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Syndicated Bank Loan Market Summary:
Week Ending 9/17/21

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 9/10/21 – 9/17/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B 1.44% 89.42 88.15 13
2 5,100 CHANGE HEALTHCARE TL B -0.01% 99.88 99.90 10
3 5,000 QWEST CORPORATION TL B -0.01% 98.86 98.87 10
4 5,000 UNITED CONTINENTAL TL B 0.24% 100.76 100.51 13
5 4,750 ZAYO TL 0.14% 99.18 99.04 15
6 4,700 CAESARS RESORT COLLECTION TL B 0.08% 99.42 99.34 15
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.09% 99.82 99.73 13
8 3,900 DIRECTV TL -0.04% 100.19 100.23 12
9 3,582 MISYS TL B 0.06% 99.11 99.05 15
10 3,524 TRANSDIGM INC. TL F 0.01% 98.72 98.70 13
11 3,515 LIFEPOINT HOSPITALS TL B 0.10% 99.75 99.64 14
12 3,380 SOLERA TL B 0.11% 100.22 100.11 15
13 3,338 ASURION TL B6 0.07% 99.29 99.21 10
14 3,325 CINEWORLD TL B 1.57% 78.94 77.72 10
15 3,312 HUB INTL LTD TL B 0.07% 99.08 99.01 13
16 3,300 NTL CABLE PLC TL N 0.11% 99.24 99.14 11
17 3,300 SINCLAIR BROADCAST GROUP INC. TL B -1.59% 61.81 62.81 10
18 3,275 SCIENTIFIC GAMES TL B5 0.06% 99.27 99.21 11
19 3,100 JAZZ PHARMA TL B 0.00% 100.26 100.27 11
20 3,100 ASURION TL B8 0.13% 98.29 98.16 10
AVERAGE 3,926 0.13% 96.08 95.94 12.2

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 9/10/21 – 9/17/21

RANK NAME CHANGE PX PX-1W
1 ASK CHEMICALS EUR TL 5.59% 95.00 89.97
2 TRANSCENDIA TL B 4.20% 88.12 84.57
3 GENUINE FINANCIAL 2ND LIEN TL 3.53% 95.51 92.25
4 KUONI REISEN GBP TL B 3.44% 98.21 94.94
5 LIGHTSTONE GENERATION LLC TL B 3.35% 77.35 74.84
6 AUDIO VISUAL TL B1 3.35% 89.92 87.01
7 NEUSTAR 2ND LIEN TL B 2.81% 99.78 97.06
8 PEAK 10 2ND LIEN TL 2.79% 91.29 88.81
9 KUONI REISEN EUR TL B 2.69% 98.37 95.80
10 GLOBAL TELESYSTEMS 2ND LIEN TL 2.59% 88.79 86.55

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/10/21 – 9/17/21

RANK NAME CHANGE PX PX-1W
1 SINCLAIR BROADCAST GROUP INC. TL B -1.59% 61.81 62.81
2 RIVERBED PIK 2ND LIEN TL -1.58% 72.58 73.75
3 JO-ANN STORES TL B -1.58% 96.69 98.24
4 SERVICE KING TL B -1.39% 94.64 95.98
5 HOLLAND & BARRETT EUR TL B -1.19% 95.57 96.72
6 JORDAN HEALTH TL -1.14% 89.43 90.46
7 CAREERBUILDER TL -1.10% 92.27 93.30
8 BCPE MAX DUTCH BIDCO EUR TL B -0.92% 98.31 99.22
9 HARLAND CLARKE TL B7 -0.82% 93.95 94.72
10 COOPER STANDARD TL B -0.68% 95.73 96.39

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/10/21 – 9/17/21

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 9/10/21 – 9/17/21

Market Sentiment - Advancers vs. Decliners

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ASSUREDPARTNERS TL B 40 90 50 125%
2 COX ENTERPRISES, INC. TL B 65 104 39 60%
3 TRANSDIGM INC. TL G 72 110 38 53%
4 ALLIANT HLDGS I INC TL B2 72 110 38 53%
5 CLEAR CHANNEL OUTDOOR TL B 58 95 37 64%
6 STATION CASINO TL B 62 98 36 58%
7 UPC HOLDING BV TL 53 89 36 68%
8 CALPINE CORP TL B9 74 110 36 49%
9 ULTIMATE SOFTWARE TL 65 100 35 54%
10 POLYONE TL B 38 72 34 89%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/10/21 – 9/17/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 19
2 VERISURE EUR TL B 18
3 SYNLAB EUR TL B5 18
4 ZIGGO EUR TL H 18
5 IFCO EUR TL B 18
6 TMF GROUP HOLDING BV EUR TL B 18
7 ELSAN GROUPE EXT EUR TL B 17
8 CERBA HEALTHCARE EUR TL B 17
9 BRAND ENERGY TL 17
10 CHEPLAPHARM ARZNEIMITTEL EUR TL B4 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 9/10/21 – 9/17/21

Loan BO Volume

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/10/21 – 9/17/21

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

Sector Bid Offer Spread

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