• Leveraged loan issuance totals $13.979 billion for February
New York, Feb. 26 - Bank of America was once again on top of the leveraged loan league tables bringing $2.909 billion of loans in February in 12 deals, according to data compiled by Prospect News.
Deutsche Bank came in second place with $1.656 billion in loans in three deals and JPMorgan came in third at $1.275 billion in six deals. All other banks had under $1 billion for the month.
Total issuance for the month was $13.979 billion. That was down from $35.5 billion in January but well above the $5.116 billion that was seen in February 2009.
The Prospect News figures cover dollar-denominated deals in the United States for borrowers with $75 million or more of bank debt outstanding. Debtor-in-possession facilities are included. Credit for deals is divided among the lead arrangers.
Year to date
2009 Comparables
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 8.209 | 31 | 23.12% | 3 | 1.317 | 10 | 8.24%
|
| 2 | JPMorgan | 5.501 | 19 | 15.50% | 4 | 1.017 | 5 | 6.36%
|
| 3 | Deutsche Bank | 3.689 | 7 | 10.39% | 2 | 1.450 | 2 | 9.08%
|
| 4 | Barclays | 3.024 | 13 | 8.52% |
|
| 5 | Wells Fargo | 1.448 | 6 | 4.08% | 8 | 0.330 | 3 | 2.07%
|
| 6 | Credit Suisse | 1.431 | 6 | 4.03% | 16 | 0.125 | 1 | 0.78%
|
| 7 | Goldman Sachs | 1.290 | 4 | 3.63% |
|
| 8 | Citigroup | 1.213 | 4 | 3.42% | 10 | 0.225 | 1 | 1.41%
|
| 9 | RBC | 0.942 | 3 | 2.65% |
|
| 10 | Keybank | 0.940 | 3 | 2.65% |
|
| Total | 35.500 | 76 | 15.974 | 37 |
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| Average size: | 0.467 | 0.432 |
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| February |
|
| | | | | 2009 Comparables |
|
| Lead | Amount | No. | Share | Rank | Amount | No. | Share
|
| 1 | Bank of America | 2.909 | 12 | 20.81% | 2 | 0.810 | 6 | 15.83%
|
| 2 | Deutsche Bank | 1.656 | 3 | 11.85% | 1 | 1.075 | 1 | 21.01%
|
| 3 | JPMorgan | 1.275 | 6 | 9.12% | 3 | 0.575 | 3 | 11.24%
|
| 4 | Citigroup | 0.940 | 1 | 6.72% |
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| 5 | Barclays | 0.891 | 5 | 6.37% |
|
| 6 | Credit Suisse | 0.790 | 3 | 5.65% |
|
| 7 | GECC | 0.580 | 6 | 4.15% |
|
| 8 | Goldman Sachs | 0.575 | 2 | 4.11% |
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| 9 | RBS | $0.53 | 3 | 3.82% | 10 | $0.15 | 1 | 2.93%
|
| 10 | Wells Fargo | $0.50 | 2 | 3.58% | 19 | $0.04 | 1 | 0.78%
|
| Total | 13.979 | 38 | 5.116 | 23 |
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| Average size: | 0.368 | 0.222 |
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| 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 they are rated speculative-grade by Moody's Investors Service or Standard & Poor's or, if unrated, the interest rate margin is 150 bps or higher.
• 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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