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Syndicated Bank Loan Market Summary:
Week Ending 5/22/20

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 5/15/20 – 5/22/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 6,451 REFINITV TL B 0.75% 97.91 97.18 10
2 5,450 ENVISION HEALTHCARE TL B 0.38% 64.57 64.32 16
3 4,750 DELL TL B 0.78% 97.63 96.87 15
4 4,750 ZAYO TL 0.84% 94.52 93.74 12
5 4,700 CAESARS RESORT COLLECTION TL 1.51% 86.72 85.42 10
6 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.56% 96.71 96.17 10
7 4,250 BERRY PLASTICS TL Y 0.57% 95.86 95.32 13
8 4,200 JOHNSON CONTROLS INTL PUBLIC LTD CO TL 3.21% 93.08 90.19 10
9 4,197 AKZONOBEL TL B 0.48% 93.73 93.28 10
10 3,861 PETSMART CONSENTED TL B2 0.96% 97.91 96.98 11
11 3,575 STARS GROUP TL B 0.28% 97.81 97.53 10
12 3,524 TRANSDIGM INC. TL F 0.57% 87.87 87.37 16
13 3,325 CINEWORLD TL B 2.86% 62.95 61.20 14
14 3,300 BMC SOFTWARE TL B 1.74% 92.19 90.62 18
15 3,300 NTL CABLE PLC TL N 1.03% 95.25 94.28 12
16 3,275 SCIENTIFIC GAMES TL B5 3.04% 85.82 83.28 14
17 3,210 HUB INTL LTD TL B 0.54% 94.40 93.90 11
18 3,165 MULTIPLAN TL B 1.75% 94.03 92.42 10
19 3,161 JAGUAR HOLDING CO I TL 0.99% 98.88 97.91 13
20 2,918 AVAYA TL B 3.00% 91.99 89.31 10
AVERAGE 3,996 1.29% 90.99 89.86 12.3

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 5/15/20 – 5/22/20

RANK NAME CHANGE PX PX-1W
1 EAGLECLAW TL B 34.04% 64.18 47.88
2 JO-ANN STORES TL B 29.96% 39.58 30.45
3 TNT CRANE TL 25.62% 69.01 54.93
4 WHEEL PROS TL 16.60% 82.82 71.03
5 STETSON MIDSTREAM TL B 15.95% 54.49 47.00
6 CRESTWOOD MIDSTREAM TL B 13.73% 44.07 38.75
7 JCREW CONSENTED TL B 13.35% 44.99 39.69
8 YAK MAT TL B 12.66% 76.42 67.83
9 BOYD CORP 2ND LIEN TL 12.49% 62.87 55.89
10 CEVA GROUP TL B 11.03% 65.73 59.20

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/15/20 – 5/22/20

RANK NAME CHANGE PX PX-1W
1 ANCHOR GLASS 2ND LIEN TL -22.58% 29.75 38.43
2 RENFRO TL B -16.05% 37.67 44.87
3 FITNESS & SPORT CLUBS TL B -15.16% 55.82 65.80
4 JC PENNEY TL B -14.21% 34.03 39.67
5 EQUINOX HLDGS INC TL B -8.40% 72.92 79.60
6 ASCENA RETAIL TL B -7.42% 20.11 21.72
7 MB AEROSPACE TL B -7.04% 67.96 73.11
8 CHASSIX TL B -6.29% 62.75 66.96
9 BUCCANEER TL -6.20% 60.32 64.30
10 FOGO DE CHAO TL -6.01% 56.32 59.92

Avg Bid PX by Sector

Displays the average loan bid price by sector between 5/15/20 – 5/22/20

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 5/15/20 – 5/22/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 5/15/20 vs. the week ending 5/22/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 GENESIS CARE TL B 2 22 20 1000%
2 FRONERI TL B 18 34 16 89%
3 KLOECKNER TL B 14 30 16 114%
4 PARQUES REUNIDOS SA EUR TL B 0 14 14 N/A
5 FILTRATION GROUP EUR TL B 2 16 14 700%
6 DAE AVIATION TL 32 46 14 44%
7 REYNOLDS GROUP HOLDINGS LIMITED TL B 36 50 14 39%
8 BWAY HOLDING TL B 27 40 13 48%
9 KENAN TL B1 23 36 13 57%
10 PREGIS TL B 12 25 13 108%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 5/15/20 – 5/22/20

RANK TRANCHE DEALERS
1 HERTZ TL 20
2 BMC SOFTWARE TL B 18
3 AVIS BUDGET TL B 17
4 PEAK 10 TL 17
5 VERISURE EUR TL B1 16
6 ENVISION HEALTHCARE TL B 16
7 AMC ENTERTAINMENT TL B1 16
8 EIRCOM FINCO SARL EUR 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 5/15/20 – 5/22/20

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 5/15/20 – 5/22/20

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

Sector Bid Offer Spread

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