Syndicated Bank Loans
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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.
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
Sentiment
Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 7/17/20 – 7/24/20
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
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
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