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Syndicated Bank Loan Market Summary:
Week Ending 5/15/20

Our weekly newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

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Largest Loans
Top 10 Winners
Top 10 Losers
Average Bid Price
Market Sentiment
Top Movers
Most Quoted Loans
Bid & Offer Volume
Bid Offer Spread

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 5/8/20 – 5/15/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 10,649 INOVYN EUR TL B -0.90% 94.07 94.92 10
2 6,451 REFINITV TL B -0.66% 97.18 97.83 10
3 5,450 ENVISION HEALTHCARE TL B -5.84% 64.32 68.31 16
4 5,000 QWEST CORPORATION TL B -0.24% 93.85 94.08 10
5 4,750 DELL TL B -0.65% 96.87 97.51 15
6 4,750 ZAYO TL -0.66% 93.74 94.36 14
7 4,700 CAESARS RESORT COLLECTION TL 0.50% 85.42 85.00 11
8 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.15% 96.17 96.32 11
9 4,250 BERRY PLASTICS TL Y -0.26% 95.32 95.57 13
10 4,200 JOHNSON CONTROLS INTL PUBLIC LTD CO TL 1.25% 90.19 89.08 11
11 4,197 AKZONOBEL TL B 0.63% 93.28 92.70 11
12 3,861 PETSMART CONSENTED TL B2 -0.49% 96.98 97.46 11
13 3,575 STARS GROUP TL B -0.31% 97.53 97.83 12
14 3,524 TRANSDIGM INC. TL F 0.62% 87.37 86.83 16
15 3,325 CINEWORLD TL B 0.02% 61.20 61.18 14
16 3,300 BMC SOFTWARE TL B 1.81% 90.62 89.00 18
17 3,300 NTL CABLE PLC TL N -0.71% 94.28 94.95 12
18 3,275 SCIENTIFIC GAMES TL B5 1.39% 83.28 82.14 13
19 3,210 HUB INTL LTD TL B -0.18% 93.90 94.07 11
20 3,165 MULTIPLAN TL B 0.31% 92.42 92.13 10
AVERAGE 4,475 -0.23% 89.90 90.06 12.5

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 5/8/20 – 5/15/20

RANK NAME CHANGE PX PX-1W
1 IMAGINA MEDIA AUDIOVISUAL SL 2ND LIEN EUR TL 38.03% 67.31 48.77
2 EPIC CRUDE TL B 10.67% 64.99 58.72
3 NEOVIA TL 9.59% 82.38 75.18
4 INFOGROUP TL 8.91% 78.00 71.62
5 AGROFRESH TL B 8.69% 89.18 82.06
6 SUTHERLAND GLOBAL SVCS INC TL B 7.98% 75.89 70.28
7 CONSOL MINING TL B 7.78% 63.73 59.13
8 FAERCH PLAST GBP TL B 7.73% 87.28 81.02
9 LEARFIELD TL 7.71% 64.67 60.04
10 NEP 2ND LIEN TL 7.32% 66.60 62.06

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/8/20 – 5/15/20

RANK NAME CHANGE PX PX-1W
1 UTEX TL B -19.71% 26.20 32.64
2 PREMIERE GLOBAL TL -16.70% 47.75 57.32
3 ANASTASIA BEVERLY HILLS TL B -11.59% 32.92 37.24
4 JCREW NON-CONSENTED TL B -10.33% 45.70 50.97
5 DOUGLAS HOLDING EUR TL B1 -7.81% 68.61 74.43
6 AMERICAN AIRLINES TL B -6.75% 69.14 74.14
7 ENTRANS TL -6.63% 69.40 74.33
8 ENVISION HEALTHCARE TL B -5.84% 64.32 68.31
9 ULTRA PETROL CORP EXIT TL -4.72% 63.18 66.31
10 STAPLES TL B1 -4.08% 80.54 83.97

Avg Bid PX by Sector

Displays the average loan bid price by sector between 5/8/20 – 5/15/20

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Avg Bid PX by Sector

Sentiment

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 5/8/20 – 5/15/20

Market Sentiment - Advancers vs. Decliners

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 5/8/20 vs. the week ending 5/15/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CALIFORNIA PIZZA TL 17 45 28 165%
2 GRAY TELEVISION TL C 36 58 22 61%
3 WASH LAUNDRY TL 4 26 22 550%
4 IQOR TL B 23 44 21 91%
5 CSC SERVICEWORKS INC TL B 36 57 21 58%
6 GENESEE & WYOMING TL 36 56 20 56%
7 LUCID ENERGY TL B 4 23 19 475%
8 HARGRY TL 24 42 18 75%
9 ENVISION HEALTHCARE TL B 18 36 18 100%
10 BJ’S TL B 50 68 18 36%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 5/8/20 – 5/15/20

RANK TRANCHE DEALERS
1 HERTZ TL 19
2 VERISURE EUR TL B1 19
3 BMC SOFTWARE TL B 18
4 PEAK 10 TL 17
5 ENVISION HEALTHCARE TL B 16
6 AMC ENTERTAINMENT TL B1 16
7 EIRCOM FINCO SARL EUR TL B 16
8 AVIS BUDGET TL B 16
9 TRANSDIGM INC. TL F 16
10 GTT COMMUNICATIONS TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 5/8/20 – 5/15/20

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 5/8/20 – 5/15/20

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

Sector Bid Offer Spread

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