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Syndicated Bank Loan Market Summary:
Week Ending 9/11/20

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 9/4/20 – 9/11/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 6,451 REFINITV TL B 0.24% 99.36 99.12 11
2 5,450 ENVISION HEALTHCARE TL B 1.19% 73.76 72.89 15
3 5,100 CHANGE HEALTHCARE TL B 0.32% 99.23 98.91 11
4 5,000 QWEST CORPORATION TL B -0.44% 97.13 97.57 11
5 4,750 ZAYO TL -0.05% 97.83 97.88 15
6 4,750 DELL TL B 0.01% 99.74 99.73 15
7 4,700 CAESARS RESORT COLLECTION TL -0.14% 93.93 94.06 10
8 4,250 BERRY PLASTICS TL X -0.07% 98.63 98.69 10
9 4,197 AKZONOBEL TL B 0.98% 98.46 97.51 13
10 4,000 T-MOBILE USA TL B -0.02% 100.33 100.34 15
11 3,861 PETSMART CONSENTED TL B2 0.27% 100.08 99.81 10
12 3,582 MISYS TL B 0.28% 95.11 94.85 13
13 3,575 STARS GROUP TL B 0.08% 100.21 100.13 14
14 3,524 TRANSDIGM INC. TL F 0.16% 95.11 94.96 13
15 3,325 CINEWORLD TL B -1.37% 76.81 77.88 12
16 3,312 HUB INTL LTD TL B 0.29% 97.97 97.68 10
17 3,300 NTL CABLE PLC TL N 0.05% 97.89 97.84 13
18 3,300 BMC SOFTWARE TL B -0.24% 98.35 98.58 16
19 3,275 SCIENTIFIC GAMES TL B5 -0.23% 93.75 93.97 11
20 3,165 MULTIPLAN TL B 0.02% 99.26 99.24 10
AVERAGE 4,143 0.07% 95.65 95.58 12.4

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 9/4/20 – 9/11/20

RANK NAME CHANGE PX PX-1W
1 FOGO DE CHAO TL 11.62% 91.39 81.88
2 JO-ANN STORES TL B 11.46% 86.62 77.72
3 TRAVELPORT 2ND LIEN TL 9.02% 30.68 28.14
4 PETCO TL B 6.10% 91.56 86.30
5 TENSAR 2ND LIEN TL 5.87% 80.16 75.71
6 STAPLES TL B2 4.75% 93.05 88.82
7 CARESTREAM DENTAL TL 3.97% 90.05 86.61
8 DAE AVIATION TL 3.85% 90.38 87.03
9 LANDRY’S TL B 3.50% 91.71 88.60
10 IPH GROUP EUR TL 3.16% 96.59 93.63

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/4/20 – 9/11/20

RANK NAME CHANGE PX PX-1W
1 FRONTERA TL B -6.70% 39.37 42.19
2 ANCHOR GLASS 2ND LIEN TL -4.63% 35.25 36.97
3 EPIC CRUDE TL B -4.53% 75.37 78.95
4 AKORN TL B -4.29% 82.35 86.03
5 COLUMBUS CAPITAL EUR TL B -4.25% 68.97 72.03
6 COMEXPOSIUM SA EUR TL B -3.44% 76.01 78.72
7 TRIMARK TL -2.43% 76.70 78.61
8 TECHEM EUR TL B -1.67% 97.11 98.76
9 CINEWORLD TL B -1.37% 76.81 77.88
10 RENFRO TL B -1.33% 33.85 34.31

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/4/20 – 9/11/20

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 9/4/20 – 9/11/20

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 9/4/20 vs. the week ending 9/11/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 IPH GROUP EUR TL 8 34 26 325%
2 OBERTHUR TECHNOLOGIES SA EUR TL B1 8 32 24 300%
3 NORD ANGLIA EDUCATION FINANC EUR TL B 8 31 23 288%
4 EPIQ SYSTEMS TL B 10 33 23 230%
5 FRONERI EUR TL B 14 36 22 157%
6 HOTELBEDS EUR TL C 8 30 22 275%
7 COBHAM EUR TL B 12 34 22 183%
8 SS&C TECH TL B5 14 36 22 157%
9 VERISURE EUR TL B1 4 26 22 550%
10 SIVANTOS EUR TL B1 22 42 20 91%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/4/20 – 9/11/20

RANK TRANCHE DEALERS
1 ACTION NEDERLAND EUR TL B 20
2 AMC ENTERTAINMENT TL B1 18
3 GTT COMMUNICATIONS TL B 17
4 TECHEM EUR TL B 17
5 TELENET EUR TL A 17
6 AMERICAN AIRLINES TL B 16
7 VERISURE EUR TL B 16
8 BMC SOFTWARE TL B 16
9 EIRCOM FINCO SARL EUR TL B 16
10 AKZONOBEL EUR TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 9/4/20 – 9/11/20

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/4/20 – 9/11/20

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

Sector Bid Offer Spread

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