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Syndicated Bank Loan Market Summary:
Week Ending 8/20/21

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 8/13/21 – 8/20/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 2.08% 87.87 86.07 15
2 5,100 CHANGE HEALTHCARE TL B -0.08% 99.63 99.71 12
3 5,000 QWEST CORPORATION TL B -0.15% 98.40 98.55 10
4 5,000 UNITED CONTINENTAL TL B 0.00% 99.93 99.93 14
5 4,750 ZAYO TL -0.06% 98.36 98.42 14
6 4,700 CAESARS RESORT COLLECTION TL B 0.04% 98.80 98.75 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.07% 99.47 99.41 13
8 3,972 POWER SOLUTIONS TL B -0.14% 98.72 98.86 10
9 3,900 DIRECTV TL -0.03% 99.60 99.63 13
10 3,582 MISYS TL B -0.02% 98.58 98.60 15
11 3,524 TRANSDIGM INC. TL F -0.05% 98.08 98.13 14
12 3,515 LIFEPOINT HOSPITALS TL B -0.03% 99.05 99.08 14
13 3,500 AMERICAN AIRLINES TL B -0.23% 102.18 102.42 11
14 3,380 SOLERA TL B -0.10% 99.81 99.91 15
15 3,338 ASURION TL B6 -0.02% 98.70 98.73 11
16 3,325 CINEWORLD TL B -1.14% 77.78 78.67 12
17 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B -0.05% 99.40 99.45 10
18 3,312 HUB INTL LTD TL B 0.00% 98.51 98.51 15
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B -1.95% 55.32 56.41 12
20 3,300 NTL CABLE PLC TL N 0.13% 98.67 98.54 11
AVERAGE 3,991 -0.09% 95.34 95.39 12.8

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 8/13/21 – 8/20/21

RANK NAME CHANGE PX PX-1W
1 APPLE LEISURE TL 8.99% 99.58 91.37
2 STRIKE TL B 4.04% 94.86 91.17
3 ENVISION HEALTHCARE PIK  TL B 3.29% 84.25 81.57
4 PRAESIDIAD EUR TL B 2.13% 85.50 83.72
5 VALTRIS SPECIALTY CHEMICALS TL 1.93% 96.44 94.61
6 SECURUS 2ND LIEN TL 1.86% 88.68 87.07
7 LAMAR MEDIA TL B 1.61% 98.77 97.20
8 HARLAND CLARKE TL B7 1.35% 93.79 92.54
9 BUCCANEER 2ND LIEN TL 1.33% 99.74 98.43
10 CPM HOLDINGS TL 0.97% 98.21 97.27

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 8/13/21 – 8/20/21

RANK NAME CHANGE PX PX-1W
1 TALEN ENERGY SUPPLY LLC TL B -8.06% 83.94 91.30
2 YAK MAT TL B -4.87% 86.49 90.91
3 RIVERBED PIK 2ND LIEN TL -3.49% 74.80 77.50
4 PEAK 10 2ND LIEN TL -2.33% 88.03 90.13
5 RODAN & FIELDS TL B -2.23% 73.18 74.85
6 ANCHOR GLASS TL B -1.96% 91.45 93.28
7 ALSTOM SA EUR TL B -1.47% 82.24 83.47
8 NATIONAL CINEMEDIA TL B -1.45% 87.31 88.59
9 KIK CUSTOM TL B -1.34% 96.80 98.12
10 TRAVELPORT TL B -1.26% 82.48 83.53

Avg Bid PX by Sector

Displays the average loan bid price by sector between 8/13/21 – 8/20/21

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 8/13/21 – 8/20/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 8/13/21 vs. the week ending 8/20/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 EVERI PAYMENTS INC TL B 10 56 46 460%
2 HILLMAN GROUP TL B2 2 39 37 1850%
3 MCGRAW-HILL GLOBAL TL B 36 72 36 100%
4 ESSENTIAL POWER TL B 46 78 32 70%
5 AHEAD TL B 52 83 31 60%
6 PANDA HUMMEL TL B1 8 38 30 375%
7 NASCAR TL B 80 108 28 35%
8 WESTINGHOUSE TL B 58 86 28 48%
9 CHANNELVIEW TL B 34 62 28 82%
10 LONESTAR II GENERATION HOLDINGS TL B 23 50 27 117%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 8/13/21 – 8/20/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 22
2 SYNLAB EUR TL B5 19
3 ZIGGO EUR TL H 19
4 CHEPLAPHARM ARZNEIMITTEL EUR TL B4 18
5 IFCO EUR TL B 18
6 ELSAN GROUPE EXT EUR TL B 18
7 ALPHA BIDCO EUR TL B 18
8 BANIJAY GROUP EUR TL B 18
9 DAE AVIATION TL 18
10 VERISURE EUR TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 8/13/21 – 8/20/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 8/13/21 – 8/20/21

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

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