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Syndicated Bank Loan Market Summary:
Week Ending 8/6/21

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 7/30/21 – 8/6/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.28% 85.57 85.34 13
2 5,100 CHANGE HEALTHCARE TL B -0.05% 99.68 99.74 13
3 5,000 QWEST CORPORATION TL B 0.01% 98.28 98.27 10
4 5,000 UNITED CONTINENTAL TL B -0.20% 99.86 100.06 14
5 4,750 ZAYO TL 0.00% 98.32 98.32 15
6 4,700 CAESARS RESORT COLLECTION TL B -0.01% 98.74 98.75 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.05% 99.22 99.27 12
8 4,197 AKZONOBEL TL B -0.15% 98.60 98.75 10
9 3,900 DIRECTV TL -0.05% 99.70 99.75 13
10 3,582 MISYS TL B 0.27% 98.53 98.27 14
11 3,575 STARS GROUP TL B 0.41% 99.65 99.24 13
12 3,524 TRANSDIGM INC. TL F -0.15% 98.02 98.17 14
13 3,515 LIFEPOINT HOSPITALS TL B -0.03% 99.05 99.08 14
14 3,500 AMERICAN AIRLINES TL B -0.31% 102.28 102.61 12
15 3,380 SOLERA TL B -0.05% 99.78 99.83 14
16 3,338 ASURION TL B6 -0.05% 98.75 98.81 11
17 3,325 CINEWORLD TL B -2.92% 78.77 81.13 13
18 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B -0.06% 99.51 99.57 10
19 3,312 HUB INTL LTD TL B 0.01% 98.43 98.42 15
20 3,300 SINCLAIR BROADCAST GROUP INC. TL B 1.18% 55.19 54.54 12
AVERAGE 4,016 -0.10% 95.30 95.40 12.8

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 7/30/21 – 8/6/21

RANK NAME CHANGE PX PX-1W
1 PREIT ASSOCIATES EXIT 2ND LIEN TL 16.62% 51.50 44.16
2 LIMETREE BAY TL B 11.56% 81.81 73.33
3 STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 5.63% 75.68 71.64
4 ALLIANCE HEALTH PIK 2ND LIEN TL 1.94% 88.65 86.96
5 NINE WEST GROUP INC EXIT TL 1.77% 71.00 69.77
6 CONTURA ENERGY INC TL 1.68% 93.51 91.96
7 ORAVEL TL B 1.49% 103.38 101.87
8 COMDATA SPA EUR TL B 1.26% 66.61 65.78
9 LIFEMILES TL B 1.16% 99.55 98.41
10 PRO MACH TL B 1.15% 99.54 98.40

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 7/30/21 – 8/6/21

RANK NAME CHANGE PX PX-1W
1 SAMARCO MINERACAO TL -5.93% 63.38 67.37
2 AT&T COLOCATION TL -3.23% 81.20 83.91
3 AUDIO VISUAL TL B1 -3.09% 86.63 89.39
4 CINEWORLD TL B -2.92% 78.77 81.13
5 EQUINOX HLDGS INC 2ND LIEN TL -2.56% 84.34 86.56
6 NSO GROUP TL -2.03% 86.00 87.78
7 AMC ENTERTAINMENT TL B1 -1.87% 87.10 88.76
8 TRAVELPORT TL B -1.74% 83.38 84.85
9 NBG HOME TL -1.58% 88.39 89.80
10 AUDIO VISUAL 2ND LIEN TL -1.47% 75.75 76.88

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/30/21 – 8/6/21

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 7/30/21 – 8/6/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 7/30/21 vs. the week ending 8/6/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 GRIFOLS WORLDWIDE EUR TL B 18 50 32 178%
2 GVC HOLDINGS EUR TL B3 38 68 30 79%
3 HOTELBEDS EUR REV 6 36 30 500%
4 ALPHA GROUP EUR TL 10 40 30 300%
5 AMC ENTERTAINMENT PIK EUR TL B2 0 30 30 N/A
6 AMC ENTERTAINMENT PIK GBP TL B1 0 30 30 N/A
7 AREAS TL B2 0 30 30 N/A
8 ARMACELL EUR TL B 22 52 30 136%
9 PARQUES REUNIDOS SA EUR REV 0 30 30 N/A
10 SIGNATURE FOODS EUR TL B 0 30 30 N/A

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/30/21 – 8/6/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 22
2 ELSAN GROUPE EXT EUR TL B 18
3 SYNLAB EUR TL B5 18
4 CINEWORLD TL B 18
5 VERISURE EUR TL B 17
6 AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B 17
7 DORNA SPORTS EUR TL B 17
8 CERBA HEALTHCARE EUR TL B 17
9 TMF GROUP HOLDING BV EUR TL B 17
10 HOTELBEDS EUR TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/30/21 – 8/6/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 7/30/21 – 8/6/21

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

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