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Syndicated Bank Loan Market Summary:
Week Ending 2/26/21

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 2/19/21 – 2/26/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 2.00% 85.29 83.62 17
2 5,100 CHANGE HEALTHCARE TL B -0.04% 100.13 100.17 11
3 5,000 QWEST CORPORATION TL B -0.14% 99.59 99.73 11
4 4,750 ZAYO TL -0.09% 99.80 99.89 15
5 4,750 DELL TL B 0.05% 100.30 100.25 16
6 4,700 CAESARS RESORT COLLECTION TL B -0.33% 98.44 98.76 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.14% 100.11 100.25 10
8 4,475 UNIVISION TL C5 -0.01% 99.90 99.91 10
9 4,250 BERRY PLASTICS TL Y -0.09% 99.94 100.03 14
10 3,582 MISYS TL B -0.21% 98.82 99.03 14
11 3,575 STARS GROUP TL B 0.05% 100.37 100.32 15
12 3,524 TRANSDIGM INC. TL F -0.08% 98.62 98.71 14
13 3,515 LIFEPOINT HOSPITALS TL B -0.10% 100.11 100.21 13
14 3,415 ENDO HEALTH TL B -0.17% 99.60 99.77 10
15 3,325 CINEWORLD TL B 6.20% 86.33 81.30 13
16 3,312 HUB INTL LTD TL B -0.28% 98.88 99.16 12
17 3,300 BMC SOFTWARE TL B -0.20% 99.94 100.14 17
18 3,300 NTL CABLE PLC TL N -0.24% 99.69 99.94 15
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B -6.68% 77.61 83.16 11
20 3,275 SCIENTIFIC GAMES TL B5 -0.43% 98.43 98.86 12
AVERAGE 4,023 -0.05% 97.10 97.16 13.2

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 2/19/21 – 2/26/21

RANK NAME CHANGE PX PX-1W
1 RENTPATH TL 107.16% 85.12 41.09
2 WORLDSTRIDES PIK HOLDCO TL 44.13% 34.88 24.20
3 COLORADO BUYER 2ND LIEN TL 13.03% 99.48 88.01
4 PEAK 10 2ND LIEN TL 9.46% 82.37 75.25
5 ELECTRONICS FOR IMAGING 2ND LIEN TL 8.43% 65.06 60.00
6 CINEWORLD EUR TL B 6.83% 84.44 79.04
7 SANDY CREEK TL B 6.22% 68.33 64.34
8 AMC ENTERTAINMENT TL B1 4.57% 86.08 82.32
9 CIBT HOLDINGS TL 4.49% 80.26 76.81
10 VUE INTERNATIONAL BIDCO PLC EUR TL B 4.40% 90.66 86.84

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 2/19/21 – 2/26/21

RANK NAME CHANGE PX PX-1W
1 RENFRO TL B -8.32% 33.99 37.08
2 SINCLAIR BROADCAST GROUP INC. TL B -6.68% 77.61 83.16
3 GTT COMMUNICATIONS EUR TL B -3.95% 83.41 86.84
4 ARRAY CANADA TL B -1.40% 58.85 59.69
5 AECOM TECH TL B -0.83% 99.44 100.27
6 SPECTRUM PLASTICS TL -0.81% 94.97 95.75
7 EVERI PAYMENTS INC TL -0.80% 98.53 99.32
8 INVENERGY TL B -0.77% 99.05 99.82
9 AMEX GBT TL B -0.76% 95.82 96.55
10 PACKERS HOLDINGS TL -0.75% 100.00 100.75

Avg Bid PX by Sector

Displays the average loan bid price by sector between 2/19/21 – 2/26/21

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 2/19/21 – 2/26/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 2/19/21 vs. the week ending 2/26/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 QUIKRETE TL B 56 85 29 52%
2 SCIENTIFIC GAMES TL B5 20 49 29 145%
3 ONTIC TL B 16 44 28 175%
4 ZIGGO TL I 46 70 24 52%
5 VIRTU FINANCIAL TL 24 46 22 92%
6 SS&C TECH TL B5 39 61 22 56%
7 DELL TL B 24 46 22 92%
8 FILTRATION GROUP TL B 40 61 21 53%
9 HOSTESS BRANDS TL 30 51 21 70%
10 HUSKY INJECTION MOLDING TL B 42 63 21 50%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 2/19/21 – 2/26/21

RANK TRANCHE DEALERS
1 TELENET EUR TL 20
2 ZIGGO EUR TL H 19
3 LUMILEDS TL B 19
4 GTT COMMUNICATIONS TL B 19
5 TECHEM EUR TL B4 18
6 NUMERICABLE EUR TL B12 18
7 ELSAN GROUPE EUR TL B 18
8 SYNLAB EUR TL B 18
9 AKZONOBEL EUR TL B 17
10 BRAND ENERGY TL 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 2/19/21 – 2/26/21

Bid Offer Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 2/19/21 – 2/26/21

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

Sector Bid Offer Spread

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