• Leveraged loan issuance totals $382.35 billion in 2005
New York, Dec. 30 - JPMorgan was the number one arranger of leveraged loans in 2005, according to data compiled by Prospect News.
The firm handled $71.17 billion of deals, far ahead of Banc of America in the number two position with $47.61 billion.
Citigroup was third at $42.42 billion.
Total issuance for the year was $382.35 billion.
December saw $29.75 billion of new loans come to market, down from November's $38.71 billion.
The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.
2005
| Lead | Amount | No. | Share
|
| 1 | JPMorgan | 71.172 | 176 | 18.61%
|
| 2 | Banc of America | 47.606 | 161 | 12.45%
|
| 3 | Citigroup | 42.422 | 99 | 11.10%
|
| 4 | CSFB | 30.656 | 113 | 8.02%
|
| 5 | Deutsche Bank | 26.171 | 62 | 6.84%
|
| 6 | Lehman | 22.204 | 50 | 5.81%
|
| 7 | Goldman Sachs | 20.713 | 59 | 5.42%
|
| 8 | Wachovia | 20.641 | 80 | 5.40%
|
| 9 | Merrill Lynch | 9.797 | 34 | 2.56%
|
| 10 | UBS | 9.217 | 42 | 2.41%
|
| Total | 382.345 | 851
|
|
|
| Average size: | 0.449
|
|
|
|
|
| Q4 | 2005
|
| Lead | Amount | No. | Share
|
| 1 | JPMorgan | 17.516 | 47 | 16.09%
|
| 2 | Banc of America | 11.792 | 43 | 10.83%
|
| 3 | Citigroup | 10.025 | 28 | 9.21%
|
| 4 | Goldman Sachs | 9.573 | 25 | 8.79%
|
| 5 | CSFB | 7.309 | 28 | 6.71%
|
| 6 | Lehman | 7.078 | 14 | 6.50%
|
| 7 | Wachovia | 7.056 | 27 | 6.48%
|
| 8 | Deutsche Bank | 6.087 | 15 | 5.59%
|
| 9 | Merrill Lynch | 5.041 | 13 | 4.63%
|
| 10 | GECC | 3.550 | 18 | 3.26%
|
| Total | 108.884 | 262
|
|
|
| Average size: | 0.416
|
|
|
|
|
| December 2005
|
| Lead | Amount | No. | Share
|
| 1 | Banc of America | 4.522 | 17 | 15.20%
|
| 2 | JPMorgan | 3.687 | 10 | 12.40%
|
| 3 | Goldman Sachs | 3.332 | 8 | 11.20%
|
| 4 | Wachovia | 2.992 | 8 | 10.06%
|
| 5 | CSFB | 2.451 | 6 | 8.24%
|
| 6 | Deutsche Bank | 2.250 | 5 | 7.56%
|
| 7 | GECC | 1.710 | 6 | 5.75%
|
| 8 | Merrill Lynch | 1.255 | 3 | 4.22%
|
| 9 | WFC | 1.000 | 1 | 3.36%
|
| 10 | Lehman | 1.000 | 3 | 3.36%
|
| Total | 29.747 | 74
|
|
|
| Average size: | 0.402
|
|
|
|
|
| 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.
• Deals must be $75 million or bigger for inclusion.
• All loans are leveraged: either the interest rate margin is 150 bps or higher or they are rated speculative-grade by Moody's Investors Service or Standard & Poor's.
• Includes 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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