Columns are amounts in billions of dollars, count of deals and percentage by dollar value.
Yield
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
3.99% and lower | 0.500 | 1.600 | 2.765 | 0 | 1.000 | 0 | 2.600 | 0.500 | 0 | 0.996 | 0.743 | 1.500 | 1.500 |
|
4%-4.99% | 4.850 | 6.650 | 10.887 | 0 | 0 | 0.071 | 2.243 | 0 | 1.098 | 1.747 | 1.954 | 2.588 | 3.288 |
|
5%-5.99% | 10.528 | 7.187 | 11.173 | 1.236 | 5.334 | 2.362 | 10.521 | 5.921 | 8.244 | 5.390 | 3.353 | 6.215 | 10.020 |
|
6%-6.99% | 7.700 | 2.289 | 10.604 | 4.759 | 3.963 | 3.547 | 10.599 | 10.648 | 7.941 | 6.235 | 8.565 | 1.990 | 9.127 |
|
7%-7.99% | 5.973 | 2.206 | 3.687 | 4.689 | 2.579 | 1.933 | 10.595 | 3.777 | 2.101 | 3.675 | 5.314 | 0.380 | 1.355 |
|
8%-8.99% | 1.543 | 1.575 | 2.553 | 0.419 | 3.488 | 3.985 | 6.146 | 3.753 | 3.645 | 2.379 | 0.103 | 0.880 | 1.979 |
|
9%-9.99% | 0.774 | 0.162 | 2.280 | 1.620 | 1.023 | 1.160 | 2.215 | 0.050 | 0.764 | 0.396 | 1.095 | 0.175 | 1.249 |
|
10%-10.99% | 1.604 | 0 | 0.867 | 0.200 | 1.073 | 0.467 | 0.675 | 0 | 0.176 | 1.434 | 0 | 0.907 | 0.821 |
|
11% and higher | 0.650 | 0.051 | 1.075 | 0.472 | 0 | 0.248 | 1.296 | 1.025 | 0.457 | 0.110 | 1.322 | 0.150 | 0.596 |
|
Floater | 0 | 0 | 0 | 0 | 0.375 | 0.175 | 0 | 0.404 | 0.300 | 0 | 0 | 0 | 0 |
|
NA | 0.394 | 1.036 | 0.282 | 0.229 | 0.208 | 0.005 | 0 | 0.182 | 0.947 | 0.050 | 0.075 | 0.101 | 1.120 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
3.99% and lower | 4.365 | 7 | 3.600 | 4 | 1.496 | 2 | 3.743 | 4 | 3.743 | 4 | 13.704 | 18 | 13.204 | 17 | 5.47%
|
4%-4.99% | 17.537 | 30 | 2.314 | 3 | 2.846 | 6 | 7.830 | 14 | 7.830 | 14 | 35.378 | 59 | 30.528 | 53 | 11.44%
|
5%-5.99% | 19.595 | 37 | 18.217 | 33 | 19.554 | 41 | 19.587 | 38 | 19.587 | 38 | 87.482 | 168 | 76.954 | 149 | 28.61%
|
6%-6.99% | 17.652 | 33 | 18.109 | 40 | 24.825 | 38 | 19.682 | 39 | 19.682 | 39 | 87.968 | 167 | 80.268 | 150 | 28.75%
|
7%-7.99% | 10.582 | 31 | 15.106 | 24 | 9.553 | 20 | 7.050 | 20 | 7.050 | 20 | 48.264 | 105 | 42.291 | 95 | 10.30%
|
8%-8.99% | 4.547 | 15 | 13.618 | 26 | 9.777 | 23 | 2.962 | 7 | 2.962 | 7 | 32.447 | 74 | 30.904 | 71 | 4.33%
|
9%-9.99% | 4.062 | 13 | 4.398 | 14 | 1.209 | 6 | 2.519 | 8 | 2.519 | 8 | 12.963 | 44 | 12.189 | 41 | 3.68%
|
10%-10.99% | 1.067 | 4 | 2.214 | 7 | 1.611 | 5 | 1.729 | 6 | 1.729 | 6 | 8.225 | 24 | 6.621 | 22 | 2.53%
|
11% and higher | 1.599 | 5 | 1.544 | 3 | 1.592 | 6 | 2.068 | 4 | 2.068 | 4 | 7.452 | 20 | 6.802 | 18 | 3.02%
|
Floater | 0 | 0 | 0.550 | 2 | 0.704 | 2 | 0 | 0 | 0 | 0 | 1.254 | 4 | 1.254 | 4 | 0.00%
|
NA | 1.546 | 16 | 0.213 | 5 | 1.179 | 5 | 1.296 | 4 | 1.296 | 4 | 4.629 | 37 | 4.235 | 30 | 1.89%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Versus Talk |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
Lower | 1.900 | 1.000 | 3.806 | 0 | 0.921 | 0 | 2.993 | 0 | 0 | 1.296 | 0.450 | 0 | 0 |
|
Low end | 14.337 | 10.866 | 13.951 | 0.900 | 9.587 | 2.579 | 6.662 | 10.474 | 11.392 | 11.572 | 12.958 | 9.394 | 18.058 |
|
Middle | 13.104 | 6.304 | 18.625 | 8.167 | 5.029 | 5.810 | 29.776 | 8.042 | 9.208 | 7.215 | 6.832 | 4.382 | 8.332 |
|
High end | 2.869 | 1.163 | 4.416 | 4.162 | 2.240 | 1.441 | 3.992 | 5.575 | 2.825 | 1.476 | 1.865 | 0.755 | 3.068 |
|
Higher | 0 | 0.594 | 1.000 | 0 | 0 | 0.250 | 0 | 0 | 0.246 | 0 | 0 | 0.175 | 0 |
|
NA | 2.307 | 2.829 | 4.376 | 0.394 | 1.265 | 3.872 | 3.467 | 2.170 | 2.002 | 0.852 | 0.419 | 0.180 | 1.598 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Lower | 4.806 | 8 | 3.915 | 5 | 1.296 | 2 | 0.450 | 1 | 0.450 | 1 | 12.367 | 19 | 10.467 | 16 | 0.66%
|
Low end | 25.717 | 57 | 18.828 | 42 | 33.437 | 65 | 40.411 | 78 | 40.411 | 78 | 132.730 | 271 | 118.393 | 242 | 59.02%
|
Middle | 33.095 | 61 | 40.616 | 64 | 24.465 | 47 | 19.547 | 36 | 19.547 | 36 | 130.827 | 225 | 117.722 | 208 | 28.55%
|
High end | 9.742 | 22 | 7.672 | 20 | 9.876 | 20 | 5.688 | 18 | 5.688 | 18 | 35.848 | 86 | 32.978 | 80 | 8.31%
|
Higher | 1.594 | 3 | 0.250 | 1 | 0.246 | 1 | 0.175 | 1 | 0.175 | 1 | 2.266 | 6 | 2.266 | 6 | 0.26%
|
NA | 7.599 | 40 | 8.603 | 29 | 5.024 | 19 | 2.197 | 10 | 2.197 | 10 | 25.729 | 113 | 23.423 | 98 | 3.21%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Upsized? |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
Yes | 17.160 | 9.762 | 21.169 | 4.007 | 8.600 | 6.516 | 19.894 | 14.700 | 7.193 | 6.122 | 5.492 | 8.906 | 12.194 |
|
No | 16.393 | 12.144 | 23.445 | 8.315 | 9.147 | 6.235 | 21.050 | 11.286 | 16.635 | 15.994 | 11.543 | 5.725 | 17.907 |
|
Downsized | 0.964 | 0.850 | 1.560 | 1.301 | 1.295 | 1.201 | 5.946 | 0.275 | 1.845 | 0.297 | 5.490 | 0.255 | 0.955 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 34.939 | 66 | 35.010 | 55 | 28.014 | 48 | 26.592 | 46 | 26.592 | 46 | 141.715 | 238 | 124.555 | 215 | 38.84%
|
No | 43.903 | 115 | 36.432 | 93 | 43.915 | 100 | 35.174 | 89 | 35.174 | 89 | 175.818 | 442 | 159.425 | 397 | 51.37%
|
Downsized | 3.711 | 10 | 8.442 | 13 | 2.417 | 6 | 6.700 | 9 | 6.700 | 9 | 22.234 | 40 | 21.270 | 38 | 9.79%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Quick Sale? |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
Yes | 18.960 | 16.517 | 28.195 | 5.573 | 11.851 | 9.031 | 21.219 | 20.692 | 19.182 | 14.438 | 8.955 | 7.340 | 18.445 |
|
No | 15.557 | 6.239 | 17.979 | 8.049 | 7.191 | 4.921 | 25.671 | 5.569 | 6.490 | 7.975 | 13.569 | 7.545 | 12.611 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Yes | 50.285 | 120 | 42.102 | 93 | 54.312 | 106 | 34.741 | 74 | 34.741 | 74 | 200.400 | 439 | 181.440 | 393 | 50.74%
|
No | 32.268 | 71 | 37.783 | 68 | 20.033 | 48 | 33.726 | 70 | 33.726 | 70 | 139.367 | 281 | 123.809 | 257 | 49.26%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Seniority |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
mortgage | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.610 | 0.898 | 0 | 0 | 0 | 0.062 |
|
senior secured | 5.974 | 3.146 | 8.666 | 1.498 | 3.880 | 0.834 | 4.171 | 5.471 | 2.994 | 2.602 | 2.482 | 4.313 | 6.786 |
|
secured | 0.157 | 0.914 | 0.336 | 0 | 0 | 0.209 | 0 | 0 | 0.512 | 0 | 0 | 0 | 0.213 |
|
senior | 27.000 | 18.691 | 34.947 | 10.504 | 15.154 | 12.903 | 41.391 | 19.018 | 19.268 | 16.228 | 17.957 | 10.048 | 23.980 |
|
senior subordinated | 0.762 | 0.005 | 1.475 | 0.623 | 0.008 | 0.005 | 1.240 | 1.000 | 0 | 1.600 | 0.335 | 0.375 | 0 |
|
subordinated | 0.625 | 0 | 0.750 | 0.999 | 0 | 0 | 0.088 | 0.162 | 2.000 | 1.982 | 1.750 | 0.150 | 0.015 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
mortgage | 0 | 0 | 0 | 0 | 1.508 | 3 | 0.062 | 1 | 0.062 | 1 | 1.570 | 4 | 1.570 | 4 | 0.09%
|
senior secured | 13.309 | 38 | 8.886 | 25 | 11.066 | 29 | 13.582 | 25 | 13.582 | 25 | 52.817 | 126 | 46.843 | 117 | 19.84%
|
secured | 1.250 | 7 | 0.209 | 1 | 0.512 | 1 | 0.213 | 1 | 0.213 | 1 | 2.341 | 11 | 2.184 | 10 | 0.31%
|
senior | 64.142 | 133 | 69.448 | 129 | 54.515 | 114 | 51.985 | 112 | 51.985 | 112 | 267.090 | 541 | 240.090 | 488 | 75.93%
|
senior subordinated | 2.103 | 11 | 1.253 | 5 | 2.600 | 4 | 0.710 | 2 | 0.710 | 2 | 7.429 | 27 | 6.667 | 22 | 1.04%
|
subordinated | 1.749 | 2 | 0.088 | 1 | 4.144 | 3 | 1.915 | 3 | 1.915 | 3 | 8.521 | 11 | 7.896 | 9 | 2.80%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Moody's Rating |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
Ba1 | 2.126 | 1.850 | 2.103 | 0.392 | 0.591 | 1.053 | 7.576 | 1.000 | 1.800 | 1.200 | 1.800 | 0.950 | 0 |
|
Ba2 | 3.500 | 4.400 | 0.826 | 1.849 | 0.900 | 0.750 | 7.654 | 3.959 | 3.655 | 2.682 | 0.510 | 0.750 | 2.475 |
|
Ba3 | 5.175 | 3.918 | 12.077 | 0.701 | 1.168 | 2.106 | 3.598 | 6.188 | 3.453 | 1.797 | 0.350 | 2.901 | 9.205 |
|
B1 | 9.795 | 2.620 | 5.988 | 4.419 | 4.222 | 1.301 | 10.393 | 3.283 | 3.534 | 6.576 | 3.685 | 4.949 | 3.363 |
|
B2 | 2.700 | 1.750 | 5.605 | 1.432 | 3.654 | 0.849 | 1.996 | 2.143 | 1.988 | 2.326 | 1.298 | 0.950 | 5.217 |
|
B3 | 3.747 | 1.474 | 8.663 | 1.566 | 3.355 | 1.248 | 8.194 | 2.215 | 3.180 | 3.815 | 1.321 | 3.222 | 4.668 |
|
Caa1 | 2.704 | 2.238 | 6.489 | 1.100 | 3.619 | 5.462 | 3.610 | 2.529 | 1.350 | 1.514 | 3.926 | 0.334 | 2.990 |
|
Caa2 | 0 | 1.050 | 2.551 | 2.011 | 0.737 | 0 | 2.654 | 2.885 | 1.800 | 2.100 | 1.385 | 0.680 | 0.646 |
|
Caa3 | 3.975 | 0 | 0 | 0 | 0 | 0.248 | 0 | 0 | 0 | 0.147 | 0 | 0 | 0 |
|
NR | 0.794 | 3.456 | 1.873 | 0.153 | 0.797 | 0.936 | 1.215 | 2.059 | 4.912 | 0.256 | 8.250 | 0.150 | 2.491 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Ba1 | 4.345 | 7 | 9.221 | 11 | 4.000 | 7 | 2.750 | 5 | 2.750 | 5 | 22.442 | 36 | 20.316 | 30 | 4.02%
|
Ba2 | 7.075 | 8 | 9.304 | 13 | 10.296 | 15 | 3.735 | 8 | 3.735 | 8 | 33.910 | 49 | 30.410 | 44 | 5.46%
|
Ba3 | 16.696 | 28 | 6.871 | 12 | 11.438 | 16 | 12.456 | 20 | 12.456 | 20 | 52.636 | 85 | 47.461 | 76 | 18.19%
|
B1 | 13.026 | 23 | 15.916 | 23 | 13.393 | 21 | 11.997 | 21 | 11.997 | 21 | 64.127 | 99 | 54.332 | 88 | 17.52%
|
B2 | 8.787 | 22 | 6.499 | 18 | 6.456 | 19 | 7.466 | 18 | 7.466 | 18 | 31.907 | 85 | 29.207 | 77 | 10.90%
|
B3 | 11.703 | 32 | 12.797 | 29 | 9.211 | 28 | 9.211 | 26 | 9.211 | 26 | 46.669 | 125 | 42.922 | 115 | 13.45%
|
Caa1 | 9.827 | 28 | 12.690 | 29 | 5.393 | 17 | 7.250 | 21 | 7.250 | 21 | 37.864 | 102 | 35.160 | 95 | 10.59%
|
Caa2 | 5.611 | 15 | 3.390 | 8 | 6.786 | 15 | 2.711 | 9 | 2.711 | 9 | 18.499 | 47 | 18.499 | 47 | 3.96%
|
Caa3 | 0 | 0 | 0.248 | 1 | 0.147 | 1 | 0 | 0 | 0 | 0 | 4.370 | 6 | 0.395 | 2 | 0.00%
|
NR | 5.483 | 28 | 2.948 | 17 | 7.227 | 15 | 10.891 | 16 | 10.891 | 16 | 27.343 | 86 | 26.549 | 76 | 15.91%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Use of Proceeds |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
Acquisition | 0 | 2.550 | 4.075 | 4.642 | 2.742 | 0.453 | 7.743 | 0.849 | 2.601 | 4.194 | 10.267 | 0 | 0.510 |
|
Capex | 0.543 | 2.532 | 0.425 | 0 | 0 | 0 | 0 | 0 | 1.000 | 0 | 0.321 | 0.079 | 0.213 |
|
Dividend/recap | 0.300 | 1.300 | 1.614 | 1.055 | 2.275 | 2.914 | 0.767 | 0.990 | 0.504 | 0.717 | 0.103 | 0.250 | 0.077 |
|
Exit financing | 0 | 0 | 0.420 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
GCP | 1.748 | 5.835 | 4.084 | 0.671 | 2.193 | 2.017 | 10.564 | 1.369 | 6.742 | 9.264 | 2.055 | 3.300 | 2.340 |
|
LBO | 3.889 | 0 | 0.350 | 0.850 | 0.575 | 2.166 | 1.575 | 2.678 | 0 | 0 | 0.525 | 0.255 | 1.000 |
|
No proceeds | 0.012 | 0.005 | 0 | 0.013 | 0.008 | 0.005 | 0 | 5.638 | 0 | 0 | 1.322 | 0 | 0.425 |
|
Redeem notes | 11.726 | 3.146 | 10.131 | 2.311 | 1.700 | 3.447 | 3.639 | 4.399 | 4.163 | 1.360 | 1.695 | 4.390 | 10.709 |
|
Refinance | 4.675 | 0.650 | 9.028 | 0.744 | 3.595 | 0.335 | 5.421 | 2.785 | 4.433 | 1.747 | 0.375 | 4.718 | 4.260 |
|
Repay bank debt | 9.339 | 4.332 | 9.873 | 2.345 | 3.640 | 1.510 | 2.721 | 3.717 | 2.128 | 1.679 | 2.642 | 1.611 | 4.390 |
|
Multiple/Other/NA | 2.284 | 2.407 | 6.174 | 0.990 | 2.314 | 1.105 | 14.460 | 3.837 | 4.102 | 3.451 | 3.220 | 0.282 | 7.132 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
|
|
| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
|
Acquisition | 11.267 | 16 | 10.938 | 15 | 7.644 | 19 | 10.777 | 15 | 10.777 | 15 | 40.626 | 65 | 40.626 | 65 | 15.74%
|
Capex | 2.957 | 9 | 0 | 0 | 1.000 | 1 | 0.613 | 3 | 0.613 | 3 | 5.113 | 15 | 4.569 | 13 | 0.90%
|
Dividend/recap | 3.969 | 11 | 5.957 | 13 | 2.211 | 8 | 0.430 | 3 | 0.430 | 3 | 12.867 | 36 | 12.567 | 35 | 0.63%
|
Exit financing | 0.420 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.420 | 1 | 0.420 | 1 | 0.00%
|
GCP | 10.591 | 32 | 14.774 | 28 | 17.374 | 30 | 7.695 | 25 | 7.695 | 25 | 52.182 | 122 | 50.434 | 115 | 11.24%
|
LBO | 1.200 | 5 | 4.316 | 7 | 2.678 | 6 | 1.780 | 3 | 1.780 | 3 | 13.862 | 23 | 9.973 | 21 | 2.60%
|
No proceeds | 0.019 | 6 | 0.013 | 4 | 5.638 | 5 | 1.747 | 2 | 1.747 | 2 | 7.429 | 21 | 7.417 | 17 | 2.55%
|
Redeem notes | 15.588 | 34 | 8.786 | 21 | 9.922 | 20 | 16.794 | 34 | 16.794 | 34 | 62.817 | 128 | 51.091 | 109 | 24.53%
|
Refinance | 10.422 | 20 | 9.351 | 18 | 8.964 | 21 | 9.354 | 19 | 9.354 | 19 | 42.766 | 88 | 38.091 | 78 | 13.66%
|
Repay bank debt | 16.550 | 35 | 7.871 | 25 | 7.525 | 19 | 8.642 | 22 | 8.642 | 22 | 49.927 | 117 | 40.588 | 101 | 12.62%
|
Multiple/Other/NA | 9.571 | 22 | 17.878 | 30 | 11.390 | 25 | 10.634 | 18 | 10.634 | 18 | 51.757 | 104 | 49.473 | 95 | 15.53%
|
Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 100.00%
|
|
|
Industry Sector (by SIC code) |
|
| 3/2013 | 4/2013 | 5/2013 | 6/2013 | 7/2013 | 8/2013 | 9/2013 | 10/2013 | 11/2013 | 12/2013 | 1/2014 | 2/2014 | 3/2014 |
|
Agriculture (0xxx) | 0 | 0 | 0 | 0 | 0 | 0 | 0.797 | 0.300 | 0 | 0 | 0 | 0 | 0 |
|
Mining (1xxx) | 0.699 | 1.250 | 2.860 | 0.153 | 0 | 0.596 | 1.044 | 0 | 0 | 0.747 | 0.454 | 0.200 | 1.911 |
|
Oil and gas (13xx) | 5.375 | 4.791 | 4.645 | 1.961 | 1.378 | 0.898 | 6.597 | 1.890 | 5.474 | 1.500 | 2.156 | 0.500 | 1.100 |
|
Construction (15xx) | 0.400 | 0.899 | 0.663 | 0 | 0.820 | 0.300 | 0.239 | 0.556 | 1.457 | 0.050 | 0.675 | 1.351 | 0.550 |
|
Manufacturing (2xxx, 3xxx) | 9.018 | 4.882 | 9.818 | 4.171 | 6.548 | 2.283 | 10.001 | 4.094 | 5.056 | 7.621 | 5.669 | 7.090 | 7.373 |
|
Transportation (4xxx) | 1.100 | 1.314 | 1.436 | 0.225 | 0.951 | 0.509 | 0 | 0.993 | 1.462 | 0.512 | 0.600 | 0 | 1.813 |
|
Communications (48xx) | 9.350 | 4.411 | 9.399 | 0 | 1.150 | 2.071 | 8.151 | 7.461 | 3.455 | 4.250 | 0.335 | 0 | 1.338 |
|
Electric, gas, sanitary services (49xx) | 0.450 | 2.612 | 2.180 | 1.829 | 0 | 0.406 | 1.640 | 3.334 | 2.235 | 0.110 | 1.500 | 1.286 | 2.574 |
|
Wholesale (5xxx) | 0.736 | 1.212 | 4.324 | 1.270 | 2.314 | 0.626 | 0.719 | 3.292 | 0.784 | 0.506 | 0 | 0.455 | 1.130 |
|
Finance, insurance, real estate (6xxx) | 2.674 | 0.586 | 5.808 | 2.094 | 4.440 | 1.533 | 4.380 | 0.816 | 3.197 | 4.163 | 5.543 | 1.325 | 3.738 |
|
Services (7xxx) | 3.115 | 0.800 | 3.140 | 1.920 | 1.274 | 4.729 | 8.722 | 3.124 | 1.852 | 2.928 | 1.593 | 2.679 | 4.066 |
|
Health services (8xxx) | 1.600 | 0 | 1.900 | 0 | 0.168 | 0 | 4.600 | 0.400 | 0.700 | 0.026 | 4.000 | 0 | 5.462 |
|
Total | 34.517 | 22.756 | 46.174 | 13.623 | 19.042 | 13.952 | 46.890 | 26.261 | 25.672 | 22.412 | 22.525 | 14.886 | 31.056 |
|
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| Q2/2013 | Count | Q3/2013 | Count | Q4/2013 | Count | Q1/2014 | Count | YTD | Count | Total | Count | Last 12 months | Count | YTD Share
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Agriculture (0xxx) | 0 | 0 | 0.797 | 2 | 0.300 | 1 | 0 | 0 | 0 | 0 | 1.097 | 3 | 1.097 | 3 | 0.00%
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Mining (1xxx) | 4.263 | 8 | 1.640 | 4 | 0.747 | 3 | 2.566 | 9 | 2.566 | 9 | 9.914 | 26 | 9.216 | 24 | 3.75%
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Oil and gas (13xx) | 11.397 | 28 | 8.873 | 21 | 8.865 | 21 | 3.756 | 10 | 3.756 | 10 | 38.266 | 88 | 32.891 | 80 | 5.49%
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Construction (15xx) | 1.562 | 5 | 1.359 | 6 | 2.063 | 8 | 2.575 | 8 | 2.575 | 8 | 7.959 | 28 | 7.559 | 27 | 3.76%
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Manufacturing (2xxx, 3xxx) | 18.870 | 40 | 18.833 | 38 | 16.771 | 36 | 20.132 | 42 | 20.132 | 42 | 83.624 | 173 | 74.606 | 156 | 29.40%
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Transportation (4xxx) | 2.975 | 12 | 1.460 | 4 | 2.967 | 8 | 2.413 | 7 | 2.413 | 7 | 10.915 | 35 | 9.815 | 31 | 3.52%
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Communications (48xx) | 13.810 | 19 | 11.372 | 15 | 15.166 | 18 | 1.673 | 5 | 1.673 | 5 | 51.371 | 65 | 42.021 | 57 | 2.44%
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Electric, gas, sanitary services (49xx) | 6.622 | 13 | 2.046 | 3 | 5.679 | 12 | 5.360 | 9 | 5.360 | 9 | 20.156 | 38 | 19.706 | 37 | 7.83%
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Wholesale (5xxx) | 6.806 | 18 | 3.659 | 9 | 4.583 | 14 | 1.585 | 5 | 1.585 | 5 | 17.369 | 49 | 16.633 | 46 | 2.31%
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Finance, insurance, real estate (6xxx) | 8.488 | 28 | 10.353 | 32 | 8.176 | 10 | 10.606 | 21 | 10.606 | 21 | 40.297 | 104 | 37.623 | 91 | 15.49%
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Services (7xxx) | 5.860 | 17 | 14.725 | 24 | 7.904 | 19 | 8.339 | 20 | 8.339 | 20 | 39.942 | 88 | 36.827 | 80 | 12.18%
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Health services (8xxx) | 1.900 | 3 | 4.768 | 3 | 1.126 | 4 | 9.462 | 8 | 9.462 | 8 | 18.855 | 23 | 17.255 | 18 | 13.82%
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Total | 82.553 | 191 | 79.885 | 161 | 74.346 | 154 | 68.467 | 144 | 68.467 | 144 | 339.767 | 720 | 305.250 | 650 | 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.
• Emerging markets issues are excluded.
• 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.
• 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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