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Syndicated Bank Loan Market Summary:
Week Ending 11/12/21

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 11/5/21 – 11/12/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 7,270 MEDLINE TL B -0.05% 100.10 100.15 13
2 5,450 ENVISION HEALTHCARE TL B 0.40% 83.54 83.21 14
3 5,100 CHANGE HEALTHCARE TL B -0.12% 99.88 100.00 10
4 5,000 UNITED CONTINENTAL TL B 0.37% 101.84 101.47 13
5 4,750 ZAYO TL 0.10% 98.75 98.65 15
6 4,700 CAESARS RESORT COLLECTION TL B 0.03% 99.63 99.61 15
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.07% 99.71 99.78 11
8 4,197 AKZONOBEL TL B 0.01% 99.32 99.31 12
9 3,972 POWER SOLUTIONS TL B -0.12% 99.42 99.53 12
10 3,900 DIRECTV TL 0.05% 100.22 100.17 11
11 3,582 MISYS TL B 0.01% 99.52 99.52 15
12 3,524 TRANSDIGM INC. TL F 0.01% 98.83 98.83 14
13 3,515 LIFEPOINT HOSPITALS TL B 0.00% 99.75 99.75 13
14 3,500 AMERICAN AIRLINES TL B 0.20% 104.70 104.49 10
15 3,500 PILOT TRAVEL TL B 0.02% 99.42 99.40 10
16 3,380 SOLERA TL B 0.01% 100.28 100.27 14
17 3,325 CINEWORLD TL B 1.18% 83.98 83.01 12
18 3,312 HUB INTL LTD TL B 0.18% 99.09 98.92 15
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B 6.67% 51.98 48.72 12
20 3,300 NTL CABLE PLC TL N 0.14% 99.23 99.09 13
AVERAGE 4,157 0.45% 95.96 95.69 12.7

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 11/5/21 – 11/12/21

RANK NAME CHANGE PX PX-1M
1 MITEL NETWORKS 2ND LIEN TL 23.41% 78.91 63.94
2 AUDIO VISUAL TL B 3.11% 93.43 90.61
3 LIGHTSTONE GENERATION LLC TL C 1.96% 88.39 86.69
4 SPECTRUM PLASTICS 2ND LIEN TL 1.61% 92.60 91.14
5 CLUB CORP TL B 1.54% 95.93 94.47
6 US TELEPACIFIC TL B 1.47% 75.93 74.82
7 SIRVA WORLDWIDE 2ND LIEN TL 1.46% 87.52 86.26
8 ELECTRONICS FOR IMAGING 2ND LIEN TL 1.44% 87.27 86.03
9 HURTIGRUTEN GROUP EUR TL B 1.23% 95.91 94.75
10 EQUINOX HLDGS INC 2ND LIEN TL 1.09% 91.03 90.05

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/5/21 – 11/12/21

RANK NAME CHANGE PX PX-1M
1 PLUSSERVER EUR TL B -12.02% 39.68 45.11
2 NSO GROUP TL -8.05% 70.20 76.34
3 PREMIERE GLOBAL TL -7.67% 32.85 35.58
4 MULTIPLAN TL B -2.67% 95.44 98.06
5 EXELA TL B -2.60% 78.84 80.94
6 HOFFMASTER TL -1.66% 91.92 93.48
7 EASTERN POWER TL B -1.60% 84.66 86.04
8 TECOMET TL B -1.44% 94.50 95.88
9 SINCLAIR BROADCAST GROUP INC. TL B -1.41% 97.42 98.82
10 FEMUR BUYER TL -1.09% 92.60 93.62

Avg Bid PX by Sector

Displays the average loan bid price by sector between 11/5/21 – 11/12/21

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 11/5/21 – 11/12/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 11/5/21 vs. the week ending 11/12/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SOCOTEC EUR TL B 2 22 20 1000%
2 VIRTUSA TL 12 32 20 167%
3 GOGO/AIRCELL TL B 20 38 18 90%
4 TALEN ENERGY SUPPLY LLC TL B 2 15 13 650%
5 CLEARWATER PAPER TL 10 21 11 110%
6 US SALT TL B 18 28 10 56%
7 ADCO GLOBAL EUR TL B 12 22 10 83%
8 HILLMAN GROUP TL B2 33 42 9 27%
9 ONEX SCHUMACHER FINANCE LP TL 8 17 9 113%
10 KETER GROUP EUR TL B 32 41 9 28%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 11/5/21 – 11/12/21

RANK TRANCHE DEALERS
1 ACTION NEDERLAND EUR TL B 19
2 LUMILEDS TL B 19
3 DAE AVIATION TL 19
4 BRAND ENERGY TL 18
5 BELLIS ACQUISITION CO PLC EUR TL B 17
6 ZIGGO EUR TL H 17
7 VISTRA ENERGY TL B3 17
8 IFCO EUR TL B 17
9 FRONERI EUR TL B 17
10 ACTION NEDERLAND EXT EUR TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 11/5/21 – 11/12/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 11/5/21 – 11/12/21

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

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