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Syndicated Bank Loan Market Summary:
Week Ending 6/4/21

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 5/28/21 – 6/4/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.13% 85.21 85.32 13
2 5,000 QWEST CORPORATION TL B 0.01% 99.07 99.07 11
3 5,000 UNITED CONTINENTAL TL B 0.15% 100.97 100.82 12
4 4,750 ZAYO TL 0.01% 99.25 99.24 14
5 4,700 CAESARS RESORT COLLECTION TL B 0.07% 99.25 99.18 13
6 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.07% 99.66 99.59 13
7 4,475 UNIVISION TL C5 0.11% 99.90 99.79 12
8 3,582 MISYS TL B 0.02% 98.70 98.68 15
9 3,575 STARS GROUP TL B 0.00% 100.34 100.34 14
10 3,524 TRANSDIGM INC. TL F -0.04% 98.64 98.68 14
11 3,515 LIFEPOINT HOSPITALS TL B 0.05% 100.02 99.98 13
12 3,338 ASURION TL B6 -0.18% 99.57 99.75 10
13 3,325 CINEWORLD TL B 0.72% 87.37 86.75 13
14 3,312 HUB INTL LTD TL B 0.02% 98.98 98.96 16
15 3,300 NTL CABLE PLC TL N 0.07% 99.45 99.38 12
16 3,275 SCIENTIFIC GAMES TL B5 0.03% 99.00 98.97 11
17 3,165 MULTIPLAN TL B -0.02% 99.84 99.86 13
18 3,100 COLORADO BUYER 2ND LIEN TL 0.00% 98.59 98.59 10
19 3,100 JAZZ PHARMA TL B 0.03% 100.48 100.44 10
20 3,100 ASURION TL B8 -0.43% 99.05 99.48 10
AVERAGE 3,858 0.03% 98.17 98.14 12.5

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 5/28/21 – 6/4/21

RANK NAME CHANGE PX PX-1W
1 EXELA TL B 8.49% 39.44 36.36
2 LUMILEDS TL B 5.86% 79.41 75.02
3 SONICWALL 2ND LIEN TL 4.14% 97.33 93.47
4 TORTOISE INVESTMENT TL 2.93% 65.37 63.51
5 UNITED ROAD SERVICES TL 2.87% 82.58 80.28
6 EPIC CRUDE TL B 2.01% 74.14 72.67
7 VUE INTERNATIONAL BIDCO PLC EUR TL B 1.81% 94.60 92.91
8 ANASTASIA BEVERLY HILLS TL B 1.26% 72.37 71.47
9 PITNEY BOWES TL B 1.26% 99.18 97.94
10 ODYSSEY LOGISTICS & TECHNOLOGY 2ND LIEN TL 1.13% 92.00 90.97

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 5/28/21 – 6/4/21

RANK NAME CHANGE PX PX-1W
1 LIGHTSTONE GENERATION LLC TL C -14.13% 68.79 80.11
2 GENON ENERGY INC TL B -8.84% 82.35 90.34
3 AT&T COLOCATION TL -5.40% 84.16 88.96
4 OREGON CLEAN ENERGY TL -5.08% 91.08 95.95
5 ESSENTIAL POWER TL B -5.00% 92.60 97.46
6 EASTERN POWER TL B -4.57% 87.54 91.73
7 HERITAGE POWER TL B -4.47% 89.31 93.49
8 TALEN ENERGY SUPPLY LLC TL B -4.22% 93.87 98.00
9 CPV SHORE TL B -3.61% 91.30 94.72
10 GRANITE ENERGY TL B -3.56% 96.42 99.99

Avg Bid PX by Sector

Displays the average loan bid price by sector between 5/28/21 – 6/4/21

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 5/28/21 – 6/4/21

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 5/28/21 vs. the week ending 6/4/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 DT MIDSTREAM TL B 26 50 24 92%
2 TRICO PRODUCTS TL B 10 30 20 200%
3 WIPRO DATA CENTRE & CLOUD SERVICES INC TL B 23 40 17 74%
4 PAYSAFE EUR TL B2 16 32 16 100%
5 INTEL EUR TL 8 24 16 200%
6 AHLSELL EUR TL B 8 24 16 200%
7 JAZZ PHARMA EUR TL B 22 36 14 64%
8 HYPERION EUR TL B 12 24 12 100%
9 CIBT HOLDINGS 2ND LIEN TL 18 28 10 56%
10 PETVET TL B3 23 33 10 43%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 5/28/21 – 6/4/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 19
2 SIGMA BIDCO EUR TL B1 19
3 TELENET EUR TL 19
4 BIOGROUP DD EUR TL B 19
5 ELSAN GROUPE EUR TL B 18
6 CEVA SANTE ANIMALE EUR TL B 18
7 ZIGGO EUR TL H 18
8 TECHEM EUR TL B4 18
9 BANIJAY GROUP EUR TL B 18
10 VERISURE EUR TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 5/28/21 – 6/4/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 5/28/21 – 6/4/21

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

Sector Bid Offer Spread

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