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Syndicated Bank Loan Market Summary:
Week Ending 11/19/21

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 11/12/21 – 11/19/21

RANK SIZE (MM) NAME CHANGE PX PX-1W DEALERS
1 7,270 MEDLINE TL B -0.09% 100.01 100.10 15
2 5,450 ENVISION HEALTHCARE TL B -2.95% 81.08 83.54 14
3 5,100 CHANGE HEALTHCARE TL B 0.01% 99.89 99.88 10
4 5,000 UNITED CONTINENTAL TL B -0.43% 101.40 101.84 12
5 4,750 ZAYO TL -0.27% 98.48 98.75 15
6 4,700 CAESARS RESORT COLLECTION TL B -0.11% 99.52 99.63 14
7 4,565 BAUSCH HEALTH COMPANIES INC. TL B -0.19% 99.52 99.71 11
8 4,197 AKZONOBEL TL B -0.08% 99.25 99.32 11
9 3,972 POWER SOLUTIONS TL B 0.03% 99.45 99.42 10
10 3,900 DIRECTV TL -0.09% 100.13 100.22 11
11 3,582 MISYS TL B -0.08% 99.45 99.52 15
12 3,524 TRANSDIGM INC. TL F -0.09% 98.74 98.83 13
13 3,515 LIFEPOINT HOSPITALS TL B -0.19% 99.56 99.75 13
14 3,500 PILOT TRAVEL TL B -0.16% 99.26 99.42 11
15 3,380 SOLERA TL B -0.10% 100.18 100.28 15
16 3,325 CINEWORLD TL B 0.63% 84.51 83.98 10
17 3,312 HUB INTL LTD TL B -0.33% 98.77 99.09 16
18 3,300 NTL CABLE PLC TL N -0.16% 99.07 99.23 12
19 3,300 SINCLAIR BROADCAST GROUP INC. TL B -13.03% 45.21 51.98 11
20 3,275 SCIENTIFIC GAMES TL B5 -0.13% 99.58 99.71 12
AVERAGE 4,146 -0.89% 95.15 95.71 12.6

Top 10 Winners

Showcases the top 10 loan “winners” based on the largest bid price increases between 11/12/21 – 11/19/21

RANK NAME CHANGE PX PX-1M
1 MITEL NETWORKS 2ND LIEN TL 14.19% 90.11 78.91
2 EPIC CRUDE TL B 2.64% 78.05 76.05
3 ELECTRONICS FOR IMAGING TL 2.48% 95.90 93.58
4 PRAESIDIAD EUR TL B 1.97% 89.99 88.25
5 AT&T COLOCATION TL 1.37% 85.91 84.75
6 LIMETREE BAY TL B 1.36% 86.64 85.47
7 IPS 2ND LIEN TL 1.25% 100.52 99.28
8 TELESAT TL B 1.09% 90.76 89.78
9 PEABODY ENERGY TL B 0.79% 87.96 87.27
10 CLUB CORP TL B 0.74% 96.64 95.93

Top 10 Losers

Showcases the top 10 loan “losers” based on the largest bid price decreases between 11/12/21 – 11/19/21

RANK NAME CHANGE PX PX-1M
1 SINCLAIR BROADCAST GROUP INC. TL B -13.03% 45.21 51.98
2 YAK MAT 2ND LIEN TL B -5.87% 64.85 68.89
3 ANCHOR GLASS TL B -5.06% 87.34 92.00
4 HOFFMASTER 2ND LIEN TL -4.67% 75.36 79.06
5 CHASSIX TL B -4.67% 92.44 96.97
6 ENVISION HEALTHCARE TL B -2.95% 81.08 83.54
7 GENESIS CARE EUR TL B -2.09% 96.66 98.73
8 WEST CORP TL B -1.76% 96.38 98.10
9 ISAGENIX TL -1.68% 75.77 77.06
10 GENESIS CARE EUR TL B2 -1.65% 94.97 96.56

Avg Bid PX by Sector

Displays the average loan bid price by sector between 11/12/21 – 11/19/21

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 11/12/21 – 11/19/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 11/12/21 vs. the week ending 11/19/21

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CAST & CREW TL 2 88 86 4300%
2 INEOS FIN TL B 48 82 34 71%
3 VISTRA ENERGY TL B3 89 119 30 34%
4 REYNOLDS GROUP HOLDINGS LIMITED TL 54 84 30 56%
5 GRAY TELEVISION TL D 50 80 30 60%
6 WHATABURGER TL B 67 96 29 43%
7 HORIZON PHARMA TL B 37 66 29 78%
8 BERRY PLASTICS TL Z 79 107 28 35%
9 HILEX POLY TL B 72 100 28 39%
10 JAZZ PHARMA TL B 64 92 28 44%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 11/12/21 – 11/19/21

RANK TRANCHE DEALERS
1 LUMILEDS TL B 20
2 BRAND ENERGY TL 19
3 DAE AVIATION TL 18
4 IFCO EUR TL B 17
5 BMC SOFTWARE TL B 16
6 SYNLAB EUR TL B5 16
7 US TELEPACIFIC TL B 16
8 NUMERICABLE EUR TL B12 16
9 ACTION NEDERLAND EUR TL B 16
10 HUB INTL LTD TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 11/12/21 – 11/19/21

Sector Bid-Offer Spread

Displays the bid-offer spread by sector between 11/12/21 – 11/19/21

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

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