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Syndicated Bank Loan Market Summary:
Week Ending 10/1/21

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 9/24/21 – 10/1/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -1.90% 87.23 88.92 13
2 5,100 CHANGE HEALTHCARE TL B -0.01% 99.88 99.89 10
3 5,000 QWEST CORPORATION TL B 0.01% 98.87 98.86 10
4 5,000 UNITED CONTINENTAL TL B 0.03% 100.66 100.64 13
5 4,750 ZAYO TL 0.04% 99.09 99.04 16
6 4,700 CAESARS RESORT COLLECTION TL B N/A 99.38 99.38 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B 0.15% 99.90 99.76 13
8 4,475 UNIVISION TL C5 N/A 99.88 99.88 10
9 4,197 AKZONOBEL TL B N/A 99.28 99.28 10
10 3,900 DIRECTV TL -0.05% 100.07 100.12 13
11 3,582 MISYS TL B 0.09% 99.17 99.08 15
12 3,524 TRANSDIGM INC. TL F 0.11% 98.76 98.65 13
13 3,515 LIFEPOINT HOSPITALS TL B 0.15% 99.86 99.71 14
14 3,380 SOLERA TL B 0.04% 100.20 100.15 15
15 3,338 ASURION TL B6 0.08% 99.40 99.32 10
16 3,325 CINEWORLD TL B 5.55% 83.96 79.54 11
17 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B -0.09% 99.75 99.84 10
18 3,312 HUB INTL LTD TL B N/A 99.00 99.00 13
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B -5.57% 57.85 61.26 12
20 3,300 NTL CABLE PLC TL N 0.03% 99.28 99.25 11
AVERAGE 4,051   -0.07% 96.07 96.08 12.3

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 9/24/21 – 10/1/21

RANK NAME CHANGE PX PX-1M
1 GULF FINANCE TL B 11.97% 95.80 85.56
2 CINEWORLD TL B 5.55% 83.96 79.54
3 EXELA TL B 5.28% 77.94 74.03
4 PEABODY ENERGY TL B 3.99% 81.49 78.37
5 HURTIGRUTEN GROUP EUR TL B 3.85% 94.49 90.99
6 GOPHER RESOURCE TL 3.74% 94.98 91.55
7 LIGHTSTONE GENERATION LLC TL C 3.72% 82.33 79.38
8 WORLDSTRIDES PIK HOLDCO TL 2.46% 65.18 63.62
9 NATIONAL CINEMEDIA TL B 2.05% 91.18 89.35
10 TRAVELPORT TL B 1.76% 86.00 84.52

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 9/24/21 – 10/1/21

RANK NAME CHANGE PX PX-1M
1 MALLINCKRODT EXT TL B -2.32% 94.49 96.73
2 ENVISION HEALTHCARE TL B -1.90% 87.23 88.92
3 LUMILEDS TL B -1.75% 78.98 80.38
4 RSA SECURITY LLC TL B -1.29% 98.39 99.68
5 TELESAT TL B -1.17% 89.87 90.93
6 AIR METHODS TL -0.77% 98.19 98.96
7 STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 -0.77% 77.97 78.58
8 OGF(POMPES FUNEBRES GENERALE) EUR TL B -0.76% 96.88 97.61
9 POULT EUR TL B -0.70% 96.40 97.08
10 SERVICE KING TL B -0.41% 95.07 95.46

Avg Bid PX by Sector

Displays the average loan bid price by sector between 9/24/21 – 10/1/21

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 9/24/21 – 10/1/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 9/24/21 vs. the week ending 10/1/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 PRETIUM PACKAGING TL B 24 78 54 225%
2 TEMPO ACQUISITION TL B 2 38 36 1800%
3 MATTRESS FIRM TL B 20 52 32 160%
4 HEALTHPORT TL 34 54 20 59%
5 SCIENTIFIC GAMES TL B5 58 78 20 34%
6 PRETIUM PACKAGING 2ND LIEN TL 2 21 19 950%
7 WORLDWIDE EXPRESS TL 62 80 18 29%
8 SOUTHERN VETERINARY PARTNERS TL 20 38 18 90%
9 JANE STREET TL B 36 54 18 50%
10 PLAYTIKA HOLDING CORP TL B 66 84 18 27%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 9/24/21 – 10/1/21

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

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 9/24/21 – 10/1/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 9/24/21 – 10/1/21

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

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