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Syndicated Bank Loan Market Summary:
Week Ending 7/24/20

Our 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 7/17/20 – 7/24/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.03% 65.02 65.04 14
2 4,750 DELL TL B 0.24% 98.74 98.51 14
3 4,750 ZAYO TL 0.65% 97.05 96.42 11
4 4,700 CAESARS RESORT COLLECTION TL 2.65% 91.47 89.11 12
5 4,250 BERRY PLASTICS TL Y 0.78% 97.41 96.65 13
6 4,197 AKZONOBEL TL B 0.35% 97.26 96.92 10
7 4,000 T-MOBILE USA TL B 0.15% 100.34 100.19 14
8 3,861 PETSMART CONSENTED TL B2 0.00% 99.43 99.44 10
9 3,582 MISYS TL B 1.22% 91.97 90.86 12
10 3,575 STARS GROUP TL B 0.01% 99.96 99.94 10
11 3,524 TRANSDIGM INC. TL F 1.86% 93.77 92.05 13
12 3,325 CINEWORLD TL B -2.85% 69.17 71.20 13
13 3,300 BMC SOFTWARE TL B 0.84% 96.95 96.15 14
14 3,300 NTL CABLE PLC TL N 0.51% 97.32 96.83 12
15 3,275 SCIENTIFIC GAMES TL B5 2.09% 91.30 89.43 12
16 3,165 MULTIPLAN TL B 0.33% 98.21 97.89 10
17 3,161 JAGUAR HOLDING CO I TL 0.20% 99.61 99.41 13
18 3,100 COLORADO BUYER 2ND LIEN TL -1.00% 36.13 36.49 13
19 2,970 BASS PRO SHOPS TL B 2.14% 99.64 97.55 10
20 2,945 ULTIMATE SOFTWARE TL 0.12% 99.78 99.67 12
AVERAGE 3,759 0.51% 91.03 90.49 12.1

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 7/17/20 – 7/24/20

RANK NAME CHANGE PX PX-1W
1 AT HOME STORES TL B 12.47% 78.99 70.23
2 IQOR TL B 9.42% 63.12 57.69
3 HOLLAND & BARRETT EUR TL B 8.66% 73.58 67.72
4 INDIVIOR TL B 7.54% 93.81 87.23
5 ROBERTSHAW TL 6.42% 82.57 77.59
6 SURGEY CENTER TL 5.87% 94.25 89.03
7 LIFEMILES TL B 5.27% 82.38 78.25
8 CLUB CORP TL B 3.82% 87.80 84.57
9 US ANESTHESIA TL B 3.52% 92.61 89.46
10 EQUINOX HLDGS INC TL B 3.39% 76.98 74.46

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/17/20 – 7/24/20

RANK NAME CHANGE PX PX-1W
1 AMERICAN GAMING TL B -10.14% 86.97 96.78
2 MCDERMOTT EXIT TL -5.32% 79.53 84.00
3 ASCENA RETAIL TL B -5.12% 33.48 35.29
4 SECURUS TL -5.06% 76.34 80.41
5 VUE INTERNATIONAL BIDCO PLC EUR TL B -3.85% 81.00 84.24
6 AREAS EUR TL B1 -3.30% 75.50 78.07
7 CSM BAKERY TL B -3.25% 92.75 95.86
8 CLARION EVENTS GBP TL -3.12% 79.53 82.10
9 CINEWORLD TL B -2.85% 69.17 71.20
10 TRAVELPORT TL B -2.54% 61.51 63.11

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/17/20 – 7/24/20

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 7/17/20 – 7/24/20

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 7/17/20 vs. the week ending 7/24/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 EIRCOM FINCO SARL EUR TL B 36 60 24 67%
2 BMC SOFTWARE EUR TL B 28 48 20 71%
3 SIGMA BIDCO EUR TL B 30 50 20 67%
4 JANE STREET TL B 14 32 18 129%
5 VERISURE EUR TL B 26 42 16 62%
6 SANDY CREEK TL B 10 25 15 150%
7 SOLERA TL B 49 64 15 31%
8 SURF HOLDINGS TL B 26 41 15 58%
9 POWER SOLUTIONS EUR TL B 22 36 14 64%
10 ULTRA PETROL CORP EXIT TL 16 30 14 88%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/17/20 – 7/24/20

RANK TRANCHE DEALERS
1 VERISURE EUR TL B1 18
2 VERISURE EUR TL B 18
3 AMC ENTERTAINMENT TL B1 17
4 TECHEM EUR TL B 17
5 EIRCOM FINCO SARL EUR TL B 17
6 THYSSENKRUPP AG EUR TL B 17
7 HERTZ TL 17
8 AKZONOBEL EUR TL B 16
9 GTT COMMUNICATIONS TL B 16
10 ACADEMY SPORTS TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/17/20 – 7/24/20

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 7/17/20 – 7/24/20

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

Sector Bid Offer Spread

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