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Syndicated Bank Loan Market Summary:
Week Ending 10/8/21

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 10/1/21 – 10/8/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,450 ENVISION HEALTHCARE TL B -2.83% 84.77 87.23 13
2 5,100 CHANGE HEALTHCARE TL B 0.02% 99.90 99.88 11
3 4,700 CAESARS RESORT COLLECTION TL B 0.22% 99.60 99.38 14
4 3,582 MISYS TL B -0.29% 98.88 99.17 15
5 3,338 ASURION TL B6 0.25% 99.65 99.40 10
6 3,325 CINEWORLD TL B -0.14% 83.84 83.96 11
7 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B 0.05% 99.80 99.75 10
8 3,312 HUB INTL LTD TL B 0.01% 99.01 99.00 13
9 3,275 SCIENTIFIC GAMES TL B5 0.09% 99.59 99.50 11
10 2,902 FORMULA ONE TL B 0.06% 99.73 99.67 10
11 2,825 BRAND ENERGY TL 0.09% 99.23 99.14 16
12 2,500 WEST CORP TL B 0.03% 98.54 98.51 13
13 2,303 THE NIELSEN COMPANY B.V. TL B4 0.02% 99.86 99.84 11
14 2,285 ACTION NEDERLAND EUR TL B -0.06% 99.24 99.29 15
15 2,150 NUMERICABLE TL B12 -0.05% 99.04 99.09 11
16 2,139 HB FULLER TL B 0.04% 100.07 100.03 10
17 2,100 HUSKY INJECTION MOLDING TL B 0.14% 98.28 98.15 13
18 2,060 INEOS FIN EUR TL B -0.07% 99.41 99.48 13
19 2,000 SIGMA BIDCO EUR TL B1 -0.29% 96.83 97.11 12
20 2,000 MACDONALD DETTWILER TL B 0.05% 99.22 99.17 10
AVERAGE 3,033 -0.13% 97.73 97.84 12.1

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 10/1/21 – 10/8/21

RANK NAME CHANGE PX PX-1M
1 ALSTOM SA EUR TL B 6.59% 78.95 74.07
2 PEABODY ENERGY TL B 3.15% 84.05 81.49
3 LIGHTSTONE GENERATION LLC TL B 2.98% 84.67 82.22
4 ULTERRA TL B 2.00% 91.85 90.04
5 SERVICE KING TL B 1.90% 96.88 95.07
6 KUONI REISEN EUR TL B2 1.36% 99.12 97.80
7 EPIC CRUDE TL B 1.29% 76.15 75.17
8 COLE HAAN TL B1 1.28% 87.14 86.04
9 MITCHELL 2ND LIEN TL 1.21% 100.77 99.56
10 EQUINOX HLDGS INC TL B 1.16% 93.60 92.53

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/1/21 – 10/8/21

RANK NAME CHANGE PX PX-1M
1 RIVERBED PIK 2ND LIEN TL -5.78% 66.50 70.58
2 LUMILEDS TL B -4.38% 75.52 78.98
3 ENVISION HEALTHCARE TL B -2.83% 84.77 87.23
4 RSA SECURITY LLC DD 2ND LIEN TL -1.96% 96.45 98.38
5 KLOECKNER EUR TL B -1.86% 97.23 99.07
6 TEAM HEALTH TL -1.53% 95.31 96.79
7 AIR METHODS TL -1.51% 96.71 98.19
8 COMMSCOPE TL B2 -1.15% 98.27 99.42
9 TRAVELPORT TL -1.03% 102.55 103.62
10 HARLAND CLARKE TL B -1.01% 92.94 93.89

Avg Bid PX by Sector

Displays the average loan bid price by sector between 10/1/21 – 10/8/21

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 10/1/21 – 10/8/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 10/1/21 vs. the week ending 10/8/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 UNIMIN CORP EXIT PIK TL 40 72 32 80%
2 CHG HEALTHCARE TL B 66 92 26 39%
3 ION CORPORATES EUR TL B 26 48 22 85%
4 ALSTOM SA TL B2 8 28 20 250%
5 GOLDEN NUGGET INC TL B 83 102 19 23%
6 KODIAK TL B 31 49 18 58%
7 ASURION TL B9 59 77 18 31%
8 SPIRIT AEROSYSTEMS TL B 2 20 18 900%
9 DEDALUS EUR TL B 10 28 18 180%
10 RECORDED BOOKS TL B 32 50 18 56%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 10/1/21 – 10/8/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 19
2 DOUGLAS HOLDING EUR TL B 18
3 IFCO EUR TL B 17
4 ZIGGO EUR TL H 17
5 BANIJAY GROUP EUR TL B 17
6 CERBA HEALTHCARE EUR TL B 17
7 DAE AVIATION TL 17
8 BMC SOFTWARE TL B 16
9 STARK GROUP EUR TL B 16
10 SYNLAB EUR TL B5 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 10/1/21 – 10/8/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 10/1/21 – 10/8/21

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

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