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Syndicated Bank Loan Market Summary:
Week Ending 6/12/20

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 6/5/20 – 6/12/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 9.41% 71.87 65.69 16
2 4,750 DELL TL B -0.52% 97.95 98.47 15
3 4,750 ZAYO TL -1.24% 96.51 97.73 12
4 4,700 CAESARS RESORT COLLECTION TL -0.05% 92.68 92.73 11
5 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.45% 98.49 98.93 10
6 4,250 BERRY PLASTICS TL Y -0.61% 97.23 97.83 13
7 4,200  JOHNSON CONTROLS INTL PUBLIC LTD CO TL 0.22% 97.45 97.24 11
8 4,197 AKZONOBEL TL B -0.24% 96.26 96.49 12
9 4,000 T-MOBILE USA TL B -0.25% 100.02 100.28 11
10 3,582 MISYS TL B -2.62% 90.08 92.51 13
11 3,575 STARS GROUP TL B -0.02% 99.40 99.42 12
12 3,524 TRANSDIGM INC. TL F -1.36% 93.71 95.00 16
13 3,415 ENDO HEALTH TL B -0.34% 94.64 94.96 12
14 3,325 CINEWORLD TL B -1.48% 78.50 79.68 13
15 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B 0.16% 97.02 96.87 10
16 3,312 HUB INTL LTD TL B -0.31% 97.03 97.33 11
17 3,300 BMC SOFTWARE TL B -1.18% 95.64 96.78 17
18 3,300 NTL CABLE PLC TL N -0.93% 97.09 98.00 10
19 3,275 SCIENTIFIC GAMES TL B5 0.47% 91.32 90.89 12
20 3,165 MULTIPLAN TL B -0.48% 96.01 96.47 10
AVERAGE 3,897 -0.09% 93.95 94.16 12.4

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 6/5/20 – 6/12/20

RANK NAME CHANGE PX PX-1W
1 ASCENA RETAIL TL B 34.80% 32.00 23.74
2 TECHNICOLOR TL B 19.01% 42.25 35.50
3 ACCURIDE TL B 16.24% 50.74 43.65
4 ALLIANCE HEALTH TL B 15.88% 63.48 54.78
5 SHAPE TECHNOLOGIES TL 13.67% 77.00 67.74
6 AMERICAN AIRLINES TL B 13.63% 80.40 70.75
7 SYNCREON TL B 13.22% 68.60 60.60
8 EMERALD EXPOSITIONS TL B 12.69% 87.38 77.54
9 CRESTWOOD MIDSTREAM TL B 12.39% 63.83 56.79
10 TENSAR 2ND LIEN TL 12.21% 74.27 66.19

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 6/5/20 – 6/12/20

RANK NAME CHANGE PX PX-1W
1 MENS WEARHOUSE TL B -12.38% 22.22 25.35
2 DUEMMEN ORANGE EUR TL B -9.68% 35.42 39.21
3 MEDICAL DEPOT TL -7.53% 55.42 59.93
4 ANCHOR GLASS 2ND LIEN TL -6.11% 28.09 29.92
5 24 HOUR FITNESS TL B -5.20% 27.72 29.24
6 BELK EXT TL B -5.08% 27.69 29.17
7 FLY LEASING TL -3.07% 84.80 87.49
8 MISYS TL B -2.62% 90.08 92.51
9 SIVANTOS EXT EUR TL B1 -2.19% 91.60 93.66
10 CERAMTEC EUR TL B -1.93% 93.66 95.50

Avg Bid PX by Sector

Displays the average loan bid price by sector between 6/5/20 – 6/12/20

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 6/5/20 – 6/12/20

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 6/5/20 vs. the week ending 6/12/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BMC SOFTWARE EUR TL B 16 30 14 88%
2 AMER SPORTS EUR TL B 2 15 13 650%
3 SIVANTOS EUR TL B1 16 28 12 75%
4 ZIGGO EUR TL H 20 32 12 60%
5 STARS GROUP EUR TL B 18 28 10 56%
6 CAPROCK MIDSTREAM TL B 14 24 10 71%
7 CINEMARK TL B 30 40 10 33%
8 COBHAM EUR TL B 8 18 10 125%
9 FRONERI EUR TL B 6 16 10 167%
10 IGM RESIN EUR TL 7 17 10 143%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 6/5/20 – 6/12/20

RANK TRANCHE DEALERS
1 HERTZ TL 19
2 ACTION NEDERLAND EUR TL B 18
3 AMC ENTERTAINMENT TL B1 17
4 BMC SOFTWARE TL B 17
5 VERISURE EUR TL B1 16
6 TRANSDIGM INC. TL F 16
7 GTT COMMUNICATIONS TL B 16
8 ENVISION HEALTHCARE TL B 16
9 AMERICAN AIRLINES TL B 15
10 TRANSDIGM INC. TL G 15

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 6/5/20 – 6/12/20

Bid Offer Spread

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 6/5/20 – 6/12/20

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

Sector Bid Offer Spread

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