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Syndicated Bank Loan Market Summary:
Week Ending 9/3/21

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 8/27/21 – 9/3/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.46% 87.37 87.78 15
2 5,100 CHANGE HEALTHCARE TL B 0.13% 99.88 99.75 11
3 5,000 QWEST CORPORATION TL B 0.21% 98.86 98.65 10
4 5,000 UNITED CONTINENTAL TL B 0.16% 100.30 100.14 14
5 4,750 ZAYO TL 0.44% 98.93 98.50 15
6 4,700 CAESARS RESORT COLLECTION TL B 0.08% 99.19 99.10 15
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.02% 99.62 99.61 13
8 3,972 POWER SOLUTIONS TL B -0.03% 98.80 98.84 10
9 3,900 DIRECTV TL 0.23% 100.17 99.94 12
10 3,582 MISYS TL B 0.13% 98.87 98.74 15
11 3,524 TRANSDIGM INC. TL F -0.09% 98.31 98.40 13
12 3,515 LIFEPOINT HOSPITALS TL B 0.27% 99.46 99.19 14
13 3,380 SOLERA TL B 0.08% 100.01 99.93 15
14 3,338 ASURION TL B6 0.26% 99.12 98.86 11
15 3,325 CINEWORLD TL B -0.58% 77.18 77.63 11
16 3,312 HUB INTL LTD TL B 0.09% 98.93 98.84 15
17 3,300 SINCLAIR BROADCAST GROUP INC. TL B 8.39% 63.78 58.84 11
18 3,300 NTL CABLE PLC TL N 0.15% 99.07 98.92 11
19 3,275 SCIENTIFIC GAMES TL B5 0.10% 99.16 99.06 13
20 3,165 MULTIPLAN TL B -0.39% 99.23 99.62 13
AVERAGE 3,973 0.46% 95.81 95.52 12.9

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 8/27/21 – 9/3/21

RANK NAME CHANGE PX PX-1W
1 GTT COMMUNICATIONS TL B 11.65% 87.61 78.47
2 SINCLAIR BROADCAST GROUP INC. TL B 8.39% 63.78 58.84
3 SERVICE KING TL B 2.60% 96.06 93.62
4 EXELA TL B 2.37% 74.80 73.07
5 ANASTASIA BEVERLY HILLS TL B 1.63% 81.05 79.74
6 AREAS EUR TL B1 1.63% 89.03 87.60
7 ELECTRONICS FOR IMAGING 2ND LIEN TL 1.61% 83.86 82.53
8 AMERICAN AIRLINES TL B 1.48% 94.07 92.70
9 AUDIO VISUAL 2ND LIEN TL 1.47% 74.94 73.85
10 LUMILEDS TL B 1.27% 80.31 79.30

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 8/27/21 – 9/3/21

RANK NAME CHANGE PX PX-1W
1 CINEWORLD EUR TL B -3.04% 78.85 81.32
2 VUE INTERNATIONAL BIDCO PLC EUR TL B -2.12% 90.50 92.46
3 GOODPACK 2ND LIEN TL B1 -1.83% 95.57 97.35
4 BROWN JORDAN INTERNATIONAL TL B -1.30% 92.33 93.55
5 US TELEPACIFIC TL B -0.99% 89.07 89.96
6 ENDO HEALTH TL B -0.93% 96.53 97.43
7 CLARION EVENTS GBP TL -0.80% 93.18 93.93
8 CORRECT CARE TL B -0.62% 97.54 98.15
9 NUMERICABLE EUR TL B12 -0.43% 98.07 98.50
10 PROOFPOINT 2ND LIEN TL -0.42% 101.08 101.51

Avg Bid PX by Sector

Displays the average loan bid price by sector between 8/27/21 – 9/3/21

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 8/27/21 – 9/3/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 8/27/21 vs. the week ending 9/3/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 EPICOR SOFTWARE 2ND LIEN TL 30 57 27 90%
2 COLORADO BUYER TL 25 49 24 96%
3 TEMPO ACQUISITION TL B 34 58 24 71%
4 REALPAGE TL B 82 105 23 28%
5 KNOWLTON PACKAGING INC TL 24 46 22 92%
6 INFORMATICA 2ND LIEN TL 18 39 21 117%
7 APPLIED SYSTEMS 2ND LIEN TL 36 57 21 58%
8 ROCKET SOFTWARE TL 75 96 21 28%
9 ULTIMATE SOFTWARE 2ND LIEN TL 20 41 21 105%
10 UFC TL B 76 96 20 26%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 8/27/21 – 9/3/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 19
2 ELSAN GROUPE EXT EUR TL B 18
3 SYNLAB EUR TL B5 18
4 CHEPLAPHARM ARZNEIMITTEL EUR TL B4 18
5 VERISURE EUR TL B 18
6 RACKSPACE HOSTING TL B 17
7 MITEL NETWORKS TL 17
8 CEVA SANTE ANIMALE EUR TL B 17
9 ZIGGO EUR TL H 17
10 IFCO EUR TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 8/27/21 – 9/3/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 8/27/21 – 9/3/21

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

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