Syndicated Bank Loans

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Syndicated Bank Loan Market Summary:
Week Ending 8/7/20

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 7/31/20 – 8/7/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 1.39% 66.23 65.32 15
2 4,750 DELL TL B 0.51% 99.06 98.55 14
3 4,750 ZAYO TL 0.80% 97.50 96.74 11
4 4,700 CAESARS RESORT COLLECTION TL 0.96% 92.60 91.72 12
5 4,250 BERRY PLASTICS TL X -0.07% 97.51 97.58 10
6 4,250 BERRY PLASTICS TL Y 0.29% 97.15 96.86 14
7 4,197 AKZONOBEL TL B 0.39% 97.21 96.83 10
8 4,000 T-MOBILE USA TL B 0.06% 100.38 100.33 14
9 3,861 PETSMART CONSENTED TL B2 0.11% 99.82 99.71 10
10 3,582 MISYS TL B 1.00% 93.22 92.30 12
11 3,575 STARS GROUP TL B 0.07% 99.95 99.88 10
12 3,524 TRANSDIGM INC. TL F 0.78% 94.18 93.46 14
13 3,325 CINEWORLD TL B 2.36% 64.37 62.88 12
14 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B 0.60% 98.62 98.03 10
15 3,312 HUB INTL LTD TL B 0.33% 97.33 97.01 11
16 3,300 NTL CABLE PLC TL N 0.66% 97.45 96.81 11
17 3,300 BMC SOFTWARE TL B 0.40% 96.82 96.44 14
18 3,275 SCIENTIFIC GAMES TL B5 0.45% 91.34 90.93 12
19 3,165 MULTIPLAN TL B 0.39% 98.72 98.33 10
20 3,161 JAGUAR HOLDING CO I TL 0.33% 99.85 99.51 13
AVERAGE 3,852 0.59% 93.96 93.46 12.0

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 7/31/20 – 8/7/20

RANK NAME CHANGE PX PX-1W
1 PARTY CITY TL B 14.58% 59.64 52.05
2 WITTUR PIK 2ND LIEN EUR TL B 8.89% 85.56 78.57
3 NAVICO TL B 7.62% 65.57 60.93
4 BUCCANEER 2ND LIEN TL 5.25% 52.64 50.01
5 A WIRELESS TL 5.22% 89.60 85.15
6 MALLINCKRODT EXT TL B 4.22% 85.87 82.39
7 PGS TL B 4.21% 64.16 61.57
8 VERITAS EUR TL B 3.80% 98.59 94.98
9 ANCESTRY.COM EXT TL B 3.67% 99.74 96.21
10 THE NORDAM GROUP TL B 3.62% 81.42 78.58

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/31/20 – 8/7/20

RANK NAME CHANGE PX PX-1W
1 HURTIGRUTEN GROUP EUR TL B -8.33% 73.29 79.95
2 VUE INTERNATIONAL BIDCO PLC EUR TL B -5.48% 72.78 77.00
3 CARIBE EUR TL B -4.30% 82.31 86.01
4 SHAPE TECHNOLOGIES TL -3.51% 73.71 76.39
5 ARCTIC GLACIER TL B -3.40% 80.14 82.96
6 GGP LP TL B -3.13% 79.92 82.50
7 AMC ENTERTAINMENT TL B1 -2.96% 63.52 65.46
8 AERNNOVA AEROSPACE EUR TL B -2.56% 77.54 79.58
9 GTT COMMUNICATIONS EUR TL B -2.36% 87.80 89.93
10 CINEMARK TL B -2.25% 86.35 88.34

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/31/20 – 8/7/20

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 7/31/20 – 8/7/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 7/31/20 vs. the week ending 8/7/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 TIPICO EUR TL B 10 42 32 320%
2 SYNLAB EUR TL B3 20 48 28 140%
3 ZIGGO EUR TL H 24 52 28 117%
4 TELENET EUR TL A 22 48 26 118%
5 FINANCIERE CEP EUR TL B 0 25 25 N/A
6 GENERAL ELECTRIC DISTRIBUTED POWER EUR TL B 14 38 24 171%
7 HOMEVI EUR TL B 6 30 24 400%
8 IFCO EUR TL B 20 44 24 120%
9 NTL CABLE PLC EUR TL O 16 40 24 150%
10 NUMERICABLE EUR TL B11 12 36 24 200%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/31/20 – 8/7/20

RANK TRANCHE DEALERS
1 AMC ENTERTAINMENT TL B1 18
2 VERISURE EUR TL B1 17
3 VERISURE EUR TL B 17
4 TELENET EUR TL A 17
5 ACTION NEDERLAND EUR TL B 17
6 AKZONOBEL EUR TL B 16
7 VERISURE EUR TL B 16
8 TECHEM EUR TL B 16
9 IFCO EUR TL B 16
10 EIRCOM FINCO SARL EUR TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/31/20 – 8/7/20

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 7/31/20 – 8/7/20

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

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