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Syndicated Bank Loan Market Summary:
Week Ending 6/25/21

MITEL NETWORKS 2ND LIEN TL MITL increased 3.3% from $54.80 to $56.60 last week following Destiny’s announced acquisition of Telepo and Soluno making them the largest European UCass platform.

SINCLAIR BROADCAST GROUP INC. TL B decreased -8.0% from $67.53 to $62.16 last week as the company searches for financing options for a key new streaming platform.

Energy Oil and Gas was the top performing industry over the past week up 0.9% as oil prices continue to hit record highs and driven by gains in Fieldwood Energy, Philadelphia Energy and Acteon Group loans.

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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 6/18/21 – 6/25/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.04% 85.41 85.37 13
2 5,100 CHANGE HEALTHCARE TL B -0.07% 99.83 99.90 14
3 5,000 QWEST CORPORATION TL B -0.15% 98.75 98.90 10
4 5,000 UNITED CONTINENTAL TL B 0.24% 101.37 101.12 12
5 4,750 ZAYO TL -0.21% 98.94 99.14 16
6 4,700 CAESARS RESORT COLLECTION TL B -0.01% 99.07 99.08 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.02% 99.58 99.56 13
8 4,197 AKZONOBEL TL B 0.09% 99.34 99.25 10
9 3,582 MISYS TL B 0.06% 98.43 98.38 14
10 3,575 STARS GROUP TL B -0.09% 100.09 100.18 14
11 3,524 TRANSDIGM INC. TL F -0.05% 98.50 98.55 15
12 3,515 LIFEPOINT HOSPITALS TL B -0.21% 99.79 100.00 14
13 3,500 AMERICAN AIRLINES TL B -0.05% 104.07 104.12 10
14 3,380 SOLERA TL B -0.03% 100.26 100.29 13
15 3,338 ASURION TL B6 -0.04% 99.46 99.50 10
16 3,325 CINEWORLD TL B -0.29% 88.12 88.37 14
17 3,312 HUB INTL LTD TL B -0.08% 98.82 98.90 16
18 3,300 SINCLAIR BROADCAST GROUP INC. TL B -7.96% 62.16 67.54 10
19 3,300 NTL CABLE PLC TL N N/A 99.15 99.15 12
20 3,275 SCIENTIFIC GAMES TL B5 0.08% 98.82 98.74 13
AVERAGE 3,984 -0.44% 96.50 96.80 12.9

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 6/18/21 – 6/25/21

RANK NAME CHANGE PX PX-1W
1 STEINHOFF EUROPE TL B2 15.57% 75.79 65.58
2 LIGHTSTONE GENERATION LLC TL C 8.08% 76.22 70.53
3 UNIFRAX 2ND LIEN TL 4.16% 93.93 90.18
4 MITEL NETWORKS 2ND LIEN TL 3.30% 56.61 54.80
5 WP CPP 2ND LIEN TL 3.07% 97.10 94.21
6 TRAVELPORT P TL 2.67% 105.01 102.28
7 EXELA TL B 2.37% 40.41 39.47
8 LUMILEDS TL B 1.84% 83.36 81.86
9 AUDIO VISUAL TL B1 1.74% 91.37 89.81
10 SECURUS TL 1.67% 94.62 93.06

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 6/18/21 – 6/25/21

RANK NAME CHANGE PX PX-1W
1 LIMETREE BAY TL B -14.71% 71.28 83.57
2 SINCLAIR BROADCAST GROUP INC. TL B -7.96% 62.16 67.54
3 SERTA SIMMONS TL -4.73% 68.85 72.27
4 PEABODY ENERGY TL B -2.12% 63.62 65.00
5 ENDO HEALTH TL B -1.96% 95.89 97.81
6 TENEO HOLDINGS TL -1.53% 98.55 100.08
7 TELESAT TL B -1.50% 93.11 94.52
8 HERITAGE POWER TL B -1.37% 88.02 89.24
9 POULT EUR TL B -1.05% 97.00 98.03
10 UNILABS EUR TL B -1.01% 98.77 99.78

Avg Bid PX by Sector

Displays the average loan bid price by sector between 6/18/21 – 6/25/21

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

Avg Bid Px by Sector - 6.28.21

Sentiment

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 6/18/21 – 6/25/21

Sentiment - 6.28.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 6/18/21 vs. the week ending 6/25/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 UNIVERSAL SERVICES EUR TL B 6 56 50 833%
2 BIOGROUP DD EUR TL B 56 98 42 75%
3 MITEL NETWORKS TL 44 72 28 64%
4 TECHNICOLOR EUR TL B 6 32 26 433%
5 ION CORPORATES EUR TL B 12 38 26 217%
6 L&W GROUP TL B 34 59 25 74%
7 PROOFPOINT TL B 61 86 25 41%
8 POWER SOLUTIONS EUR TL B 26 50 24 92%
9 TECHNICOLOR TL B 6 30 24 400%
10 TECHNICOLOR DD EUR TL 6 30 24 400%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 6/18/21 – 6/25/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 21
2 BIOGROUP DD EUR TL B 19
3 VERISURE EUR TL B 18
4 RACKSPACE HOSTING TL B 18
5 ELSAN GROUPE EXT EUR TL B 18
6 SYNLAB EUR TL B5 18
7 SIGMA BIDCO EUR TL B1 18
8 PLAYA RESORTS TL B 18
9 CEVA SANTE ANIMALE EUR TL B 18
10 ZIGGO EUR TL H 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 6/18/21 – 6/25/21

Bid Offer Volume - 6.21.21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 6/18/21 – 6/25/21

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

Sector Bid Offer Spread - 6.28.21

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