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Syndicated Bank Loan Market Summary:
Week Ending 9/10/21

Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.

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Largest Loans
Top 20 Winners
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 9/3/21 – 9/10/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 0.89% 88.15 87.37 15
2 5,100 CHANGE HEALTHCARE TL B 0.02% 99.90 99.88 11
3 5,000 QWEST CORPORATION TL B 0.01% 98.87 98.86 10
4 5,000 UNITED CONTINENTAL TL B 0.21% 100.51 100.30 14
5 4,750 ZAYO TL 0.11% 99.04 98.93 15
6 4,700 CAESARS RESORT COLLECTION TL B 0.15% 99.34 99.19 15
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.10% 99.73 99.62 13
8 3,900 DIRECTV TL 0.06% 100.23 100.17 12
9 3,582 MISYS TL B 0.18% 99.05 98.87 15
10 3,524 TRANSDIGM INC. TL F 0.40% 98.70 98.31 13
11 3,515 LIFEPOINT HOSPITALS TL B 0.19% 99.64 99.46 14
12 3,380 SOLERA TL B 0.10% 100.11 100.01 15
13 3,338 ASURION TL B6 0.10% 99.21 99.12 11
14 3,325 CINEWORLD TL B 0.70% 77.72 77.18 11
15 3,312 HUB INTL LTD TL B 0.08% 99.01 98.93 14
16 3,300 NTL CABLE PLC TL N 0.07% 99.14 99.07 11
17 3,300 SINCLAIR BROADCAST GROUP INC. TL B -1.52% 62.81 63.78 10
18 3,275 SCIENTIFIC GAMES TL B5 0.05% 99.21 99.16 13
19 3,165 MULTIPLAN TL B N/A 99.24 99.23 12
20 3,100 JAZZ PHARMA TL B 0.21% 100.27 100.05 11
AVERAGE 3,929   0.11% 95.99 95.87 12.8

Top 20 Winners

Showcases the top 20 loan “winners” based on the largest bid price increases between 9/3/21 – 9/10/21

RANK NAME CHANGE PX PX-1W
1 FOGO DE CHAO TL 2.44% 98.05 95.72
2 UNIFRAX EUR TL B 2.09% 98.17 96.16
3 PLANET FITNESS TL B 1.89% 97.51 95.69
4 LIMETREE BAY TL B 1.80% 83.22 81.75
5 SERTA SIMMONS TL 1.72% 68.97 67.80
6 POLYCONCEPT TL B 1.32% 99.21 97.92
7 LIGHTSTONE GENERATION LLC TL C 1.21% 74.75 73.86
8 PEABODY ENERGY TL B 1.20% 75.31 74.42
9 CONVERGEONE 2ND LIEN TL 1.14% 95.99 94.91
10 ANASTASIA BEVERLY HILLS TL B 1.11% 81.95 81.05
11 ENDO HEALTH TL B 0.99% 97.48 96.53
12 GENUINE FINANCIAL TL 0.93% 98.96 98.05
13 AUDIO VISUAL TL B2 0.91% 90.39 89.58
14 HALO BUYER TL 0.90% 93.26 92.43
15 PLAYA RESORTS TL B 0.80% 97.10 96.33
16 CONTURA ENERGY INC TL 0.77% 96.77 96.03
17 USS PARENT 2ND LIEN TL 0.72% 99.94 99.22
18 AMF BOWLMOR TL B 0.67% 99.22 98.55
19 WOODFORD EXPRESS TL B 0.64% 98.10 97.48
20 CARIBE EUR TL B 0.64% 96.11 95.50

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/3/21 – 9/10/21

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 9/3/21 – 9/10/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 9/3/21 vs. the week ending 9/10/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ASSUREDPARTNERS TL B 14 40 26 186%
2 BELRON INTERNATIONAL EUR TL B 4 30 26 650%
3 MASMOVIL IBERCOM SA EUR TL B1 37 63 26 70%
4 STAPLES TL B2 32 53 21 66%
5 MOTOR FUEL GBP TL B1 26 46 20 77%
6 ACTION NEDERLAND EUR TL B 36 56 20 56%
7 OXEA EUR TL B1 12 31 19 158%
8 SYNLAB EUR TL B4 32 51 19 59%
9 WEBHELP EUR TL B 6 25 19 317%
10 US RENAL CARE TL 24 42 18 75%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/3/21 – 9/10/21

RANK TRANCHE DEALERS
1 SYNLAB EUR TL B5 19
2 LUMILEDS TL B 19
3 TMF GROUP HOLDING BV EUR TL B 19
4 VERISURE EUR TL B 18
5 ELSAN GROUPE EXT EUR TL B 18
6 CERBA HEALTHCARE EUR TL B 18
7 IFCO EUR TL B 18
8 ZIGGO EUR TL H 18
9 CHEPLAPHARM ARZNEIMITTEL EUR TL B4 18
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 9/3/21 – 9/10/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/3/21 – 9/10/21

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

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