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Syndicated Bank Loan Market Summary:
Week Ending 2/12/21

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 2/5/21 – 2/12/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 10,649 INOVYN EUR TL B -0.96% 98.46 99.41 10
2 5,450 ENVISION HEALTHCARE TL B 0.71% 85.03 84.43 15
3 5,100 CHANGE HEALTHCARE TL B 0.05% 100.17 100.12 10
4 5,000 QWEST CORPORATION TL B -0.10% 99.68 99.78 11
5 4,750 ZAYO TL 0.05% 99.89 99.85 15
6 4,750 DELL TL B -0.27% 100.15 100.42 15
7 4,700 CAESARS RESORT COLLECTION TL B 0.15% 98.71 98.57 14
8 4,250 BERRY PLASTICS TL Y 0.04% 100.06 100.03 14
9 3,582 MISYS TL B 0.28% 99.01 98.73 14
10 3,575 STARS GROUP TL B 0.04% 100.31 100.27 15
11 3,524 TRANSDIGM INC. TL F 0.25% 98.54 98.29 14
12 3,515 LIFEPOINT HOSPITALS TL B 0.01% 100.16 100.14 12
13 3,325 CINEWORLD TL B -0.45% 79.90 80.26 13
14 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B 0.03% 99.98 99.95 10
15 3,312 HUB INTL LTD TL B -0.14% 99.09 99.22 16
16 3,300 NTL CABLE PLC TL N 0.20% 99.71 99.50 14
17 3,300 BMC SOFTWARE TL B -0.03% 100.07 100.10 16
18 3,300 SINCLAIR BROADCAST GROUP INC. TL B -0.12% 84.41 84.51 10
19 3,275 SCIENTIFIC GAMES TL B5 0.02% 98.89 98.86 10
20 3,165 MULTIPLAN TL B 0.05% 99.92 99.88 12
AVERAGE 4,257 -0.01% 97.11 97.12 13.0

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 2/5/21 – 2/12/21

RANK NAME CHANGE PX PX-1W
1 LUMILEDS TL B 17.46% 69.06 58.80
2 NBG HOME TL 12.75% 89.00 78.93
3 CATALINA MARKETING EXIT PIK TL 5.15% 35.00 33.29
4 AUGUSTA SPORTSWEAR TL 3.87% 93.84 90.35
5 FLAKT WOODS EUR TL B 3.78% 91.78 88.44
6 VACALIANS EUR TL B 3.50% 89.70 86.67
7 CRESTWOOD MIDSTREAM TL B 3.24% 86.71 83.98
8 BROWN JORDAN INTERNATIONAL TL B 2.75% 81.55 79.37
9 COLOUR BIDCO GBP TL 2.70% 88.95 86.61
10 COLORADO BUYER 2ND LIEN TL 2.58% 87.72 85.51

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 2/5/21 – 2/12/21

RANK NAME CHANGE PX PX-1W
1 ARRAY CANADA TL B -9.51% 61.43 67.88
2 JILL PIK TL -4.34% 65.25 68.21
3 PEABODY ENERGY TL B -4.18% 46.13 48.15
4 LIGHTSTONE GENERATION LLC TL C -1.65% 87.53 89.00
5 AMC ENTERTAINMENT TL B1 -1.38% 79.71 80.83
6 PGS TL B -1.35% 78.89 79.97
7 LANNET TL B -1.03% 95.02 96.01
8 RODAN & FIELDS TL B -0.88% 86.53 87.29
9 MICRO FOCUS TL B3 -0.57% 98.57 99.13
10 EXCELITAS TECHNOLOGIES TL B -0.49% 99.29 99.78

Avg Bid PX by Sector

Displays the average loan bid price by sector between 2/5/21 – 2/12/21

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 2/5/21 – 2/12/21

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 2/5/21 vs. the week ending 2/12/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 AMER SPORTS EUR TL B 3 41 38 1267%
2 NTL CABLE PLC EUR TL O 31 66 35 113%
3 NTL CABLE PLC EUR TL R 20 52 32 160%
4 UNILABS EUR TL B2 10 40 30 300%
5 HOWDEN TL B 10 40 30 300%
6 NTL CABLE PLC GBP TL L 12 40 28 233%
7 NTL CABLE PLC GBP TL M 12 40 28 233%
8 PARQUES REUNIDOS SA EUR TL B 16 44 28 175%
9 FOUNDATION BUILDING TL 2 29 27 1350%
10 LIGHTSTONE GENERATION LLC TL B 20 45 25 125%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 2/5/21 – 2/12/21

RANK TRANCHE DEALERS
1 TELENET EUR TL 20
2 GTT COMMUNICATIONS TL B 18
3 CEVA SANTE ANIMALE EUR TL B 18
4 ZIGGO EUR TL H 18
5 TECHEM EUR TL B4 18
6 LUMILEDS TL B 18
7 NUMERICABLE EUR TL B12 18
8 ELSAN GROUPE EUR TL B 18
9 SYNLAB EUR TL B 18
10 EIRCOM FINCO SARL EUR TL B 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 2/5/21 – 2/12/21

BO Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 2/5/21 – 2/12/21

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

Sector Bid Offer Spread

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