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Syndicated Bank Loan Market Summary:
Week Ending 8/27/21

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 8/20/21 – 8/27/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.10% 87.78 87.87 15
2 5,100 CHANGE HEALTHCARE TL B 0.13% 99.75 99.63 12
3 5,000 QWEST CORPORATION TL B 0.25% 98.65 98.40 10
4 5,000 UNITED CONTINENTAL TL B 0.21% 100.14 99.93 14
5 4,750 ZAYO TL 0.14% 98.50 98.36 15
6 4,700 CAESARS RESORT COLLECTION TL B 0.31% 99.10 98.80 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.14% 99.61 99.47 13
8 3,972 POWER SOLUTIONS TL B 0.12% 98.84 98.72 10
9 3,900 DIRECTV TL 0.34% 99.94 99.60 12
10 3,582 MISYS TL B 0.16% 98.74 98.58 15
11 3,524 TRANSDIGM INC. TL F 0.33% 98.40 98.08 13
12 3,515 LIFEPOINT HOSPITALS TL B 0.14% 99.19 99.05 13
13 3,380 SOLERA TL B 0.12% 99.93 99.81 15
14 3,338 ASURION TL B6 0.16% 98.86 98.70 11
15 3,325 CINEWORLD TL B -0.20% 77.63 77.78 12
16 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B N/A 99.40 99.40 10
17 3,312 HUB INTL LTD TL B 0.34% 98.84 98.51 15
18 3,300 NTL CABLE PLC TL N 0.26% 98.92 98.67 11
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B 6.38% 58.84 55.32 12
20 3,275 SCIENTIFIC GAMES TL B5 0.30% 99.06 98.77 12
AVERAGE 3,980   0.48% 95.51 95.17 12.7

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 8/20/21 – 8/27/21

RANK NAME CHANGE PX PX-1W
1 JILL TL B 20.46% 83.85 69.61
2 PREIT ASSOCIATES EXIT 2ND LIEN TL 8.52% 56.88 52.41
3 SINCLAIR BROADCAST GROUP INC. TL B 6.38% 58.84 55.32
4 HORNBLOWER PIK TL B 3.25% 95.00 92.01
5 AMC ENTERTAINMENT TL B1 2.17% 88.38 86.50
6 GULF FINANCE TL 2.02% 83.82 82.16
7 PEABODY ENERGY TL B 1.85% 72.75 71.43
8 SECURUS 2ND LIEN TL 1.37% 89.90 88.68
9 ACETOW GMBH EUR TL 1.23% 92.00 90.88
10 AMERICAN AIRLINES TL B 1.22% 92.96 91.84

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 8/20/21 – 8/27/21

RANK NAME CHANGE PX PX-1W
1 PREMIERE GLOBAL TL -5.58% 37.12 39.31
2 NBG HOME TL -4.02% 85.83 89.43
3 GREEN ENERGY PARTNERS/ST TL B2 -3.23% 89.75 92.75
4 JORDAN HEALTH TL -2.01% 89.61 91.45
5 AUDIO VISUAL TL B1 -1.96% 86.15 87.87
6 GTT COMMUNICATIONS EUR TL B -1.71% 80.36 81.76
7 AREAS EUR TL B1 -1.37% 87.60 88.81
8 YAK MAT TL B -0.99% 85.63 86.49
9 STAPLES TL B1 -0.97% 94.39 95.32
10 PANDA HUMMEL DD TL B2 -0.80% 93.50 94.25

Avg Bid PX by Sector

Displays the average loan bid price by sector between 8/20/21 – 8/27/21

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 8/20/21 – 8/27/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 8/20/21 vs. the week ending 8/27/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 PARQUES REUNIDOS SA EUR REV 0 24 24 N/A
2 HOTELBEDS EUR REV 10 32 22 220%
3 BAY CLUB TL B 25 46 21 84%
4 FITNESS & SPORT CLUBS TL B 30 50 20 67%
5 MILLER’S ALE HOUSE TL B 8 28 20 250%
6 VISUAL COMFORT 2ND LIEN TL 16 36 20 125%
7 GTT COMMUNICATIONS EUR TL B 18 37 19 106%
8 BEAVST EUR TL B 19 38 19 100%
9 ALTER DOMUS EUR TL B 30 48 18 60%
10 COLOUR BIDCO GBP TL 0 18 18 N/A

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 8/20/21 – 8/27/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 21
2 SYNLAB EUR TL B5 19
3 ZIGGO EUR TL H 19
4 ELSAN GROUPE EXT EUR TL B 18
5 IFCO EUR TL B 18
6 CHEPLAPHARM ARZNEIMITTEL EUR TL B4 18
7 ALPHA BIDCO EUR TL B 18
8 VERISURE EUR TL B 17
9 RACKSPACE HOSTING TL B 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 8/20/21 – 8/27/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 8/20/21 – 8/27/21

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

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