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Syndicated Bank Loan Market Summary:
Week Ending 4/30/21

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 4/23/21 – 4/30/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.13% 83.78 83.66 16
2 5,100 CHANGE HEALTHCARE TL B 0.02% 99.88 99.85 13
3 5,000 QWEST CORPORATION TL B -0.01% 98.72 98.73 11
4 4,750 ZAYO TL 0.07% 98.95 98.88 15
5 4,700 CAESARS RESORT COLLECTION TL B 0.09% 98.87 98.78 14
6 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.13% 99.83 99.70 13
7 4,475 UNIVISION TL C5 0.06% 99.71 99.66 11
8 4,197 AKZONOBEL TL B 0.20% 98.73 98.53 10
9 3,582 MISYS TL B 0.06% 98.22 98.16 15
10 3,575 STARS GROUP TL B 0.12% 100.30 100.18 16
11 3,524 TRANSDIGM INC. TL F 0.10% 98.71 98.61 14
12 3,515 LIFEPOINT HOSPITALS TL B 0.03% 99.60 99.57 13
13 3,338 ASURION TL B6 N/A 99.70 99.70 11
14 3,325 CINEWORLD TL B -0.36% 85.69 86.00 14
15 3,312 HUB INTL LTD TL B 0.05% 98.64 98.58 18
16 3,300 NTL CABLE PLC TL N 0.03% 99.16 99.13 12
17 3,275 SCIENTIFIC GAMES TL B5 0.17% 98.49 98.33 12
18 3,165 MULTIPLAN TL B 0.04% 99.46 99.42 13
19 3,100 COLORADO BUYER 2ND LIEN TL 0.19% 98.61 98.42 13
20 3,100 ASURION TL B8 0.08% 99.29 99.21 11
AVERAGE 3,917 0.06% 97.72 97.66 13.3

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 4/23/21 – 4/30/21

RANK NAME CHANGE PX PX-1W
1 INDRA HOLDINGS TL B 21.55% 75.00 61.70
2 ARRAY CANADA TL B 11.60% 62.24 55.77
3 SERTA SIMMONS TL 7.68% 76.80 71.33
4 SINCLAIR BROADCAST GROUP INC. TL B 5.75% 70.76 66.91
5 ACCUVANT 2ND LIEN TL 3.71% 93.95 90.59
6 TRAVELPORT TL B 2.37% 86.02 84.03
7 MITEL NETWORKS 2ND LIEN TL 2.33% 49.15 48.03
8 HARLAND CLARKE TL B7 2.19% 92.04 90.07
9 WENCOR GROUP 2ND LIEN TL 2.17% 83.68 81.90
10 ENCINO ACQUISITION PARTNERS 2ND LIEN TL 1.96% 100.86 98.92

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 4/23/21 – 4/30/21

RANK NAME CHANGE PX PX-1W
1 MCDERMOTT EXIT TL -7.15% 46.84 50.45
2 LIMETREE BAY TL B -5.01% 90.52 95.29
3 AT&T COLOCATION TL -2.52% 88.23 90.51
4 RODAN & FIELDS TL B -2.47% 80.09 82.12
5 SECURUS TL -2.11% 92.83 94.83
6 EASTERN POWER TL B -1.35% 92.17 93.44
7 RIVERBED PIK 2ND LIEN TL -1.12% 78.57 79.46
8 LGC TL B -0.98% 98.32 99.29
9 VARSITY BRANDS TL -0.85% 95.91 96.73
10 YAK MAT TL B -0.77% 90.40 91.10

Avg Bid PX by Sector

Displays the average loan bid price by sector between 4/23/21 – 4/30/21

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 4/23/21 – 4/30/21

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 4/23/21 vs. the week ending 4/30/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 PACIFIC DENTAL SERVICES TL B 5 38 33 660%
2 CONVERGEONE TL B 37 60 23 62%
3 MEDPLAST TL 38 60 22 58%
4 SOUTHERN GRAPHICS TL B 2 24 22 1100%
5 INTERNET BRANDS TL 38 58 20 53%
6 CLOUDERA TL B 4 24 20 500%
7 CORNERSTONE TL B 34 52 18 53%
8 INFORMATICA TL B 74 92 18 24%
9 GRIFOLS WORLDWIDE EUR TL B 20 38 18 90%
10 THOUGHTWORKS TL 20 38 18 90%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 4/23/21 – 4/30/21

RANK TRANCHE DEALERS
1 TELENET EUR TL 19
2 HUB INTL LTD TL B 18
3 BIOGROUP DD EUR TL B 18
4 GEO GROUP TL B 18
5 VERISURE EUR TL B 17
6 RACKSPACE HOSTING TL B 17
7 ELSAN GROUPE EUR TL B 17
8 SYNLAB EUR TL B5 17
9 LUMILEDS TL B 17
10 SIGMA BIDCO EUR TL B1 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 4/23/21 – 4/30/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 4/23/21 – 4/30/21

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

Sector Bid Offer Spread

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