Citigroup top leveraged loan arranger year to date

• Leveraged loan issuance totals $101.97 billion year to date

• Citigroup top leveraged loan arranger in February

• Leveraged loan issuance totals $45.03 billion in February

New York, Feb. 28 - Citigroup held on to its position as the top arranger of leveraged loans in February as new deal volume kept up a strong pace, according to data compiled by Prospect News.

Citi was number one both for February and for the first two months of the year combined. It had also been first in January.

JPMorgan, the top bank for all of 2005, is now second for the year so far, up from third in January, while Banc of America slipped to third for the year so far from second.

Also notable among the top 10 is Royal Bank of Scotland in ninth place year to date, up from 17th for the same period of 2005. Boosting the bank is its role as sole lead arranger for Supervalu Inc.'s $4 billion facility.

New issuance continued at very high levels, although it slipped back somewhat from January's pace.

February saw $45.03 billion of deals, nearly 50% above the $30.98 billion for February 2005. It was down, though, from January's $56.94 billion.

Year-to-date issuance now totals $101.97 billion, 72% above the $59.37 billion for the first two months of 2005.

Among February's major deals were Affiliated Computer Services Inc.'s $5 billion facility, HealthSouth Corp. $3.85 billion refinancing, Supervalu Inc.'s $4 billion, Cablevision Systems Corp.'s $2.4 billion facility, AWAS Aviation Holdings LLC's $2.05 billion and Chesapeake Energy Corp.'s $2 billion revolver.

The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.

Year to date 2006

2005 Comparables

	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	Citigroup	23.729	18	23.27%	4	5.755	15	9.69%
2	JPMorgan	15.775	30	15.47%	1	12.729	32	21.44%
3	Banc of America	13.309	23	13.05%	2	7.265	24	12.24%
4	Deutsche Bank	6.204	9	6.08%	5	5.152	14	8.68%
5	Credit Suisse	6.139	16	6.02%	3	6.416	17	10.81%
6	Wachovia	4.433	15	4.35%	6	3.063	11	5.16%
7	Morgan Stanley	4.304	6	4.22%	11	1.290	4	2.17%
8	UBS	4.174	7	4.09%	9	1.532	9	2.58%
9	RBS	4.062	2	3.98%	17	0.632	2	1.06%
10	Merrill Lynch	2.790	7	2.74%	13	1.015	4	1.71%
	Total	101.973	136	59.373	120
	Average size:	0.750	0.495
February 2006
					2005 Comparables
	Lead	Amount	No.	Share	Rank	Amount	No.	Share
1	Citigroup	9.833	7	21.84%	3	3.315	8	10.70%
2	JPMorgan	8.661	18	19.23%	1	8.442	15	27.25%
3	Banc of America	4.512	10	10.02%	5	2.442	8	7.88%
4	Credit Suisse	4.167	11	9.25%	2	3.532	6	11.40%
5	RBS	4.000	1	8.88%	14	0.417	1	1.35%
6	Deutsche Bank	1.804	5	4.01%	4	2.952	9	9.53%
7	Lehman	1.800	5	4.00%	11	0.586	3	1.89%
8	Merrill Lynch	1.638	3	3.64%	13	0.515	2	1.66%
9	BNP Paribas	1.375	2	3.05%	21	0.152	1	0.49%
10	Wachovia	1.230	6	2.73%	6	2.358	7	7.61%
	Total	45.030	64	30.977	52
	Average size:	0.704	0.596
Prospect News Leveraged Loan Arranger Rankings

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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