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Syndicated Bank Loan Market Summary:
Week Ending 8/13/21

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 8/6/21 – 8/13/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.59% 86.07 85.57 14
2 5,100 CHANGE HEALTHCARE TL B 0.02% 99.71 99.68 12
3 5,000 QWEST CORPORATION TL B 0.27% 98.55 98.28 10
4 5,000 UNITED CONTINENTAL TL B 0.07% 99.93 99.86 14
5 4,750 ZAYO TL 0.10% 98.42 98.32 14
6 4,700 CAESARS RESORT COLLECTION TL B 0.01% 98.75 98.74 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.19% 99.41 99.22 12
8 4,197 AKZONOBEL TL B 0.07% 98.67 98.60 10
9 3,972 POWER SOLUTIONS TL B -0.11% 98.86 98.97 10
10 3,900 DIRECTV TL -0.07% 99.63 99.70 13
11 3,582 MISYS TL B 0.07% 98.60 98.53 15
12 3,575 STARS GROUP TL B -0.07% 99.58 99.65 10
13 3,524 TRANSDIGM INC. TL F 0.11% 98.13 98.02 14
14 3,515 LIFEPOINT HOSPITALS TL B 0.04% 99.08 99.05 14
15 3,500 AMERICAN AIRLINES TL B 0.13% 102.42 102.28 11
16 3,380 SOLERA TL B 0.13% 99.91 99.78 14
17 3,338 ASURION TL B6 -0.03% 98.73 98.75 11
18 3,325 CINEWORLD TL B -0.12% 78.67 78.77 13
19 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B -0.07% 99.45 99.51 10
20 3,312 HUB INTL LTD TL B 0.08% 98.51 98.43 15
AVERAGE 4,050 0.07% 97.55 97.49 12.5

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 8/6/21 – 8/13/21

RANK NAME CHANGE PX PX-1W
1 STEINHOFF EUROPE TL B2 6.51% 79.97 75.08
2 PREIT ASSOCIATES EXIT 2ND LIEN TL 4.27% 53.70 51.50
3 TELESAT TL B 3.58% 93.02 89.80
4 EXELA TL B 3.56% 73.47 70.95
5 PSC 2ND LIEN TL 3.40% 99.44 96.18
6 ARRAY TECHNOLOGIES TL B 2.13% 98.93 96.86
7 CONTURA ENERGY INC TL 2.09% 95.46 93.51
8 ANASTASIA BEVERLY HILLS TL B 1.72% 79.50 78.16
9 CINEWORLD EUR TL B 1.69% 80.20 78.87
10 EASTERN POWER TL B 1.45% 89.67 88.39

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 8/6/21 – 8/13/21

RANK NAME CHANGE PX PX-1W
1 RODAN & FIELDS TL B -5.02% 74.85 78.80
2 RIEMSER EUR TL B -3.43% 95.49 98.87
3 NATIONAL CINEMEDIA TL B -2.52% 88.59 90.89
4 FEMUR BUYER TL -1.31% 94.49 95.74
5 GULF FINANCE TL -1.23% 81.17 82.18
6 STRATEGIC MATERIALS TL -1.21% 88.08 89.17
7 PGS TL B -0.89% 91.18 92.00
8 VERITAS US INC TL B -0.76% 99.85 100.61
9 ACCURIDE TL B -0.72% 94.81 95.50
10 TRADESMEN TL -0.53% 83.47 83.91

Avg Bid PX by Sector

Displays the average loan bid price by sector between 8/6/21 – 8/13/21

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

Avg Bid PX by Sector

Sentiment

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 8/6/21 – 8/13/21

Market Sentiment - Advancers vs. Decliners

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 8/6/21 vs. the week ending 8/13/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 MACDERMID TL B 22 72 50 227%
2 CHARTER NEX TL B 46 82 36 78%
3 BELRON INTERNATIONAL TL B 8 42 34 425%
4 MITEL NETWORKS TL 61 86 25 41%
5 STAGE ENTERTAINMENT EUR TL B 10 34 24 240%
6 COOLSYS TL B 6 30 24 400%
7 HERA EUR TL B 26 48 22 85%
8 PILOT TRAVEL TL B 29 51 22 76%
9 ETON TL 4 25 21 525%
10 REALPAGE TL B 78 98 20 26%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 8/6/21 – 8/13/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 22
2 SYNLAB EUR TL B5 19
3 ZIGGO EUR TL H 19
4 ELSAN GROUPE EXT EUR TL B 18
5 DORNA SPORTS EUR TL B 18
6 IFCO EUR TL B 18
7 BANIJAY GROUP EUR TL B 18
8 VERISURE EUR TL B 17
9 CALPINE CORP TL B5 17
10 AI SIRONA LUXEMBOURG ACQUISITION SARL EUR TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 8/6/21 – 8/13/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 8/6/21 – 8/13/21

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

Sector Bid Offer Spread

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