Syndicated Bank Loans
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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.
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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