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Syndicated Bank Loan Market Summary:
Week Ending 9/25/20

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 9/18/20 – 9/25/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 6,451 REFINITV TL B -0.64% 98.75 99.38 10
2 5,450 ENVISION HEALTHCARE TL B -1.49% 73.73 74.85 16
3 5,100 CHANGE HEALTHCARE TL B -1.24% 97.88 99.11 11
4 5,000 QWEST CORPORATION TL B -1.55% 95.70 97.20 11
5 4,750 DELL TL B -0.49% 99.24 99.73 14
6 4,750 ZAYO TL -1.04% 96.60 97.61 14
7 4,700 CAESARS RESORT COLLECTION TL -1.41% 93.09 94.42 10
8 4,250 BERRY PLASTICS TL Y -1.16% 96.79 97.93 12
9 4,200 POWER SOLUTIONS TL B -1.18% 97.54 98.71 10
10 4,197 AKZONOBEL TL B -1.68% 96.25 97.89 12
11 4,000 T-MOBILE USA TL B -0.25% 99.88 100.13 15
12 3,861 PETSMART CONSENTED TL B2 -0.40% 99.56 99.96 11
13 3,582 MISYS TL B -1.38% 93.88 95.19 13
14 3,575 STARS GROUP TL B -0.32% 99.88 100.20 14
15 3,524 TRANSDIGM INC. TL F -0.99% 94.31 95.25 12
16 3,325 CINEWORLD TL B -6.11% 68.49 72.95 12
17 3,312 HUB INTL LTD TL B -1.24% 96.55 97.76 10
18 3,300 BMC SOFTWARE TL B -1.49% 96.85 98.32 16
19 3,300 DIAMOND SPORTS TL B -1.60% 80.92 82.24 10
20 3,300 NTL CABLE PLC TL N -0.71% 96.91 97.60 13
AVERAGE 4,196 -1.32% 93.64 94.82 12.3

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 9/18/20 – 9/25/20

RANK NAME CHANGE PX PX-1W
1 SGB-SMIT EUR TL B 7.80% 58.36 54.14
2 PEABODY ENERGY TL B 7.11% 42.76 39.93
3 JUICE PLUS+ TL 6.32% 85.04 79.99
4 TRANSCENDIA TL B 5.24% 79.32 75.38
5 GARRETT MOTION EUR TL B 5.05% 96.05 91.43
6 STUBHUB TL B 3.68% 90.86 87.64
7 ATLAS GROUP TL 3.53% 80.76 78.00
8 UNITED ROAD SERVICES TL 3.39% 89.48 86.55
9 EQUINOX HLDGS INC 2ND LIEN TL 3.06% 59.14 57.39
10 TENSAR TL 2.98% 97.41 94.59

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/18/20 – 9/25/20

RANK NAME CHANGE PX PX-1W
1 COMEXPOSIUM SA EUR TL B -28.68% 52.75 73.97
2 AUDIO VISUAL 2ND LIEN TL -22.00% 20.69 26.53
3 FRAC TECH TL B -15.99% 36.57 43.53
4 24 HOUR FITNESS DD TL -9.87% 80.95 89.82
5 FRONTERA TL B -7.69% 35.00 37.91
6 VUE INTERNATIONAL BIDCO PLC EUR TL B -6.95% 76.77 82.50
7 CINEWORLD TL B -6.45% 67.69 72.35
8 AMC ENTERTAINMENT TL B1 -5.30% 64.44 68.05
9 MERLIN ENTERTAINMENTS EUR TL -5.29% 86.61 91.45
10 AMERICAN AIRLINES TL B -5.19% 60.60 63.92

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/18/20 – 9/25/20

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 9/18/20 – 9/25/20

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 9/18/20 vs. the week ending 9/25/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 UPC HOLDING BV EUR TL B2 8 38 30 375%
2 COMEXPOSIUM SA EUR TL B 0 18 18 N/A
3 BASS PRO SHOPS TL B 50 64 14 28%
4 HILLMAN GROUP TL B 26 40 14 54%
5 AMERICAN TIRE EXIT PIK FLLO 17 30 13 76%
6 AMERICAN TIRE EXIT TL 18 30 12 67%
7 AUDIO VISUAL TL B 24 36 12 50%
8 CENGAGE TL 32 44 12 38%
9 CRESTWOOD MIDSTREAM TL B 32 44 12 38%
10 EPIQ SYSTEMS TL B 33 45 12 36%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/18/20 – 9/25/20

RANK TRANCHE DEALERS
1 AMC ENTERTAINMENT TL B1 18
2 GTT COMMUNICATIONS TL B 18
3 TECHEM EUR TL B 18
4 HARLAND CLARKE TL B7 17
5 AMERICAN AIRLINES TL B 17
6 ELSAN GROUPE EUR TL B 17
7 TELENET EUR TL A 17
8 COTY TL B 17
9 EIRCOM FINCO SARL EUR TL B 17
10 CENGAGE TL 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 9/18/20 – 9/25/20

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/18/20 – 9/25/20

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

Sector Bid Offer Spread

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