.89% | 11 | 13.189 | 71 | 2.45%
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| 10 | Morgan Stanley | 17.551 | 77 | 3.82% | 8 | 29.959 | 109 | 5.57%
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| Total | 459.681 | 702 | 538.046 | 800 |
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| Average size: | 0.655 | 0.673 |
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| Leveraged loans, May |
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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 | 11.603 | 17 | 17.25% | 1 | 15.962 | 45 | 13.90%
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| 2 | Bank of America | 8.022 | 30 | 11.92% | 2 | 15.299 | 57 | 13.32%
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| 3 | Citigroup | 5.994 | 8 | 8.91% | 5 | 8.407 | 26 | 7.32%
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| 4 | Wells Fargo | 4.358 | 13 | 6.48% | 8 | 5.624 | 28 | 4.90%
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| 5 | Credit Suisse | 4.181 | 15 | 6.21% | 4 | 10.006 | 31 | 8.71%
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| 6 | Barclays | 3.198 | 15 | 4.75% | 7 | 5.884 | 27 | 5.12%
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| 7 | RBC | 2.318 | 16 | 3.45% | 13 | 2.057 | 13 | 1.79%
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| 8 | Deutsche Bank | 2.239 | 12 | 3.33% | 9 | 5.614 | 21 | 4.89%
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| 9 | Goldman Sachs | 2.193 | 12 | 3.26% | 3 | 10.363 | 33 | 9.02%
|
| 10 | UBS | 2.030 | 10 | 3.02% | 11 | 3.119 | 8 | 2.72%
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| Total | 67.283 | 101 | 114.854 | 177 |
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| Average size: | 0.666 | 0.649 |
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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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