Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 4/9/21
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 4/1/21 – 4/9/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 5,450 | ENVISION HEALTHCARE TL B | -1.16% | 84.97 | 85.97 | 15 |
| 2 | 5,100 | CHANGE HEALTHCARE TL B | 0.21% | 100.08 | 99.87 | 12 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.32% | 99.12 | 98.81 | 11 |
| 4 | 4,750 | ZAYO TL | 0.24% | 99.35 | 99.11 | 17 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.44% | 98.98 | 98.55 | 15 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.21% | 99.88 | 99.67 | 13 |
| 7 | 4,475 | UNIVISION TL C5 | 0.48% | 99.78 | 99.31 | 11 |
| 8 | 4,197 | AKZONOBEL TL B | 0.01% | 98.46 | 98.46 | 10 |
| 9 | 3,582 | MISYS TL B | 0.66% | 98.48 | 97.83 | 15 |
| 10 | 3,575 | STARS GROUP TL B | 0.20% | 100.27 | 100.07 | 16 |
| 11 | 3,524 | TRANSDIGM INC. TL F | 0.89% | 98.72 | 97.85 | 14 |
| 12 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.24% | 99.90 | 99.66 | 13 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | 1.06% | 103.50 | 102.41 | 11 |
| 14 | 3,338 | ASURION TL B6 | 0.10% | 99.83 | 99.73 | 10 |
| 15 | 3,325 | CINEWORLD TL B | 1.74% | 86.53 | 85.05 | 16 |
| 16 | 3,312 | HUB INTL LTD TL B | 0.38% | 98.90 | 98.53 | 18 |
| 17 | 3,300 | SINCLAIR BROADCAST GROUP INC. TL B | -0.99% | 69.40 | 70.09 | 10 |
| 18 | 3,300 | NTL CABLE PLC TL N | 0.39% | 99.50 | 99.11 | 12 |
| 19 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.45% | 98.41 | 97.97 | 14 |
| 20 | 3,165 | MULTIPLAN TL B | 0.31% | 99.75 | 99.44 | 12 |
| AVERAGE | 3,947 | 0.31% | 96.69 | 96.37 | 13.3 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 4/1/21 – 4/9/21
| RANK | NAME | CHANGE | PX | PX-1W |
| 1 | OUTPUT SERVICES GROUP TL | 6.21% | 82.83 | 77.98 |
| 2 | SERTA SIMMONS TL | 3.67% | 63.71 | 61.45 |
| 3 | PURESTAR TL | 3.56% | 77.14 | 74.48 |
| 4 | GTT COMMUNICATIONS TL B | 3.43% | 83.75 | 80.97 |
| 5 | COLOUR BIDCO GBP TL | 3.17% | 86.73 | 84.07 |
| 6 | ELECTRICAL COMPONENTS 2ND LIEN TL | 2.20% | 79.75 | 78.04 |
| 7 | MRO HOLDING TL B | 2.03% | 95.69 | 93.79 |
| 8 | HORNBLOWER PIK TL B | 1.88% | 91.50 | 89.81 |
| 9 | HEALOGICS EXT TL B | 1.66% | 92.04 | 90.54 |
| 10 | FOGO DE CHAO TL | 1.64% | 94.75 | 93.23 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 4/1/21 – 4/9/21
| 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 | GOPHER RESOURCE TL | -5.80% | 89.02 | 94.51 |
| 5 | INDRA HOLDINGS TL B | -2.54% | 62.56 | 64.19 |
| 6 | PRONOVIAS EUR TL B3 | -1.96% | 72.74 | 74.20 |
| 7 | HOTELBEDS EUR TL B | -1.90% | 86.52 | 88.20 |
| 8 | AT&T COLOCATION TL | -1.80% | 90.77 | 92.43 |
| 9 | SINCLAIR BROADCAST GROUP INC. TL B | -1.58% | 70.09 | 71.22 |
| 10 | AREAS DD EUR TL | -1.50% | 81.64 | 82.88 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 4/1/21 – 4/9/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Sentiment
Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 4/1/21 – 4/9/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 4/1/21 vs. the week ending 4/9/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SS&C TECH TL B3 | 80 | 112 | 32 | 40% |
| 2 | SS&C TECH TL B5 | 74 | 104 | 30 | 41% |
| 3 | PLANTRONICS TL | 60 | 90 | 30 | 50% |
| 4 | ASPEN DENTAL TL B | 54 | 84 | 30 | 56% |
| 5 | INTEL TL | 54 | 83 | 29 | 54% |
| 6 | ACCURIDE TL B | 48 | 76 | 28 | 58% |
| 7 | CITY BREWING TL B | 6 | 32 | 26 | 433% |
| 8 | DELTA COMFORT BV EUR TL B | 6 | 32 | 26 | 433% |
| 9 | PEABODY ENERGY TL B | 30 | 56 | 26 | 87% |
| 10 | STRATEGIC MATERIALS TL | 34 | 60 | 26 | 76% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 4/1/21 – 4/9/21
| RANK | TRANCHE | DEALERS |
| 1 | TELENET EUR TL | 19 |
| 2 | BIOGROUP DD EUR TL B | 19 |
| 3 | SIGMA BIDCO EUR TL B1 | 18 |
| 4 | SYNLAB EUR TL B5 | 18 |
| 5 | HUB INTL LTD TL B | 18 |
| 6 | CEVA SANTE ANIMALE EUR TL B | 18 |
| 7 | ZIGGO EUR TL H | 18 |
| 8 | BANIJAY GROUP EUR TL B | 18 |
| 9 | TECHEM EUR TL B4 | 18 |
| 10 | GTT COMMUNICATIONS TL B | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 4/1/21 – 4/9/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 4/1/21 – 4/9/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
