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Syndicated Bank Loan Market Summary:
Week Ending 10/15/21

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 10/8/21 – 10/15/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 5,100 CHANGE HEALTHCARE TL B 0.01% 99.91 99.90 12
2 4,700 CAESARS RESORT COLLECTION TL B -0.04% 99.56 99.60 14
3 3,582 MISYS TL B -0.60% 98.29 98.88 15
4 3,338 ASURION TL B6 0.10% 99.75 99.65 10
5 3,325 CINEWORLD TL B -0.86% 83.12 83.84 13
6 3,315 REYNOLDS GROUP HOLDINGS LIMITED TL B -0.13% 99.67 99.80 10
7 3,275 SCIENTIFIC GAMES TL B5 0.01% 99.60 99.59 11
8 2,902 FORMULA ONE TL B -0.01% 99.73 99.73 11
9 2,825 BRAND ENERGY TL 0.07% 99.30 99.23 16
10 2,750 TEAM HEALTH TL -0.51% 94.82 95.31 10
11 2,500 WEST CORP TL B -0.08% 98.46 98.54 13
12 2,355 WIDEOPENWEST TL B 0.05% 100.05 100.00 10
13 2,303 THE NIELSEN COMPANY B.V. TL B4 -0.01% 99.85 99.86 11
14 2,285 ACTION NEDERLAND EUR TL B 0.01% 99.25 99.24 15
15 2,150 NUMERICABLE TL B12 -0.01% 99.03 99.04 10
16 2,100 HUSKY INJECTION MOLDING TL B -0.03% 98.25 98.28 13
17 2,060 INEOS FIN EUR TL B N/A 99.41 99.41 13
18 2,000 SIGMA BIDCO EUR TL B1 -0.13% 96.70 96.83 13
19 2,000 MACDONALD DETTWILER TL B 0.13% 99.35 99.22 10
20 1,990 SOLARWINDS TL -0.05% 98.95 99.00 13
AVERAGE 2,843 -0.10% 98.15 98.25 12.2

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 10/8/21 – 10/15/21

RANK NAME CHANGE PX PX-1M
1 STEINHOFF FIN. HLDG GMBH PIK EUR TL A2 8.91% 84.23 77.35
2 RIVERBED TL B 2.19% 91.91 89.94
3 SECURUS 2ND LIEN TL 1.35% 92.70 91.46
4 TRAVEL LEADERS TL 1.12% 94.45 93.40
5 NATIONAL CINEMEDIA TL B 1.08% 93.40 92.39
6 EIF VAN HOOK HOLDINGS TL B 1.03% 94.27 93.31
7 YAK MAT TL B 0.93% 82.28 81.52
8 VACALIANS EUR TL B 0.79% 96.16 95.40
9 AMNEAL PHARMACEUTIAL TL B 0.77% 99.18 98.43
10 HERITAGE POWER TL B 0.70% 88.55 87.94

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 10/8/21 – 10/15/21

RANK NAME CHANGE PX PX-1M
1 ISAGENIX TL -4.98% 76.89 80.92
2 COMEXPOSIUM SA EUR TL B -4.32% 77.85 81.37
3 ALSTOM SA EUR TL B -4.31% 75.55 78.95
4 SINCLAIR BROADCAST GROUP INC. TL B -4.15% 55.30 57.70
5 COOPER STANDARD TL B -3.58% 92.00 95.41
6 RODAN & FIELDS TL B -2.23% 70.84 72.45
7 LUMILEDS TL B -2.18% 73.87 75.52
8 HARLAND CLARKE TL B -2.10% 90.99 92.94
9 TECOMET TL B -1.40% 97.28 98.67
10 OGF(POMPES FUNEBRES GENERALE) EUR TL B -1.17% 95.25 96.38

Avg Bid PX by Sector

Displays the average loan bid price by sector between 10/8/21 – 10/15/21

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 10/8/21 – 10/15/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 10/8/21 vs. the week ending 10/15/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BIOGROUP EUR TL B 0 30 30 N/A
2 FINTRAX EUR TL B1 0 20 20 N/A
3 VELOCITY TL 0 18 18 N/A
4 DOUGLAS HOLDING EUR TL B3 4 20 16 400%
5 COMDATA SPA EUR TL B 4 18 14 350%
6 EXAMWORKS TL 14 28 14 100%
7 SAVAGE ENTERPRISES TL B 44 56 12 27%
8 NORDIC AVIATION CAPITAL REV 12 24 12 100%
9 PRONOVIAS EUR TL B1 0 12 12 N/A
10 SIGMA BIDCO EUR TL B1 45 56 11 24%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 10/8/21 – 10/15/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 20
2 DAE AVIATION TL 19
3 DOUGLAS HOLDING EUR TL B 18
4 ZIGGO EUR TL H 17
5 IFCO EUR TL B 17
6 BANIJAY GROUP EUR TL B 17
7 LIGHTSTONE GENERATION LLC TL B 17
8 BELLIS ACQUISITION CO PLC EUR TL B 16
9 BMC SOFTWARE TL B 16
10 STARK GROUP EUR TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 10/8/21 – 10/15/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 10/8/21 – 10/15/21

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

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