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Syndicated Bank Loan Market Summary:
Week Ending 7/30/21

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 7/23/21 – 7/30/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.65% 85.34 84.79 13
2 5,100 CHANGE HEALTHCARE TL B -0.11% 99.74 99.85 13
3 5,000 QWEST CORPORATION TL B -0.18% 98.27 98.45 10
4 5,000 UNITED CONTINENTAL TL B -0.38% 100.06 100.44 13
5 4,750 ZAYO TL -0.32% 98.32 98.63 14
6 4,700 CAESARS RESORT COLLECTION TL B -0.21% 98.75 98.96 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.19% 99.27 99.46 12
8 4,197 AKZONOBEL TL B -0.02% 98.75 98.77 10
9 3,900 DIRECTV TL -0.52% 99.75 100.28 12
10 3,582 MISYS TL B -0.05% 98.27 98.32 14
11 3,575 STARS GROUP TL B -0.55% 99.24 99.78 14
12 3,524 TRANSDIGM INC. TL F -0.26% 98.17 98.43 14
13 3,515 LIFEPOINT HOSPITALS TL B -0.51% 99.08 99.59 14
14 3,500 AMERICAN AIRLINES TL B -0.98% 102.61 103.62 12
15 3,380 SOLERA TL B -0.16% 99.83 99.99 14
16 3,325 CINEWORLD TL B -0.46% 81.13 81.51 11
17 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B -0.15% 99.57 99.72 10
18 3,312 HUB INTL LTD TL B -0.16% 98.42 98.58 15
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B -0.88% 54.54 55.02 11
20 3,300 NTL CABLE PLC TL N -0.29% 98.43 98.72 12
AVERAGE 4,014 -0.29% 95.38 95.65 12.6

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 7/23/21 – 7/30/21

RANK NAME CHANGE PX PX-1W
1 REVLON TL B 14.09% 56.80 49.79
2 WESTERN DENTAL TL B 4.35% 99.46 95.32
3 AUGUSTA SPORTSWEAR TL 3.28% 98.04 94.92
4 PEABODY ENERGY TL B 3.26% 72.88 70.58
5 INMAR 2ND LIEN TL 1.42% 98.37 97.00
6 IMAGINA MEDIA AUDIOVISUAL SL EUR TL A2 1.04% 95.47 94.48
7 CONTURA ENERGY INC TL 1.01% 91.96 91.05
8 EUROPCAR GROUPE S.A. EUR TL 0.89% 99.51 98.63
9 NEP 2ND LIEN TL 0.87% 94.50 93.69
10 COLORADO BUYER TL 0.86% 97.89 97.05

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/23/21 – 7/30/21

RANK NAME CHANGE PX PX-1W
1 EXELA TL B -3.69% 70.97 73.69
2 LIMETREE BAY TL B -3.34% 73.33 75.87
3 ATI PHYSICAL THERAPY TL B -2.81% 96.82 99.62
4 TELESAT TL B -2.47% 90.98 93.28
5 AMERICAN AIRLINES TL B -2.44% 92.91 95.24
6 AUDIO VISUAL 2ND LIEN TL -1.91% 76.88 78.37
7 TRAVELPORT TL B -1.55% 84.85 86.18
8 STADIUM MANAGEMENT TL -1.55% 93.22 94.68
9 ESSENTIAL POWER TL B -1.19% 92.78 93.90
10 TRAVEL LEADERS TL -1.11% 93.01 94.05

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/23/21 – 7/30/21

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 7/23/21 – 7/30/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 7/23/21 vs. the week ending 7/30/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BMC SOFTWARE EUR TL B 28 56 28 100%
2 ATLANTIC AVIATION TL 26 50 24 92%
3 GVC HOLDINGS TL B 28 52 24 86%
4 SKYSCRAPER PERFORMANCE EUR TL B 34 56 22 65%
5 UPC HOLDING BV EUR TL 22 44 22 100%
6 SKYSCRAPER PERFORMANCE TL B 22 42 20 91%
7 NTL CABLE PLC EUR TL R 52 70 18 35%
8 PHILIPS APPLIANCES EUR TL B 34 52 18 53%
9 ZAYO EUR TL 22 40 18 82%
10 EURO ETHNIC FOODS EUR TL B 6 24 18 300%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/23/21 – 7/30/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 22
2 ELSAN GROUPE EXT EUR TL B 19
3 SYNLAB EUR TL B5 19
4 BIOGROUP DD EUR TL B 19
5 VERISURE EUR TL B 18
6 AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B 18
7 DORNA SPORTS EUR TL B 18
8 CERBA HEALTHCARE EUR TL B 18
9 CEVA SANTE ANIMALE EUR TL B 18
10 WEBHELP EUR TL B 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/23/21 – 7/30/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 7/23/21 – 7/30/21

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

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