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Syndicated Bank Loan Market Summary:
Week Ending 7/9/21

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 7/2/21 – 7/9/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.21% 85.23 85.41 13
2 5,100 CHANGE HEALTHCARE TL B 0.02% 99.88 99.85 14
3 5,000 QWEST CORPORATION TL B -0.15% 98.36 98.51 10
4 5,000 UNITED CONTINENTAL TL B -0.04% 101.23 101.28 13
5 4,750 ZAYO TL -0.04% 98.79 98.82 17
6 4,700 CAESARS RESORT COLLECTION TL B -0.09% 99.10 99.19 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B N/A 99.55 99.55 13
8 4,197 AKZONOBEL TL B -0.13% 99.04 99.17 10
9 3,582 MISYS TL B -0.02% 98.37 98.39 14
10 3,575 STARS GROUP TL B -0.02% 100.03 100.05 16
11 3,524 TRANSDIGM INC. TL F -0.02% 98.46 98.48 15
12 3,515 LIFEPOINT HOSPITALS TL B -0.01% 99.74 99.74 14
13 3,500 AMERICAN AIRLINES TL B -0.25% 103.97 104.23 10
14 3,380 SOLERA TL B -0.09% 100.18 100.27 13
15 3,338 ASURION TL B6 -0.10% 99.43 99.53 10
16 3,325 CINEWORLD TL B -0.75% 86.87 87.52 12
17 3,312 HUB INTL LTD TL B -0.03% 98.80 98.84 16
18 3,300 SINCLAIR BROADCAST GROUP INC. TL B -4.02% 56.94 59.32 11
19 3,300 NTL CABLE PLC TL N -0.10% 98.96 99.06 12
20 3,275 SCIENTIFIC GAMES TL B5 N/A 99.20 99.21 13
AVERAGE 3,984   -0.30% 96.11 96.32 13.0

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 7/2/21 – 7/9/21

RANK NAME CHANGE PX PX-1W
1 EXELA TL B 8.64% 74.03 68.14
2 STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 4.42% 74.82 71.65
3 INNOVATIVE WATER 2ND LIEN TL 3.82% 99.67 96.00
4 PEABODY ENERGY TL B 2.97% 66.08 64.18
5 COMDATA SPA EUR TL B 2.85% 65.76 63.93
6 CIBT HOLDINGS TL 1.80% 87.04 85.50
7 APCOA EUR TL B 1.40% 99.66 98.28
8 APPLE LEISURE TL 1.11% 91.95 90.94
9 CERAMTEC EUR TL B 1.01% 98.87 97.88
10 CONTURA ENERGY INC TL 1.00% 89.33 88.45

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/2/21 – 7/9/21

RANK NAME CHANGE PX PX-1W
1 SINCLAIR BROADCAST GROUP INC. TL B -4.02% 56.94 59.32
2 TALEN ENERGY SUPPLY LLC TL B -3.07% 89.98 92.83
3 KALLE EUR TL B -1.80% 78.62 80.06
4 AMERICAN AIRLINES TL B -1.25% 94.30 95.48
5 HEARTLAND DENTAL TL -1.21% 98.83 100.04
6 TRAVELPORT TL B -1.19% 89.62 90.70
7 ALSTOM SA TL B2 -1.07% 79.94 80.81
8 SERTA SIMMONS TL -0.91% 66.81 67.42
9 ASURION 2ND LIEN TL B3 -0.88% 99.89 100.78
10 CINEWORLD TL B -0.75% 86.87 87.52

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/2/21 – 7/9/21

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

Avg Bid PX by Sector - 7.12.21

Sentiment

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 7/2/21 – 7/9/21

Sentiment - 7.12.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NOBIAN EUR TL B 20 48 28 140%
2 SINCLAIR BROADCAST GROUP INC. TL B1 12 36 24 200%
3 COLISEE PATRIMOINE EUR TL B 18 42 24 133%
4 JO-ANN STORES TL B 18 36 18 100%
5 CHARTER NEX TL B 34 50 16 47%
6 TEN CATE TL B 0 16 16 NA
7 SIVANTOS 2ND LIEN EUR TL 28 40 12 43%
8 CIRCET GROUPE EUR TL B 18 30 12 67%
9 COLE-PARMER TL 32 44 12 38%
10 ACTION NEDERLAND EUR TL B 44 56 12 27%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/2/21 – 7/9/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 22
2 ELSAN GROUPE EXT EUR TL B 19
3 BIOGROUP DD EUR TL B 19
4 VERISURE EUR TL B 18
5 RACKSPACE HOSTING TL B 18
6 SYNLAB EUR TL B5 18
7 CERBA HEALTHCARE EUR TL B 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 7/2/21 – 7/9/21

BO Volume - 7.12.21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 7/2/21 – 7/9/21

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

Sector Bid Offer Spread - 7.12.21

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