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Syndicated Bank Loan Market Summary:
Week Ending 7/16/21

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 7/9/21 – 7/16/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.03% 85.25 85.23 13
2 5,100 CHANGE HEALTHCARE TL B 0.04% 99.91 99.88 14
3 5,000 QWEST CORPORATION TL B 0.18% 98.53 98.36 10
4 5,000 UNITED CONTINENTAL TL B 0.04% 101.27 101.23 13
5 4,750 ZAYO TL -0.15% 98.63 98.79 16
6 4,700 CAESARS RESORT COLLECTION TL B 0.05% 99.15 99.10 13
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.04% 99.59 99.55 13
8 3,582 MISYS TL B 0.39% 98.75 98.37 14
9 3,575 STARS GROUP TL B -0.02% 100.01 100.03 16
10 3,524 TRANSDIGM INC. TL F 0.07% 98.53 98.46 14
11 3,515 LIFEPOINT HOSPITALS TL B 0.01% 99.74 99.74 13
12 3,500 AMERICAN AIRLINES TL B 0.32% 104.30 103.97 11
13 3,380 SOLERA TL B -0.11% 100.08 100.18 14
14 3,338 ASURION TL B6 -0.18% 99.25 99.43 10
15 3,325 CINEWORLD TL B -5.51% 82.08 86.87 12
16 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B 0.03% 99.84 99.82 10
17 3,312 HUB INTL LTD TL B -0.03% 98.77 98.80 16
18 3,300 SINCLAIR BROADCAST GROUP INC. TL B -2.57% 55.47 56.94 12
19 3,300 NTL CABLE PLC TL N -0.02% 98.95 98.96 13
20 3,275 SCIENTIFIC GAMES TL B5 -0.03% 99.18 99.20 12
AVERAGE 3,940 -0.37% 95.86 96.15 13.0

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 7/9/21 – 7/16/21

RANK NAME CHANGE PX PX-1W
1 PEABODY ENERGY TL B 6.67% 70.49 66.08
2 EXELA TL B 5.57% 78.15 74.03
3 FIELDWOOD ENERGY TL 4.07% 53.15 51.07
4 LIMETREE BAY TL B 3.97% 75.95 73.05
5 DAYCO TL B 2.48% 97.11 94.76
6 CONTURA ENERGY INC TL 2.40% 91.48 89.33
7 PREIT ASSOCIATES EXIT 2ND LIEN TL 1.66% 43.95 43.23
8 UNITED ROAD SERVICES TL 1.20% 89.48 88.43
9 ENDO HEALTH TL B 1.14% 96.84 95.74
10 LONESTAR II GENERATION HOLDINGS TL B 1.05% 99.38 98.35

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/9/21 – 7/16/21

RANK NAME CHANGE PX PX-1W
1 PREMIERE GLOBAL TL -8.28% 39.39 42.94
2 CINEWORLD TL B -5.51% 82.08 86.87
3 AMC ENTERTAINMENT TL B1 -3.81% 89.84 93.39
4 NATIONAL CINEMEDIA TL B -3.36% 91.48 94.66
5 SINCLAIR BROADCAST GROUP INC. TL B -2.57% 55.47 56.94
6 STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 -2.05% 73.28 74.82
7 EQUINOX HLDGS INC TL B -1.79% 93.79 95.51
8 TRAVELPORT TL B -1.71% 88.09 89.62
9 STADIUM MANAGEMENT TL B -1.17% 95.25 96.38
10 LUMILEDS TL B -1.15% 82.75 83.72

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/9/21 – 7/16/21

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 7/9/21 – 7/16/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 7/9/21 vs. the week ending 7/16/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 WEST CORP TL B 36 78 42 117%
2 GOLDEN NUGGET INC TL B 61 102 41 67%
3 WEST CORP TL B1 34 74 40 118%
4 EXGEN RENEWABLES I TL B 24 62 38 158%
5 BURLINGTON COAT FACTORY TL B 18 56 38 211%
6 HUB INTL LTD TL B2 92 128 36 39%
7 UNIVISION TL B 34 70 36 106%
8 US FOODS TL B 64 100 36 56%
9 HUSKY INJECTION MOLDING TL B 73 108 35 48%
10 JO-ANN STORES TL B 36 70 34 94%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/9/21 – 7/16/21

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 SYNLAB EUR TL B5 18
6 CERBA HEALTHCARE EUR TL B 18
7 CEVA SANTE ANIMALE EUR TL B 18
8 ZIGGO EUR TL H 18
9 TECHEM EUR TL B4 18
10 RACKSPACE HOSTING TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/9/21 – 7/16/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 7/9/21 – 7/16/21

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

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