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Syndicated Bank Loan Market Summary:
Week Ending 2/19/21

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 2/12/21 – 2/19/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -1.66% 83.62 85.03 16
2 5,100 CHANGE HEALTHCARE TL B N/A 100.17 100.17 10
3 5,000 QWEST CORPORATION TL B 0.05% 99.73 99.68 11
4 4,750 ZAYO TL N/A 99.89 99.89 15
5 4,750 DELL TL B 0.10% 100.25 100.15 15
6 4,700 CAESARS RESORT COLLECTION TL B 0.05% 98.76 98.71 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.05% 100.25 100.20 10
8 4,250 BERRY PLASTICS TL X -0.01% 100.03 100.04 10
9 4,250 BERRY PLASTICS TL Y -0.03% 100.03 100.06 14
10 3,582 MISYS TL B 0.02% 99.03 99.01 14
11 3,575 STARS GROUP TL B 0.01% 100.32 100.31 15
12 3,524 TRANSDIGM INC. TL F 0.17% 98.71 98.54 14
13 3,515 LIFEPOINT HOSPITALS TL B 0.06% 100.21 100.16 12
14 3,325 CINEWORLD TL B 1.75% 81.30 79.90 13
15 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B 0.02% 100.00 99.98 10
16 3,312 HUB INTL LTD TL B 0.08% 99.16 99.09 13
17 3,300 BMC SOFTWARE TL B 0.07% 100.14 100.07 17
18 3,300 NTL CABLE PLC TL N 0.23% 99.94 99.71 15
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B -1.48% 83.16 84.41 10
20 3,275 SCIENTIFIC GAMES TL B5 -0.03% 98.86 98.89 10
AVERAGE 4,007 -0.03% 97.18 97.20 12.9

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 2/12/21 – 2/19/21

RANK NAME CHANGE PX PX-1W
1 PEAK 10 2ND LIEN TL 7.24% 75.25 70.17
2 LUMILEDS TL B 7.01% 73.91 69.06
3 CIBT HOLDINGS 2ND LIEN TL 6.06% 49.95 47.10
4 STIGA GROUP EUR TL B 5.63% 91.14 86.29
5 SGB-SMIT EUR TL B 5.15% 84.07 79.95
6 REVLON 2ND LIEN TL 4.84% 69.42 66.22
7 WSH INVESTMENTS 2ND LIEN GBP TL 3.36% 96.22 93.10
8 KUONI REISEN EUR TL B 3.08% 97.69 94.78
9 ORBITER GROUP CHF TL 3.04% 97.36 94.48
10 FINTRAX EUR TL B3 3.01% 94.25 91.50

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 2/12/21 – 2/19/21

RANK NAME CHANGE PX PX-1W
1 AS ADVENTURE GBP TL B -9.57% 46.43 51.34
2 TRIMARK TL -7.75% 47.91 51.93
3 GTT COMMUNICATIONS TL B -3.92% 77.79 80.97
4 TRAVELPORT TL B -3.10% 72.61 74.93
5 PEABODY ENERGY TL B -2.80% 44.84 46.13
6 ENVISION HEALTHCARE TL B -1.66% 83.62 85.03
7 SINCLAIR BROADCAST GROUP INC. TL B -1.48% 83.16 84.41
8 LIGHTSTONE GENERATION LLC TL B -0.78% 86.96 87.64
9 CUMULUS MEDIA TL -0.76% 98.46 99.21
10 LONESTAR II GENERATION HOLDINGS TL C -0.68% 96.14 96.81

Avg Bid PX by Sector

Displays the average loan bid price by sector between 2/12/21 – 2/19/21

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 2/12/21 – 2/19/21

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 2/12/21 vs. the week ending 2/19/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SIGMA BIDCO EUR TL B1 0 28 28 NA
2 AREAS DD EUR TL 15 41 26 173%
3 HYPERION EUR TL B 4 30 26 650%
4 CRH EUROPE EUR TL B 18 40 22 122%
5 DEXKO EUR TL B3 10 30 20 200%
6 AUTOSTORE EUR TL 20 40 20 100%
7 AVERYS 2ND LIEN EUR TL B 10 30 20 200%
8 AENOVA EUR TL B 20 40 20 100%
9 AERNNOVA AEROSPACE EUR TL B 20 40 20 100%
10 LABEYRIE EUR TL B1 10 30 20 200%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 2/12/21 – 2/19/21

RANK TRANCHE DEALERS
1 TELENET EUR TL 20
1 TELENET EUR TL 20
2 LUMILEDS TL B 19
3 GTT COMMUNICATIONS TL B 18
4 ZIGGO EUR TL H 18
5 BELK TL B 18
6 TECHEM EUR TL B4 18
7 ELSAN GROUPE EUR TL B 18
8 SYNLAB EUR TL B 18
9 NUMERICABLE EUR TL B12 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 2/12/21 – 2/19/21

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 2/12/21 – 2/19/21

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

Sector Bid Offer Spread

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