Columns are amounts in billions of dollars, count of deals and percentage by dollar value.
Yield
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
5.99% and lower | 0.994 | 0 | 1.644 | 1.150 | 1.124 | 0.394 | 2.080 | 2.250 | 1.300 | 3.838 | 4.178 | 0 | 1.000 |
|
6%-6.99% | 3.392 | 3.250 | 4.570 | 6.200 | 6.574 | 4.907 | 6.461 | 4.815 | 8.721 | 7.856 | 15.146 | 1.700 | 5.100 |
|
7%-7.99% | 4.042 | 7.113 | 14.619 | 12.343 | 11.473 | 4.588 | 11.101 | 3.740 | 14.673 | 4.314 | 7.682 | 8.131 | 3.550 |
|
8%-8.99% | 2.428 | 5.420 | 5.364 | 4.289 | 4.557 | 6.759 | 8.440 | 4.161 | 4.834 | 5.911 | 15.991 | 1.837 | 2.558 |
|
9%-9.99% | 3.797 | 3.855 | 5.515 | 8.547 | 4.409 | 3.615 | 2.407 | 3.508 | 2.039 | 2.767 | 2.962 | 0.644 | 1.685 |
|
10%-10.99% | 1.573 | 0.987 | 4.606 | 2.084 | 2.051 | 2.746 | 1.757 | 1.186 | 1.411 | 1.015 | 1.849 | 2.355 | 1.281 |
|
11%-11.99% | 1.037 | 1.993 | 0.641 | 0.099 | 1.639 | 0 | 0.277 | 2.370 | 1.048 | 2.147 | 0.624 | 0.524 | 0.815 |
|
12% and higher | 1.425 | 0.923 | 1.000 | 0.910 | 0.612 | 0.794 | 1.111 | 0.445 | 0 | 0.405 | 0.250 | 0.907 | 1.980 |
|
Floater | 0 | 0 | 0 | 0 | 0 | 0.650 | 0 | 1.250 | 0.950 | 1.050 | 0.850 | 0.200 | 0 |
|
NA | 0.205 | 0 | 0.156 | 0 | 0.100 | 0 | 0.446 | 0.128 | 1.391 | 1.603 | 0.773 | 0 | 0 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
5.99% and lower | 2.638 | 4 | 2.668 | 6 | 5.630 | 7 | 8.016 | 15 | 1.000 | 1 | 14.646 | 23 | 19.953 | 33 | 18.958 | 32 | 6.98%
|
6%-6.99% | 11.212 | 19 | 17.681 | 33 | 19.997 | 44 | 24.702 | 43 | 5.100 | 5 | 49.799 | 92 | 78.692 | 144 | 75.300 | 139 | 23.74%
|
7%-7.99% | 25.774 | 44 | 28.404 | 48 | 29.514 | 58 | 20.127 | 39 | 3.550 | 4 | 53.191 | 101 | 107.370 | 193 | 103.328 | 186 | 25.36%
|
8%-8.99% | 13.212 | 27 | 15.605 | 35 | 17.434 | 43 | 23.738 | 48 | 2.558 | 5 | 43.731 | 96 | 72.547 | 158 | 70.119 | 154 | 20.85%
|
9%-9.99% | 13.166 | 30 | 16.571 | 39 | 7.953 | 21 | 6.373 | 24 | 1.685 | 4 | 16.010 | 49 | 45.747 | 118 | 41.951 | 110 | 7.63%
|
10%-10.99% | 7.165 | 17 | 6.882 | 22 | 4.354 | 15 | 5.219 | 20 | 1.281 | 2 | 10.854 | 37 | 24.901 | 76 | 23.329 | 72 | 5.17%
|
11%-11.99% | 3.671 | 14 | 1.738 | 6 | 3.695 | 14 | 3.295 | 9 | 0.815 | 4 | 7.806 | 27 | 13.215 | 47 | 12.178 | 43 | 3.72%
|
12% and higher | 3.348 | 12 | 2.317 | 10 | 1.556 | 7 | 1.562 | 7 | 1.980 | 7 | 5.099 | 21 | 10.764 | 43 | 9.340 | 40 | 2.43%
|
Floater | 0 | 0 | 0.650 | 1 | 2.200 | 4 | 2.100 | 4 | 0 | 0 | 4.300 | 8 | 4.950 | 9 | 4.950 | 9 | 2.05%
|
NA | 0.362 | 4 | 0.100 | 1 | 1.965 | 5 | 2.377 | 5 | 0 | 0 | 4.341 | 10 | 4.803 | 15 | 4.598 | 13 | 2.07%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Versus Talk |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Lower | 1.654 | 0.542 | 4.489 | 6.115 | 0.200 | 0.500 | 2.994 | 0.636 | 0 | 0.200 | 0.550 | 0 | 0.157 |
|
Low end | 7.838 | 6.149 | 14.194 | 14.147 | 9.323 | 9.206 | 15.595 | 8.270 | 7.808 | 7.149 | 15.668 | 2.399 | 3.450 |
|
Middle | 4.659 | 7.531 | 10.310 | 8.781 | 12.052 | 6.962 | 10.655 | 9.129 | 17.101 | 11.886 | 21.760 | 4.550 | 7.081 |
|
High end | 0.991 | 6.331 | 2.860 | 1.582 | 5.281 | 2.557 | 2.168 | 3.252 | 6.171 | 3.337 | 8.106 | 6.549 | 5.300 |
|
Higher | 0 | 0.954 | 0.269 | 0.638 | 2.938 | 2.300 | 0.244 | 0.194 | 1.865 | 0 | 2.066 | 1.390 | 0.747 |
|
NA | 3.749 | 2.035 | 5.993 | 4.360 | 2.745 | 2.928 | 2.425 | 2.372 | 3.423 | 8.334 | 2.156 | 1.409 | 1.234 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Lower | 6.685 | 12 | 6.815 | 10 | 3.629 | 9 | 0.750 | 2 | 0.157 | 1 | 4.536 | 12 | 18.036 | 34 | 16.382 | 32 | 2.16%
|
Low end | 28.181 | 58 | 32.676 | 69 | 31.673 | 69 | 25.216 | 57 | 3.450 | 7 | 60.339 | 133 | 121.196 | 260 | 113.357 | 246 | 28.76%
|
Middle | 22.501 | 42 | 27.795 | 59 | 36.885 | 84 | 38.196 | 70 | 7.081 | 17 | 82.162 | 171 | 132.458 | 272 | 127.799 | 264 | 39.17%
|
High end | 10.182 | 19 | 9.420 | 22 | 11.592 | 21 | 17.992 | 39 | 5.300 | 3 | 34.884 | 63 | 54.485 | 104 | 53.494 | 103 | 16.63%
|
Higher | 1.223 | 4 | 5.876 | 9 | 2.303 | 5 | 3.455 | 7 | 0.747 | 1 | 6.505 | 13 | 13.604 | 26 | 13.604 | 26 | 3.10%
|
NA | 11.777 | 36 | 10.033 | 32 | 8.219 | 30 | 11.899 | 39 | 1.234 | 3 | 21.352 | 72 | 43.163 | 140 | 39.414 | 127 | 10.18%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Upsized? |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Yes | 5.129 | 8.179 | 16.663 | 11.332 | 9.747 | 9.999 | 14.416 | 9.279 | 11.368 | 7.968 | 15.207 | 2.652 | 11.172 |
|
No | 12.263 | 14.946 | 19.547 | 23.242 | 20.731 | 13.579 | 19.420 | 13.098 | 23.611 | 21.794 | 29.669 | 13.646 | 6.246 |
|
Downsized | 1.499 | 0.417 | 1.906 | 1.050 | 2.062 | 0.875 | 0.244 | 1.475 | 1.388 | 1.144 | 5.428 | 0 | 0.551 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 29.970 | 54 | 31.077 | 58 | 35.064 | 78 | 25.827 | 53 | 11.172 | 13 | 72.063 | 144 | 133.109 | 256 | 127.981 | 246 | 34.35%
|
No | 46.756 | 108 | 57.551 | 134 | 56.130 | 134 | 65.110 | 151 | 6.246 | 16 | 127.486 | 301 | 231.793 | 543 | 219.530 | 518 | 60.77%
|
Downsized | 3.822 | 9 | 3.987 | 9 | 3.107 | 6 | 6.572 | 10 | 0.551 | 3 | 10.231 | 19 | 18.040 | 37 | 16.540 | 34 | 4.88%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Quick Sale? |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Yes | 9.194 | 15.962 | 17.617 | 16.268 | 19.859 | 12.855 | 16.996 | 10.812 | 21.793 | 17.271 | 25.216 | 3.863 | 10.510 |
|
No | 9.698 | 7.580 | 20.498 | 19.355 | 12.680 | 11.598 | 17.085 | 13.040 | 14.574 | 13.635 | 25.089 | 12.435 | 7.459 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 42.773 | 82 | 48.983 | 104 | 49.601 | 114 | 46.349 | 93 | 10.510 | 14 | 106.460 | 221 | 198.216 | 407 | 189.022 | 392 | 50.75%
|
No | 37.775 | 89 | 43.633 | 97 | 44.699 | 104 | 51.160 | 121 | 7.459 | 18 | 103.318 | 243 | 184.726 | 429 | 175.029 | 406 | 49.25%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Seniority |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
mortgage | 1.320 | 0 | 0 | 0.400 | 0 | 0 | 0 | 0 | 0 | 0 | 0.107 | 0 | 0 |
|
senior secured | 5.654 | 5.187 | 6.487 | 8.308 | 5.289 | 5.191 | 9.012 | 5.714 | 7.215 | 6.593 | 8.380 | 1.763 | 9.454 |
|
secured | 0 | 0 | 0 | 0 | 0 | 0.077 | 0.154 | 0.235 | 0 | 0 | 0 | 0.231 | 0 |
|
senior | 11.167 | 18.155 | 29.928 | 25.177 | 26.751 | 16.885 | 24.379 | 17.328 | 28.628 | 23.922 | 40.867 | 14.054 | 8.965 |
|
senior subordinated | 0.500 | 0.200 | 1.700 | 1.616 | 0.500 | 2.300 | 0.535 | 0.575 | 0.525 | 0.390 | 0.950 | 0.250 | 0 |
|
subordinated | 0.250 | 0 | 0 | 0.123 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
mortgage | 1.320 | 1 | 0.400 | 1 | 0 | 0 | 0.107 | 1 | 0 | 0 | 0.107 | 1 | 1.827 | 3 | 0.507 | 2 | 0.05%
|
senior secured | 17.328 | 39 | 18.787 | 40 | 21.941 | 48 | 16.737 | 51 | 9.454 | 13 | 48.132 | 112 | 84.246 | 191 | 78.592 | 181 | 22.94%
|
secured | 0 | 0 | 0.077 | 1 | 0.389 | 3 | 0.231 | 3 | 0 | 0 | 0.620 | 6 | 0.697 | 7 | 0.697 | 7 | 0.30%
|
senior | 59.250 | 123 | 68.812 | 147 | 70.336 | 160 | 78.844 | 154 | 8.515 | 19 | 157.695 | 333 | 285.757 | 603 | 274.590 | 578 | 75.17%
|
senior subordinated | 2.400 | 7 | 4.416 | 11 | 1.635 | 7 | 1.590 | 5 | 0 | 0 | 3.225 | 12 | 10.041 | 30 | 9.541 | 29 | 1.54%
|
subordinated | 0.250 | 1 | 0.123 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.373 | 2 | 0.123 | 1 | 0.00%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Moody's Rating |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Ba1 | 2.985 | 2.419 | 4.596 | 1.250 | 1.797 | 1.500 | 0.696 | 0.446 | 0 | 3.281 | 5.115 | 1.100 | 0.400 |
|
Ba2 | 1.100 | 1.742 | 2.723 | 2.600 | 1.407 | 1.425 | 1.592 | 1.714 | 1.161 | 3.906 | 2.495 | 0.450 | 5.407 |
|
Ba3 | 4.969 | 2.074 | 5.545 | 5.683 | 4.106 | 1.294 | 5.550 | 3.807 | 6.153 | 2.231 | 9.059 | 0.900 | 2.689 |
|
B1 | 2.492 | 5.725 | 8.240 | 6.140 | 5.008 | 6.535 | 4.387 | 5.515 | 5.979 | 4.279 | 8.647 | 3.750 | 0.400 |
|
B2 | 2.247 | 2.273 | 5.205 | 5.164 | 4.307 | 4.185 | 5.047 | 2.382 | 3.891 | 6.162 | 7.301 | 2.121 | 0.815 |
|
B3 | 1.882 | 6.612 | 5.700 | 5.995 | 6.123 | 3.923 | 6.963 | 3.357 | 11.479 | 4.823 | 7.388 | 3.860 | 4.635 |
|
Caa1 | 2.167 | 2.438 | 2.578 | 7.026 | 6.379 | 2.325 | 1.799 | 5.189 | 3.083 | 3.042 | 3.911 | 2.271 | 2.734 |
|
Caa2 | 0 | 0 | 1.199 | 0.461 | 1.612 | 0 | 2.390 | 0.714 | 0.132 | 0 | 1.193 | 1.276 | 0.078 |
|
Caa3 | 0 | 0 | 0 | 0 | 0 | 0.500 | 0.454 | 0.578 | 0 | 0 | 0 | 0 | 0 |
|
NR | 1.049 | 0.259 | 2.330 | 1.305 | 1.800 | 2.766 | 5.205 | 0.151 | 4.489 | 3.182 | 5.196 | 0.570 | 0.811 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Ba1 | 10.000 | 15 | 4.547 | 10 | 1.142 | 3 | 9.497 | 18 | 0.400 | 1 | 11.038 | 22 | 25.585 | 47 | 22.600 | 43 | 5.26%
|
Ba2 | 5.564 | 9 | 5.432 | 9 | 4.467 | 11 | 6.851 | 13 | 5.407 | 5 | 16.725 | 29 | 27.721 | 47 | 26.621 | 45 | 7.97%
|
Ba3 | 12.588 | 22 | 11.084 | 21 | 15.509 | 31 | 12.190 | 20 | 2.689 | 3 | 30.388 | 54 | 54.060 | 97 | 49.091 | 88 | 14.49%
|
B1 | 16.458 | 34 | 17.683 | 29 | 15.880 | 35 | 16.676 | 25 | 0.400 | 1 | 32.956 | 61 | 67.097 | 124 | 64.605 | 120 | 15.71%
|
B2 | 9.725 | 26 | 13.656 | 34 | 11.319 | 29 | 15.583 | 35 | 0.815 | 4 | 27.718 | 68 | 51.099 | 128 | 48.852 | 122 | 13.21%
|
B3 | 14.193 | 29 | 16.041 | 41 | 21.799 | 48 | 16.072 | 47 | 4.635 | 9 | 42.505 | 104 | 72.740 | 174 | 70.858 | 171 | 20.26%
|
Caa1 | 7.184 | 16 | 15.730 | 28 | 10.071 | 23 | 9.224 | 25 | 2.734 | 5 | 22.030 | 53 | 44.943 | 97 | 42.776 | 93 | 10.50%
|
Caa2 | 1.199 | 3 | 2.073 | 6 | 3.237 | 11 | 2.468 | 6 | 0.078 | 1 | 5.783 | 18 | 9.054 | 27 | 9.054 | 27 | 2.76%
|
Caa3 | 0 | 0 | 0.500 | 1 | 1.031 | 4 | 0 | 0 | 0 | 0 | 1.031 | 4 | 1.531 | 5 | 1.531 | 5 | 0.49%
|
NR | 3.638 | 17 | 5.870 | 22 | 9.845 | 23 | 8.948 | 25 | 0.811 | 3 | 19.604 | 51 | 29.111 | 90 | 28.063 | 84 | 9.35%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Use of Proceeds |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Acquisition | 0.585 | 0.700 | 4.206 | 4.667 | 2.521 | 1.341 | 1.537 | 1.395 | 0.505 | 1.070 | 5.941 | 4.122 | 0.121 |
|
Capex | 0 | 0.710 | 0 | 0 | 0.364 | 0 | 1.008 | 0.084 | 0 | 0.350 | 0.757 | 0.500 | 0 |
|
Chapter 11 exit | 0 | 0.452 | 0.850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Dividend/recap | 0 | 1.543 | 0 | 0.693 | 3.751 | 0 | 1.155 | 1.104 | 1.500 | 3.015 | 1.973 | 0.100 | 0 |
|
Exit financing | 0 | 0 | 0 | 0 | 0.385 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
GCP | 4.749 | 3.158 | 5.871 | 2.840 | 3.003 | 5.254 | 4.824 | 3.670 | 8.475 | 3.398 | 7.026 | 1.205 | 1.436 |
|
LBO | 1.564 | 0.774 | 2.375 | 2.075 | 0.660 | 1.490 | 2.885 | 1.690 | 2.925 | 0 | 1.905 | 1.636 | 2.092 |
|
Redeem notes | 2.295 | 6.284 | 10.179 | 7.818 | 10.190 | 2.460 | 6.481 | 2.715 | 9.741 | 3.166 | 3.227 | 1.028 | 8.730 |
|
Refinance | 2.746 | 1.044 | 2.471 | 5.627 | 4.112 | 5.168 | 2.225 | 4.217 | 1.564 | 3.331 | 9.469 | 1.570 | 1.001 |
|
Repay bank debt | 2.479 | 7.660 | 8.326 | 6.089 | 6.547 | 4.916 | 10.040 | 4.213 | 3.308 | 4.709 | 7.108 | 1.302 | 1.175 |
|
Multiple/Other/NA | 4.473 | 1.216 | 3.838 | 5.813 | 1.006 | 3.825 | 3.926 | 4.763 | 8.350 | 11.866 | 12.900 | 4.835 | 3.414 |
|
Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
|
|
|
| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Acquisition | 5.491 | 14 | 8.528 | 20 | 3.437 | 9 | 11.133 | 18 | 0.121 | 1 | 14.691 | 28 | 28.711 | 62 | 28.126 | 60 | 7.00%
|
Capex | 0.710 | 2 | 0.364 | 2 | 1.092 | 5 | 1.608 | 6 | 0 | 0 | 2.700 | 11 | 3.774 | 15 | 3.774 | 15 | 1.29%
|
Chapter 11 exit | 1.302 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.302 | 2 | 1.302 | 2 | 0.00%
|
Dividend/recap | 1.543 | 3 | 4.444 | 9 | 3.759 | 12 | 5.087 | 15 | 0 | 0 | 8.846 | 27 | 14.833 | 39 | 14.833 | 39 | 4.22%
|
Exit financing | 0 | 0 | 0.385 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.385 | 1 | 0.385 | 1 | 0.00%
|
GCP | 13.778 | 23 | 11.097 | 29 | 16.969 | 34 | 11.629 | 24 | 1.436 | 3 | 30.034 | 61 | 54.909 | 113 | 50.159 | 107 | 14.32%
|
LBO | 4.713 | 9 | 4.225 | 8 | 7.500 | 13 | 3.541 | 8 | 2.092 | 6 | 13.133 | 27 | 22.071 | 44 | 20.507 | 41 | 6.26%
|
Redeem notes | 18.759 | 37 | 20.469 | 44 | 18.937 | 45 | 7.421 | 22 | 8.730 | 7 | 35.089 | 74 | 74.316 | 155 | 72.021 | 151 | 16.73%
|
Refinance | 6.261 | 15 | 14.907 | 27 | 8.006 | 19 | 14.370 | 28 | 1.001 | 4 | 23.377 | 51 | 44.545 | 93 | 41.798 | 88 | 11.14%
|
Repay bank debt | 18.465 | 41 | 17.552 | 35 | 17.562 | 38 | 13.119 | 29 | 1.175 | 4 | 31.855 | 71 | 67.873 | 147 | 65.394 | 143 | 15.19%
|
Multiple/Other/NA | 9.527 | 25 | 10.644 | 26 | 17.039 | 43 | 29.601 | 64 | 3.414 | 7 | 50.054 | 114 | 70.225 | 165 | 65.751 | 151 | 23.86%
|
Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
|
|
|
Industry Sector (by SIC code) |
|
|
|
| 7/2010 | 8/2010 | 9/2010 | 10/2010 | 11/2010 | 12/2010 | 1/2011 | 2/2011 | 3/2011 | 4/2011 | 5/2011 | 6/2011 | 7/2011 |
|
Agriculture (0xxx) | 0.690 | 0 | 0.204 | 0.949 | 0.300 | 0 | 0 | 0 | 0.247 | 0 | 1.380 | 0 | 0 |
|
Mining (1xxx) | 0.103 | 1.797 | 0.700 | 3.440 | 0.554 | 1.500 | 0 | 0.477 | 1.325 | 2.238 | 3.500 | 3.950 | 0.750 |
|
Oil and gas (13xx) | 1.464 | 3.983 | 4.060 | 2.045 | 2.510 | 1.797 | 1.953 | 4.304 | 3.923 | 1.399 | 9.769 | 0.802 | 0.976 |
|
Construction (15xx) | 0 | 0 | 0 | 0.495 | 0.246 | 0.678 | 0.438 | 0.644 | 0.900 | 0.013 | 0.750 | 0 | 0 |
|
Manufacturing (2xxx, 3xxx) | 6.346 | 6.495 | 14.200 | 9.226 | 8.924 | 10.055 | 12.092 | 8.032 | 8.846 | 8.496 | 12.254 | 3.414 | 7.119 |
|
Transportation (4xxx) | 1.085 | 1.042 | 1.382 | 1.193 | 0.595 | 1.512 | 1.404 | 1.072 | 1.000 | 0.200 | 1.989 | 0.431 | 0 |
|
Communications (48xx) | 1.438 | 0.466 | 4.286 | 2.375 | 5.073 | 2.568 | 4.517 | 2.750 | 7.471 | 1.210 | 7.089 | 4.125 | 1.462 |
|
Electric, gas, sanitary services (49xx) | 1.091 | 1.646 | 3.719 | 5.639 | 1.996 | 1.940 | 3.125 | 0 | 0.821 | 1.809 | 5.093 | 1.000 | 0 |
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Wholesale (5xxx) | 0.787 | 1.099 | 2.111 | 2.784 | 3.520 | 0.591 | 2.571 | 1.425 | 3.303 | 2.978 | 1.000 | 0 | 1.100 |
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Finance, insurance, real estate (6xxx) | 2.496 | 3.585 | 2.919 | 2.942 | 1.647 | 1.220 | 3.647 | 4.001 | 5.647 | 7.849 | 4.741 | 0 | 5.064 |
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Services (7xxx) | 3.115 | 2.503 | 1.990 | 2.444 | 5.649 | 2.192 | 3.889 | 0.619 | 1.868 | 3.711 | 2.189 | 1.862 | 0.948 |
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Health services (8xxx) | 0.275 | 0.925 | 2.543 | 2.090 | 1.525 | 0.400 | 0.444 | 0.527 | 1.016 | 1.004 | 0.550 | 0.715 | 0.550 |
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Total | 18.891 | 23.542 | 38.115 | 35.623 | 32.539 | 24.453 | 34.081 | 23.852 | 36.367 | 30.906 | 50.305 | 16.298 | 17.969 |
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| Q3/2010 | Count | Q4/2010 | Count | Q1/2011 | Count | Q2/2011 | Count | Q3/2011 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
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Agriculture (0xxx) | 0.895 | 2 | 1.249 | 4 | 0.247 | 1 | 1.380 | 2 | 0 | 0 | 1.627 | 3 | 3.771 | 9 | 3.080 | 8 | 0.78%
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Mining (1xxx) | 2.601 | 6 | 5.495 | 7 | 1.802 | 6 | 9.688 | 18 | 0.750 | 1 | 12.240 | 25 | 20.336 | 38 | 20.232 | 37 | 5.83%
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Oil and gas (13xx) | 9.507 | 18 | 6.352 | 16 | 10.181 | 27 | 11.970 | 24 | 0.976 | 4 | 23.127 | 55 | 38.986 | 89 | 37.523 | 87 | 11.02%
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Construction (15xx) | 0 | 0 | 1.419 | 5 | 1.982 | 7 | 0.763 | 2 | 0 | 0 | 2.744 | 9 | 4.164 | 14 | 4.164 | 14 | 1.31%
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Manufacturing (2xxx, 3xxx) | 27.041 | 56 | 28.205 | 57 | 28.970 | 61 | 24.164 | 53 | 7.119 | 14 | 60.253 | 128 | 115.500 | 241 | 109.153 | 229 | 28.72%
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Transportation (4xxx) | 3.509 | 7 | 3.301 | 11 | 3.476 | 10 | 2.620 | 11 | 0 | 0 | 6.096 | 21 | 12.906 | 39 | 11.821 | 36 | 2.91%
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Communications (48xx) | 6.191 | 12 | 10.016 | 20 | 14.739 | 24 | 12.424 | 17 | 1.462 | 3 | 28.625 | 44 | 44.832 | 76 | 43.394 | 73 | 13.65%
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Electric, gas, sanitary services (49xx) | 6.456 | 10 | 9.576 | 18 | 3.946 | 8 | 7.902 | 14 | 0 | 0 | 11.848 | 22 | 27.880 | 50 | 26.789 | 49 | 5.65%
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Wholesale (5xxx) | 3.997 | 10 | 6.895 | 17 | 7.299 | 18 | 3.978 | 13 | 1.100 | 3 | 12.377 | 34 | 23.269 | 61 | 22.482 | 59 | 5.90%
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Finance, insurance, real estate (6xxx) | 9.000 | 21 | 5.808 | 16 | 13.294 | 29 | 12.590 | 28 | 5.064 | 3 | 30.949 | 60 | 45.757 | 97 | 43.261 | 90 | 14.75%
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Services (7xxx) | 7.608 | 19 | 10.285 | 23 | 6.375 | 18 | 7.762 | 27 | 0.948 | 2 | 15.085 | 47 | 32.978 | 89 | 29.863 | 84 | 7.19%
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Health services (8xxx) | 3.743 | 10 | 4.015 | 7 | 1.988 | 9 | 2.269 | 5 | 0.550 | 2 | 4.807 | 16 | 12.565 | 33 | 12.290 | 32 | 2.29%
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Total | 80.548 | 171 | 92.615 | 201 | 94.301 | 218 | 97.509 | 214 | 17.969 | 32 | 209.779 | 464 | 382.942 | 836 | 364.051 | 798 | 100.00%
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Criteria
• The tables include all underwritten dollar-denominated offerings sold in the U.S. as public or Rule 144A deals reported to Prospect News.
• Offerings are included in the time period in which they price.
• Issues maturing in 397 days or less are excluded.
• Convertibles, trust preferreds, capital securities and preferred stock are excluded.
• Fixed-rate medium-term notes with a face value above $100 million are included. All other MTNs are excluded.
• Deals rated investment-grade by either Standard & Poor's or Moody's Investors Service are excluded but deals not rated by both are included.
• Amounts are based on the total sales price (face amount multiplied by the offering price
• Units made up of a bond and a warrant are included; other units are excluded.
• Sovereign issues are excluded.
• Each tranche is counted as a separate deal.
• Passthroughs, collateral trust and equipment trust certificates are included.
• Best efforts and non-underwritten deals are excluded as are remarketings.
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