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Syndicated Bank Loan Market Summary:
Week Ending 6/26/20

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 6/19/20 – 6/26/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -3.86% 68.56 71.31 17
2 4,750 DELL TL B -1.00% 97.47 98.45 15
3 4,750 ZAYO TL -1.49% 95.25 96.69 12
4 4,700 CAESARS RESORT COLLECTION TL -2.99% 90.08 92.86 12
5 4,565 BAUSCH HEALTH COMPANIES INC. TL B -1.52% 97.07 98.57 10
6 4,475 UNIVISION TL C5 -1.88% 93.28 95.07 10
7 4,250 BERRY PLASTICS TL Y -1.23% 96.26 97.46 13
8 4,200 JOHNSON CONTROLS INTL PUBLIC LTD CO TL -1.18% 95.81 96.95 10
9 4,197 AKZONOBEL TL B -1.29% 94.57 95.80 12
10 4,000 T-MOBILE USA TL B -0.28% 99.75 100.03 13
11 3,582 MISYS TL B -2.29% 87.87 89.93 12
12 3,575 STARS GROUP TL B -0.21% 99.38 99.59 13
13 3,524 TRANSDIGM INC. TL F -2.80% 90.42 93.02 16
14 3,415 ENDO HEALTH TL B -1.19% 94.47 95.61 12
15 3,325 CINEWORLD TL B -2.94% 75.60 77.89 15
16 3,312 HUB INTL LTD TL B -1.14% 95.71 96.82 11
17 3,300 BMC SOFTWARE TL B -1.04% 94.66 95.65 15
18 3,300 NTL CABLE PLC TL N -1.31% 95.83 97.10 12
19 3,275 SCIENTIFIC GAMES TL B5 -1.53% 89.95 91.34 12
20 3,165 MULTIPLAN TL B -1.23% 95.17 96.36 10
AVERAGE 3,955 -1.62% 92.36 93.83 12.6

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 6/19/20 – 6/26/20

RANK NAME CHANGE PX PX-1W
1 ACCURIDE TL B 15.70% 62.96 54.42
2 TECHNICOLOR TL B 14.28% 47.80 41.83
3 DRILLINGINFO TL 12.71% 90.61 80.39
4 TRAVEL LEADERS TL 9.17% 67.30 61.64
5 FOGO DE CHAO TL 8.72% 63.94 58.82
6 PURESTAR TL 8.33% 65.00 60.00
7 GNC FLLO 7.06% 93.71 87.53
8 EPIC Y-GRADE SERVICES TL B 6.92% 71.99 67.33
9 MALLINCKRODT TL B 6.77% 74.84 70.10
10 ISAGENIX TL 5.18% 38.68 36.78

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 6/19/20 – 6/26/20

RANK NAME CHANGE PX PX-1W
1 JASON INC 2ND LIEN TL -23.51% 20.56 26.88
2 MSX INTERNATIONAL TL B4 -15.11% 71.78 84.55
3 24 HOUR FITNESS TL B -13.38% 22.88 26.41
4 AMERICAN AIRLINES TL B -6.47% 68.47 73.21
5 PHOTOBOX GBP TL B -5.67% 90.54 95.98
6 STAPLES TL B1 -5.24% 86.03 90.79
7 RENFRO TL B -5.08% 34.87 36.74
8 PARTY CITY TL B -4.79% 47.05 49.41
9 STAPLES TL B2 -4.59% 87.41 91.61
10 DIAMOND SPORTS TL B -4.54% 84.11 88.11

Avg Bid PX by Sector

Displays the average loan bid price by sector between 6/19/20 – 6/26/20

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 6/19/20 – 6/26/20

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 6/19/20 vs. the week ending 6/26/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 WYNDHAM DESTINATIONS, INC. EUR TL B 14 40 26 186%
2 ACTION NEDERLAND EUR TL B 32 49 17 53%
3 DANA HOLDING TL B 11 28 17 155%
4 CABOT MICROELECTRONICS CORP TL B 0 12 12 N/A
5 BRIGHTSPRING TL B 20 32 12 60%
6 GOLDEN ENTERTAINMENT TL 10 22 12 120%
7 EXACT HOLDING EUR TL B 14 24 10 71%
8 LIFETIME TL B 10 20 10 100%
9 BCP RENAISSANCE TL B 20 30 10 50%
10 AMF BOWLMOR TL B 10 20 10 100%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 6/19/20 – 6/26/20

RANK TRANCHE DEALERS
1 HERTZ TL 18
2 WINDSTREAM SERVICES LLC TL B7 18
3 ACTION NEDERLAND EUR TL B 18
4 VERISURE EUR TL B1 17
5 AMC ENTERTAINMENT TL B1 17
6 ENVISION HEALTHCARE TL B 17
7 GTT COMMUNICATIONS TL B 17
8 TRANSDIGM INC. TL G 16
9 TRANSDIGM INC. TL F 16
10 EIRCOM FINCO SARL EUR TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 6/19/20 – 6/26/20

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 6/19/20 – 6/26/20

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

Sector Bid Offer Spread

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