Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 11/13/20
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 11/6/20 – 11/13/20
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 10,649 | INOVYN EUR TL B | 0.88% | 98.87 | 98.01 | 10 |
| 2 | 6,451 | REFINITV TL B | 0.19% | 99.33 | 99.14 | 11 |
| 3 | 5,450 | ENVISION HEALTHCARE TL B | 4.57% | 75.55 | 72.25 | 12 |
| 4 | 5,100 | CHANGE HEALTHCARE TL B | 0.58% | 98.94 | 98.37 | 12 |
| 5 | 5,000 | QWEST CORPORATION TL B | 0.17% | 97.55 | 97.38 | 11 |
| 6 | 4,750 | DELL TL B | 0.10% | 99.73 | 99.63 | 17 |
| 7 | 4,750 | ZAYO TL | 0.68% | 98.04 | 97.38 | 17 |
| 8 | 4,700 | CAESARS RESORT COLLECTION TL | 2.22% | 95.59 | 93.52 | 11 |
| 9 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.14% | 98.81 | 98.67 | 10 |
| 10 | 4,250 | BERRY PLASTICS TL Y | 0.33% | 98.56 | 98.23 | 16 |
| 11 | 4,246 | PETSMART NON-CONSENTED TL B2 | -0.12% | 98.96 | 99.08 | 11 |
| 12 | 4,197 | AKZONOBEL TL B | 0.67% | 97.60 | 96.95 | 11 |
| 13 | 3,861 | PETSMART CONSENTED TL B2 | 0.14% | 99.14 | 99.00 | 12 |
| 14 | 3,582 | MISYS TL B | 0.96% | 96.15 | 95.23 | 12 |
| 15 | 3,575 | STARS GROUP TL B | 0.16% | 100.21 | 100.05 | 16 |
| 16 | 3,524 | TRANSDIGM INC. TL F | 0.08% | 94.99 | 94.91 | 13 |
| 17 | 3,415 | ENDO HEALTH TL B | 1.21% | 97.46 | 96.30 | 10 |
| 18 | 3,325 | CINEWORLD TL B | 21.04% | 68.21 | 56.35 | 16 |
| 19 | 3,315 | REYNOLDS GROUP HOLDINGS LIMITED TL B | 0.33% | 98.70 | 98.38 | 10 |
| 20 | 3,312 | HUB INTL LTD TL B | 0.19% | 97.92 | 97.73 | 13 |
| AVERAGE | 4,601 | 1.73% | 95.51 | 94.33 | 12.6 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 11/6/20 – 11/13/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | CINEWORLD TL B | 21.20% | 67.79 | 55.93 |
| 2 | AMC ENTERTAINMENT TL B1 | 21.18% | 68.30 | 56.36 |
| 3 | COLORADO BUYER 2ND LIEN TL | 20.51% | 69.57 | 57.73 |
| 4 | AMERICAN AIRLINES TL B | 13.56% | 84.39 | 74.32 |
| 5 | EQUINOX HLDGS INC TL B | 13.17% | 82.49 | 72.89 |
| 6 | HOTELBEDS EUR TL B | 11.68% | 83.12 | 74.42 |
| 7 | PRAESIDIAD TL B | 11.64% | 56.10 | 50.25 |
| 8 | LUMILEDS TL B | 11.62% | 54.97 | 49.25 |
| 9 | PARQUES REUNIDOS SA EUR TL B | 11.46% | 90.37 | 81.08 |
| 10 | TRAVELPORT TL B | 11.45% | 58.00 | 52.04 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/6/20 – 11/13/20
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | NATIONAL CINEMEDIA TL B | -12.70% | 60.28 | 69.05 |
| 2 | PEABODY ENERGY TL B | -4.62% | 29.73 | 31.17 |
| 3 | CITGO TL | -4.36% | 89.21 | 93.27 |
| 4 | COGNITA FINANCING PLC EUR TL B1 | -2.98% | 95.00 | 97.92 |
| 5 | EPIC Y-GRADE SERVICES EXT TL B | -2.88% | 77.20 | 79.48 |
| 6 | AREAS EUR TL B1 | -2.39% | 78.60 | 80.53 |
| 7 | APCOA EUR TL B | -2.01% | 90.32 | 92.17 |
| 8 | DELEK TL B | -1.79% | 92.83 | 94.53 |
| 9 | FIELDWOOD ENERGY TL | -1.76% | 22.51 | 22.92 |
| 10 | PYXUS INTERNATIONAL EXIT TL | -1.68% | 93.18 | 94.77 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/6/20 – 11/13/20
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 11/6/20 – 11/13/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/6/20 vs. the week ending 11/13/20
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TMF GROUP HOLDING BV EUR TL B | 8 | 48 | 40 | 500% |
| 2 | NESTLE SKIN HEALTH EUR TL B | 18 | 50 | 32 | 178% |
| 3 | NORD ANGLIA EDUCATION FINANC TL | 0 | 32 | 32 | 0% |
| 4 | OGF(POMPES FUNEBRES GENERALE) EUR TL B | 24 | 54 | 30 | 125% |
| 5 | GLOBAL UNIVERSITY EUR TL B | 0 | 30 | 30 | 0% |
| 6 | KLOECKNER EUR TL B | 12 | 40 | 28 | 233% |
| 7 | AMMERAAL BELTECH EUR TL B | 2 | 30 | 28 | 1400% |
| 8 | BCA MARKETPLACE EUR TL B2 | 16 | 44 | 28 | 175% |
| 9 | WYNDHAM DESTINATIONS, INC. EUR TL B | 12 | 40 | 28 | 233% |
| 10 | NORD ANGLIA EDUCATION FINANC EUR TL B | 20 | 46 | 26 | 130% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/6/20 – 11/13/20
| RANK | TRANCHE | DEALERS |
| 1 | TELENET EUR TL | 19 |
| 2 | VERISURE EUR TL B1 | 18 |
| 3 | SIGMA BIDCO EUR TL B | 17 |
| 4 | SYNLAB EUR TL B3 | 17 |
| 5 | NTL CABLE PLC EUR TL R | 17 |
| 6 | VERISURE EUR TL B | 17 |
| 7 | CINEWORLD TL B | 17 |
| 8 | EIRCOM FINCO SARL EUR TL B | 17 |
| 9 | CEVA SANTE ANIMALE EUR TL B | 17 |
| 10 | ZAYO TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/6/20 – 11/13/20
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 11/6/20 – 11/13/20
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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