Total issuance: $26,707 million in 111 deals.
All amounts in millions of dollars.
Yield
<8% 1,375.00 5.15%
8%-8.99% 8,762.28 32.81%
9%-9.99% 8,353.89 31.28%
10%-10.99% 4,959.86 18.57%
11%-11.99% 1,882.19 7.05%
>=12% 1,373.32 5.14%
Total 26,706.54
Use of proceeds
Acquisition 528.37 1.98%
Acquisitions and other uses 1,696.25 6.35%
Repay bank debt 11,172.26 41.83%
Repay bank debt and other uses 6,481.03 24.27%
Refinancing (may include bank debt) 3,680.96 13.78%
Others 3,147.67 11.78%
Total 26,706.54
Moody's rating
Ba1 1,815.77 6.80%
Ba2 1,959.77 7.34%
Ba3 4,098.23 15.35%
B1 4,210.79 15.77%
B2 9,151.08 34.27%
B3 5,021.01 18.80%
Caa1 277.61 1.04%
Caa3 172.26 0.65%
Total 26,706.54
Upsized?
Yes 13,412.61 50.22%
No 12,839.02 48.07%
Downsized 454.91 1.70%
26,706.54
Add ons?
Yes 2,367.98 8.87%
No | 24,338.56 | 91.13% |
|
Total | 26,706.54
|
|
Seniority
|
|
First mortgage | 175.83 | 0.66%
|
Mortgage | 159.38 | 0.60%
|
Senior | 12,697.54 | 47.54%
|
Senior secured | 3,013.29 | 11.28%
|
Senior subordinated | 10,361.95 | 38.80%
|
Subordinated | 298.55 | 1.12%
|
Total | 26,706.54
|
|
|
Industry sector (by SIC code)
|
|
Oil and gas (13xx) | 2,433.82 | 9.11%
|
Builders (15xx) | 1,195.88 | 4.48%
|
Manufacturing (2xxx, 3xxx) | 10,279.78 | 38.49%
|
Communications (48xx) | 4,707.61 | 17.63%
|
Retail (5xxx) | 905.93 | 3.39%
|
Finance, insurance, real estate (6xxx) | 973.55 | 3.65%
|
Services (7xxx) | 3,809.20 | 14.26%
|
Health (8xxx) | 1,498.86 | 5.61%
|
Others | 901.93 | 3.38%
|
Total | 26,706.54
|
|
|
Criteria
* The tables include all 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.
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