* Leveraged loan issuance totals $269.96 billion year to date
New York, Sept. 30 - JPMorgan is the top arranger of leveraged loans so far this year, according to data compiled by Prospect News.
The firm has handled $52.61 billion of deals, well ahead of Banc of America in the number two place with $35.41 billion. Citigroup is third with $31.03 billion.
Total leveraged loan volume for the first three quarters of this year is $269.96 billion in 586 deals.
JPMorgan also placed first for the third quarter while Banc of America was top for September.
Third-quarter volume was $83.40 billion in 188 deals while September saw $29.42 billion of activity in 71 deals.
The Prospect News figures cover dollar-denominated deals in the United States. Credit for deals is divided among the lead arrangers.
Year to date 2005
| Lead | Amount | No. | Share
|
| 1 | JPMorgan | 52.606 | 126 | 19.49%
|
| 2 | Banc of America | 35.405 | 116 | 13.11%
|
| 3 | Citigroup | 31.030 | 70 | 11.49%
|
| 4 | CSFB | 22.373 | 85 | 8.29%
|
| 5 | Deutsche Bank | 19.959 | 47 | 7.39%
|
| 6 | Lehman | 15.121 | 36 | 5.60%
|
| 7 | Wachovia | 13.635 | 55 | 5.05%
|
| 8 | Goldman Sachs | 11.140 | 34 | 4.13%
|
| 9 | UBS | 6.003 | 28 | 2.22%
|
| 10 | Bear Stearns | 5.027 | 19 | 1.86%
|
| Total | 269.960 | 586 |
|
|
|
| Average size: | 0.461 |
|
|
|
|
|
| Q3 | 2005
|
| Lead | Amount | No. | Share
|
| 1 | JPMorgan | 13.985 | 34 | 16.77%
|
| 2 | Citigroup | 12.046 | 20 | 14.44%
|
| 3 | Banc of America | 11.069 | 43 | 13.27%
|
| 4 | Lehman | 6.427 | 12 | 7.71%
|
| 5 | CSFB | 5.726 | 21 | 6.87%
|
| 6 | Deutsche Bank | 5.628 | 12 | 6.75%
|
| 7 | Wachovia | 3.410 | 18 | 4.09%
|
| 8 | Goldman Sachs | 2.033 | 7 | 2.44%
|
| 9 | GE | 2.029 | 6 | 2.43%
|
| 10 | Merrill Lynch | 2.004 | 10 | 2.40%
|
| Total | 83.398 | 188 |
|
|
|
| Average size: | 0.444 |
|
|
|
|
|
| September 2005
|
| Lead | Amount | No. | Share
|
| 1 | Banc of America | 4.768 | 18 | 16.21%
|
| 2 | CSFB | 3.738 | 12 | 12.71%
|
| 3 | JPMorgan | 3.301 | 8 | 11.22%
|
| 4 | Deutsche Bank | 2.988 | 7 | 10.16%
|
| 5 | Citigroup | 2.916 | 9 | 9.91%
|
| 6 | Wachovia | 1.835 | 10 | 6.24%
|
| 7 | GE | 1.450 | 1 | 4.93%
|
| 8 | Morgan Stanley | 1.445 | 4 | 4.91%
|
| 9 | Lehman | 1.135 | 5 | 3.86%
|
| 10 | BMO | 1.000 | 1 | 3.40%
|
| Total | 29.415 | 71 |
|
|
|
| Average size: | 0.414 |
|
|
|
|
|
| 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
