GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Syndicated Bank Loan Market Summary:
Week Ending 9/24/21

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

Quick Links

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 9/17/21 – 9/24/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -0.55% 88.92 89.42 13
2 5,100 CHANGE HEALTHCARE TL B 0.01% 99.89 99.88 10
3 5,000 QWEST CORPORATION TL B N/A 98.86 98.86 10
4 5,000 UNITED CONTINENTAL TL B -0.12% 100.64 100.76 13
5 4,750 ZAYO TL -0.14% 99.04 99.18 15
6 4,700 CAESARS RESORT COLLECTION TL B -0.03% 99.38 99.42 15
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.06% 99.76 99.82 13
8 3,900 DIRECTV TL -0.08% 100.12 100.19 13
9 3,582 MISYS TL B -0.03% 99.08 99.11 15
10 3,524 TRANSDIGM INC. TL F -0.07% 98.65 98.72 13
11 3,515 LIFEPOINT HOSPITALS TL B -0.03% 99.71 99.75 14
12 3,380 SOLERA TL B -0.06% 100.15 100.22 15
13 3,338 ASURION TL B6 0.03% 99.32 99.29 10
14 3,325 CINEWORLD TL B 0.75% 79.54 78.94 10
15 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B N/A 99.84 99.84 10
16 3,312 HUB INTL LTD TL B -0.09% 99.00 99.08 13
17 3,300 SINCLAIR BROADCAST GROUP INC. TL B -0.89% 61.26 61.81 10
18 3,300 NTL CABLE PLC TL N 0.01% 99.25 99.24 11
19 3,275 SCIENTIFIC GAMES TL B5 N/A 99.27 99.27 11
20 3,100 ASURION TL B8 0.04% 98.33 98.29 10
AVERAGE 3,937 -0.07% 96.00 96.05 12.2

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 9/17/21 – 9/24/21

RANK NAME CHANGE PX PX-1W
1 GLOBAL TELESYSTEMS 2ND LIEN TL 3.60% 91.98 88.79
2 PEABODY ENERGY TL B 3.53% 78.37 75.70
3 LIGHTSTONE GENERATION LLC TL C 3.09% 79.38 77.00
4 SUNSOURCE 2ND LIEN TL 2.81% 97.48 94.82
5 COTY TL B 2.06% 97.93 95.95
6 CARECENTRIX TL B 1.88% 92.94 91.22
7 ANASTASIA BEVERLY HILLS TL B 1.74% 83.97 82.53
8 BELK EXIT SO TL 1.61% 76.93 75.71
9 PREIT ASSOCIATES EXIT 2ND LIEN TL 1.42% 56.91 56.11
10 SECURUS 2ND LIEN TL 1.41% 91.57 90.30

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/17/21 – 9/24/21

RANK NAME CHANGE PX PX-1W
1 GTT COMMUNICATIONS EUR TL B -9.06% 82.06 90.23
2 YAK MAT TL B -5.84% 79.23 84.15
3 SIGMA BIDCO PLN TL B3 -4.29% 92.94 97.11
4 RIVERBED PIK 2ND LIEN TL -4.09% 69.61 72.58
5 ALSTOM SA EUR TL B -3.02% 78.91 81.37
6 JORDAN HEALTH TL -1.58% 88.02 89.43
7 AMEX GBT TL B -1.12% 90.21 91.23
8 MALLINCKRODT TL B -1.07% 95.85 96.88
9 GEO GROUP TL B -1.03% 92.33 93.29
10 TELESAT TL B -0.97% 90.93 91.82

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/17/21 – 9/24/21

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 9/17/21 – 9/24/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 HERENS HOLDCO SARL TL B 6 72 66 1100%
2 ACETOW GMBH EUR TL 26 49 23 88%
3 US TELEPACIFIC TL B 71 92 21 30%
4 COLE HAAN TL B1 18 39 21 117%
5 SOTHEBYS TL B 10 30 20 200%
6 CASINO GUICHARD EUR TL B 25 44 19 76%
7 TELENET EUR TL 51 69 18 35%
8 WINDSTREAM SERVICES LLC TL A4 26 42 16 62%
9 84 LUMBER CO TL 20 36 16 80%
10 UPC HOLDING BV EUR TL 25 40 15 60%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/17/21 – 9/24/21

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

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 9/17/21 – 9/24/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/17/21 – 9/24/21

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

Stay up-to-date with weekly summaries.

Read the latest from our team

Evergrande Bond Prices Falling Since May
Read More >

Reorg and Solve Advisors Announce Integration Partnership
Read More >

See more market insights and news from Solve in our Market Pulse.

SEE MORE