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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.

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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 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

Avg Bid Px by Sector

Sentiment

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 11/6/20 – 11/13/20

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 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

Bid Offer Volume

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

Sector Bid Offer Spread

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