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Syndicated Bank Loan Market Summary:
Week Ending 10/16/20

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 10/9/20 – 10/16/20

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 1.32% 72.25 71.31 16
2 5,100 CHANGE HEALTHCARE TL B -0.22% 98.32 98.54 13
3 5,000 QWEST CORPORATION TL B -0.47% 96.71 97.17 12
4 4,750 ZAYO TL -0.33% 97.37 97.69 15
5 4,750 DELL TL B -0.05% 99.79 99.83 16
6 4,700 CAESARS RESORT COLLECTION TL 1.21% 94.33 93.20 11
7 4,250 BERRY PLASTICS TL X -0.15% 98.58 98.74 10
8 4,246 PETSMART NON-CONSENTED TL B2 -0.01% 99.14 99.15 10
9 4,200 POWER SOLUTIONS TL B -0.03% 97.82 97.85 11
10 4,197 AKZONOBEL TL B -0.36% 97.08 97.43 12
11 4,000 T-MOBILE USA TL B 0.09% 99.96 99.87 17
12 3,861 PETSMART CONSENTED TL B2 0.15% 99.81 99.66 12
13 3,582 MISYS TL B -0.44% 94.90 95.31 13
14 3,575 STARS GROUP TL B -0.08% 100.08 100.15 14
15 3,524 TRANSDIGM INC. TL F -0.30% 95.68 95.97 13
16 3,415 ENDO HEALTH TL B -0.20% 95.72 95.91 12
17 3,338 ASURION TL B6 -0.13% 98.47 98.59 10
18 3,325 CINEWORLD TL B -5.35% 59.46 62.82 18
19 3,315 REYNOLDS GROUP HOLDINGS LTD TL B -0.10% 98.57 98.66 10
20 3,312 HUB INTL LTD TL B -0.36% 96.74 97.10 13
AVERAGE 4,094 -0.29% 94.54 94.75 12.9

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 10/9/20 – 10/16/20

RANK NAME CHANGE PX PX-1W
1 FITNESS & SPORT CLUBS TL B 12.56% 74.97 66.60
2 ACCURIDE TL B 9.70% 84.59 77.11
3 MALLINCKRODT TL B 6.82% 88.65 82.99
4 GTT COMMUNICATIONS EUR TL B 4.41% 94.82 90.81
5 ANASTASIA BEVERLY HILLS TL B 3.83% 43.74 42.13
6 KINOVE TL B 3.28% 98.22 95.10
7 COLOUR BIDCO GBP TL 2.73% 69.58 67.73
8 AERNNOVA AEROSPACE EUR TL B 2.67% 78.99 76.94
9 PEAK 10 2ND LIEN TL 2.45% 59.86 58.43
10 PRONOVIAS EUR TL B1 2.22% 51.32 50.21

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/9/20 – 10/16/20

RANK NAME CHANGE PX PX-1W
1 REVLON TL B -6.00% 26.76 28.47
2 TRAVELPORT TL B -5.84% 57.92 61.52
3 EG GROUP 2ND LIEN EUR TL -4.91% 90.34 95.01
4 FIELDWOOD ENERGY TL -2.93% 24.23 24.96
5 AMERICAN AIRLINES TL B -1.81% 82.35 83.86
6 FLY LEASING TL -1.65% 85.99 87.44
7 ZEST DENTAL TL -1.43% 86.70 87.96
8 SAFE FLEET TL B -1.32% 93.36 94.61
9 CPI INTERNATIONAL TL -1.17% 96.35 97.49
10 NORTHRIVER MIDSTREAM TL B -0.92% 95.63 96.52

Avg Bid PX by Sector

Displays the average loan bid price by sector between 10/9/20 – 10/16/20

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 10/9/20 – 10/16/20

Mark 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 10/9/20 vs. the week ending 10/16/20

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 MICHAELS STORES TL B 14 36 22 157%
2 ALPHA GROUP EUR TL 0 16 16 0%
3 CLARION EVENTS GBP TL 10 24 14 140%
4 CLARION EVENTS TL 0 12 12 0%
5 CINEWORLD EUR TL B 10 22 12 120%
6 CSM BAKERY TL B 10 22 12 120%
7 CSM BAKERY 2ND LIEN TL 0 12 12 0%
8 EG GROUP EUR TL B1 32 44 12 38%
9 TECHNICOLOR EUR TL B 8 20 12 150%
10 EFS COGEN TL B 28 39 11 39%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 10/9/20 – 10/16/20

RANK TRANCHE DEALERS
1 AMC ENTERTAINMENT TL B1 21
2 GTT COMMUNICATIONS TL B 19
3 TELENET EUR TL 19
4 HARLAND CLARKE TL B7 18
5 CINEWORLD TL B 18
6 AKZONOBEL EUR TL B 18
7 VERISURE EUR TL B1 18
8 PARTY CITY TL B 18
9 VERISURE EUR TL B 17
10 AMERICAN AIRLINES TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 10/9/20 – 10/16/20

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 10/9/20 – 10/16/20

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

Sector Bid Offer Spread

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