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Syndicated Bank Loan Market Summary:
Week Ending 4/1/21

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 3/26/21 – 4/1/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.13% 85.97 86.08 16
2 5,100 CHANGE HEALTHCARE TL B 0.05% 99.87 99.82 13
3 5,000 QWEST CORPORATION TL B 0.02% 98.81 98.79 11
4 4,750 ZAYO TL 0.02% 99.11 99.09 17
5 4,700 CAESARS RESORT COLLECTION TL B 0.26% 98.55 98.29 15
6 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.07% 99.67 99.59 13
7 4,475 UNIVISION TL C5 0.29% 99.31 99.02 12
8 4,197 AKZONOBEL TL B -0.15% 98.46 98.61 10
9 3,582 MISYS TL B 0.04% 97.83 97.79 15
10 3,575 STARS GROUP TL B -0.02% 100.07 100.08 16
11 3,524 TRANSDIGM INC. TL F N/A 97.85 97.84 14
12 3,515 LIFEPOINT HOSPITALS TL B -0.07% 99.66 99.72 13
13 3,500 AMERICAN AIRLINES TL B 0.25% 102.41 102.16 11
14 3,338 ASURION TL B6 N/A 99.73 99.73 10
15 3,325 CINEWORLD TL B -0.18% 85.05 85.20 16
16 3,312 HUB INTL LTD TL B 0.01% 98.53 98.52 18
17 3,300 SINCLAIR BROADCAST GROUP INC. TL B -1.58% 70.09 71.22 11
18 3,300 NTL CABLE PLC TL N 0.11% 99.11 99.00 12
19 3,275 SCIENTIFIC GAMES TL B5 N/A 97.97 97.97 14
20 3,165 MULTIPLAN TL B 0.02% 99.44 99.42 12
AVERAGE 3,947 -0.05% 96.37 96.40 13.5

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 3/26/21 – 4/1/21

RANK NAME CHANGE PX PX-1W
1 CRESTWOOD MIDSTREAM TL B 10.78% 98.96 89.34
2 OUTPUT SERVICES GROUP TL 6.21% 82.83 77.98
3 LUMILEDS TL B 5.32% 75.89 72.06
4 COMDATA SPA EUR TL B 4.69% 55.66 53.16
5 PURESTAR TL 3.56% 77.14 74.48
6 GTT COMMUNICATIONS TL B 3.43% 83.75 80.97
7 GATE GOURMET EUR TL B 2.80% 83.26 81.00
8 FLAMINGO/AFRIFLORA EUR TL 2.40% 97.93 95.63
9 SERTA SIMMONS 2ND LIEN TL 2.06% 50.22 49.21
10 MRO HOLDING TL B 2.03% 95.69 93.79

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 3/26/21 – 4/1/21

RANK NAME CHANGE PX PX-1W
1 LIGADO NETWORKS TL B -7.79% 84.54 91.69
2 PEABODY ENERGY TL B -7.62% 33.41 36.17
3 SAMARCO MINERACAO TL -6.62% 70.97 76.00
4 HOTELBEDS EUR TL D -2.46% 86.08 88.25
5 EPIC CRUDE TL B -2.01% 72.16 73.63
6 HOTELBEDS EUR TL B -1.90% 86.52 88.20
7 AT&T COLOCATION TL -1.80% 90.77 92.43
8 SINCLAIR BROADCAST GROUP INC. TL B -1.58% 70.09 71.22
9 AREAS DD EUR TL -1.50% 81.64 82.88
10 RODAN & FIELDS TL B -1.42% 83.35 84.55

Avg Bid PX by Sector

Displays the average loan bid price by sector between 3/26/21 – 4/1/21

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 3/26/21 – 4/1/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 3/26/21 vs. the week ending 4/1/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 EVERI PAYMENTS INC TL B 0 60 60 N/A
2 GO DADDY TL B4 33 60 27 82%
3 SKYSCRAPER PERFORMANCE EUR TL B 0 26 26 N/A
4 MASMOVIL IBERCOM SA EUR TL B2 0 24 24 N/A
5 BRIGHTSPRING EXT TL B 4 28 24 600%
6 AMERICAN AXLE & MANUFACTURING TL A 10 30 20 200%
7 ARDENT HEALTH PARTNERS TL B 12 32 20 167%
8 PRESS GANEY EXT TL 14 32 18 129%
9 SEDGWICK EXT TL B2 0 16 16 N/A
10 CORNERSTONE TL B 2 18 16 800%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 3/26/21 – 4/1/21

RANK TRANCHE DEALERS
1 SIGMA BIDCO EUR TL B1 19
2 TELENET EUR TL 19
3 BIOGROUP DD EUR TL B 19
4 GTT COMMUNICATIONS TL B 19
5 BANIJAY GROUP EUR TL B 18
6 LUMILEDS TL B 18
7 ELSAN GROUPE EUR TL B 18
8 SYNLAB EUR TL B5 18
9 HUB INTL LTD TL B 18
10 CEVA SANTE ANIMALE EUR TL B 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 3/26/21 – 4/1/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 3/26/21 – 4/1/21

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

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