• Leveraged loan issuance totals $539.14 billion year to date
By Sara Rosenberg
New York, May 31 - JPMorgan took the number one spot on the leveraged loans league table for May, bringing $19.67 billion in 46 deals, according to data compiled by Prospect News.
In second was Bank of America with $13.65 billion in 50 deals, and in third was Credit Suisse with $10.5 billion in 34 deals.
May saw a total of $114.86 billion of leveraged loans come to market, compared to $100.98 billion in April and $54.53 billion in May 2012.
Year to date, JPMorgan is the top arranger with $87.88 billion in 202 deals, Bank of America is second with $64.57 billion in 219 deals and Credit Suisse is third with $49.11 billion in 151 deals.
Total issuance year to date is $539.14 billion, versus $257.24 billion in the comparable period last year.
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.
Leveraged loans, year to date
2012 Comparables
| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 87.883 | 202 | 16.30% | 1 | 40.904 | 138 | 15.90%
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| 2 | Bank of America | 64.569 | 219 | 11.98% | 2 | 31.340 | 139 | 12.18%
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| 3 | Credit Suisse | 49.105 | 151 | 9.11% | 4 | 16.878 | 74 | 6.56%
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| 4 | Barclays | 42.887 | 135 | 7.95% | 6 | 13.644 | 64 | 5.30%
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| 5 | Deutsche Bank | 42.255 | 126 | 7.84% | 5 | 14.193 | 65 | 5.52%
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| 6 | Citigroup | 36.688 | 103 | 6.80% | 9 | 12.798 | 63 | 4.98%
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| 7 | Goldman Sachs | 32.089 | 122 | 5.95% | 8 | 12.823 | 55 | 4.99%
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| 8 | Morgan Stanley | 29.560 | 108 | 5.48% | 7 | 12.908 | 43 | 5.02%
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| 9 | Wells Fargo | 29.181 | 123 | 5.41% | 3 | 22.701 | 103 | 8.82%
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| 10 | UBS | 16.827 | 65 | 3.12% | 10 | 6.923 | 31 | 2.69%
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| Total | 539.140 | 794 | 257.238 | 521 |
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| Average size: | 0.679 | 0.494 |
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| Leveraged loans, May |
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| | | | | 2012 Comparables |
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| Lead arranger | Amount | No. | Share | Rank | Amount | No. | Share
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| 1 | JPMorgan | 19.666 | 46 | 17.12% | 1 | 6.543 | 23 | 12.00%
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| 2 | Bank of America | 13.647 | 50 | 11.88% | 3 | 6.097 | 25 | 11.18%
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| 3 | Credit Suisse | 10.497 | 34 | 9.14% | 6 | 3.606 | 18 | 6.61%
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| 4 | Goldman Sachs | 9.809 | 33 | 8.54% | 4 | 5.136 | 16 | 9.42%
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| 5 | Citigroup | 7.797 | 24 | 6.79% | 7 | 3.271 | 14 | 6.00%
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| 6 | Barclays | 5.796 | 28 | 5.05% | 8 | 2.862 | 9 | 5.25%
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| 7 | Morgan Stanley | 5.735 | 23 | 4.99% | 11 | 1.902 | 8 | 3.49%
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| 8 | Deutsche Bank | 5.264 | 21 | 4.58% | 5 | 3.752 | 14 | 6.88%
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| 9 | Wells Fargo | 5.215 | 27 | 4.54% | 2 | 6.152 | 25 | 11.28%
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| 10 | SG | 4.400 | 1 | 3.83% | 26 | 0.256 | 1 | 0.47%
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| Total | 114.864 | 171 | 54.530 | 109 |
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| Average size: | 0.672 | 0.500 |
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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.
• Borrower must have $75 million or more of bank debt outstanding 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.
• The tables include 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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