Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 12/23/21
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/17/21 – 12/23/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 7,270 | MEDLINE TL B | 0.16% | 99.86 | 99.71 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.18% | 79.97 | 79.83 | 14 |
| 3 | 5,000 | UNITED CONTINENTAL TL B | 0.21% | 100.35 | 100.14 | 11 |
| 4 | 4,750 | ZAYO TL | 0.07% | 98.49 | 98.42 | 15 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.04% | 99.29 | 99.33 | 13 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.17% | 99.47 | 99.30 | 10 |
| 7 | 3,900 | DIRECTV TL | 0.11% | 100.16 | 100.05 | 12 |
| 8 | 3,582 | MISYS TL B | 0.01% | 99.29 | 99.28 | 14 |
| 9 | 3,524 | TRANSDIGM INC. TL F | -0.03% | 98.51 | 98.53 | 13 |
| 10 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.13% | 99.80 | 99.67 | 13 |
| 11 | 3,500 | PILOT TRAVEL TL B | 0.04% | 99.35 | 99.32 | 10 |
| 12 | 3,380 | SOLERA TL B | 0.11% | 99.98 | 99.87 | 14 |
| 13 | 3,325 | CINEWORLD TL B | 0.53% | 76.58 | 76.17 | 13 |
| 14 | 3,312 | HUB INTL LTD TL B | 0.17% | 98.90 | 98.74 | 16 |
| 15 | 3,300 | NTL CABLE PLC TL N | 0.12% | 98.92 | 98.80 | 10 |
| 16 | 3,275 | SCIENTIFIC GAMES TL B5 | 0.01% | 99.45 | 99.44 | 10 |
| 17 | 3,100 | JAZZ PHARMA TL B | 0.17% | 100.31 | 100.14 | 11 |
| 18 | 3,000 | DELTA SKYMILES TL B | 0.00% | 105.73 | 105.73 | 11 |
| 19 | 3,000 | WESTINGHOUSE TL B | 0.05% | 99.06 | 99.02 | 14 |
| 20 | 2,985 | HARBOR FREIGHT TL B | -0.06% | 99.71 | 99.76 | 14 |
| AVERAGE | 3,922 | 0.10% | 97.66 | 97.56 | 12.5 |
Top 10 Winners
Showcases the top 10 loan “winners” based on the largest bid price increases between 12/17/21 – 12/23/21
| RANK | NAME | CHANGE | PX | PX-1M |
| 1 | RIVERBED TL B | 6.43% | 95.32 | 89.57 |
| 2 | GTT COMMUNICATIONS EUR TL B | 4.64% | 88.43 | 84.51 |
| 3 | COLE HAAN TL B1 | 3.16% | 93.99 | 91.11 |
| 4 | SINCLAIR BROADCAST GROUP INC. TL B | 2.31% | 45.76 | 44.73 |
| 5 | STEINHOFF EUROPE PIK 2ND LIEN EUR TL A2 | 2.30% | 94.07 | 91.96 |
| 6 | EXELA TL B | 2.18% | 81.36 | 79.63 |
| 7 | ANASTASIA BEVERLY HILLS TL B | 1.55% | 89.22 | 87.86 |
| 8 | ESSENTIAL POWER TL B | 1.43% | 84.32 | 83.13 |
| 9 | ENVISION HEALTHCARE TL B | 1.04% | 79.83 | 79.01 |
| 10 | DOUGLAS HOLDING EUR TL B | 0.93% | 98.72 | 97.81 |
Top 10 Losers
Showcases the top 10 loan “losers” based on the largest bid price decreases between 12/17/21 – 12/23/21
| RANK | NAME | CHANGE | PX | PX-1M |
| 1 | CINEWORLD TL B | -5.98% | 74.91 | 79.68 |
| 2 | EASTERN POWER TL B | -4.84% | 76.89 | 80.80 |
| 3 | REVERE POWER TL B | -4.51% | 84.88 | 88.89 |
| 4 | NATIONAL CINEMEDIA TL B | -3.15% | 90.00 | 92.92 |
| 5 | WORLD KITCHEN TL | -2.88% | 92.75 | 95.50 |
| 6 | CHASSIX TL B | -1.83% | 89.40 | 91.06 |
| 7 | TRAVELPORT TL B | -1.60% | 82.76 | 84.10 |
| 8 | AMC ENTERTAINMENT TL B1 | -1.57% | 89.04 | 90.45 |
| 9 | AUDIO VISUAL TL B2 | -1.54% | 91.98 | 93.41 |
| 10 | CARECENTRIX TL B | -1.43% | 96.65 | 98.06 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/17/21 – 12/23/21
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 12/17/21 – 12/23/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/17/21 vs. the week ending 12/23/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | AIR MEDICAL GROUP HOLDIN TL B | 9 | 42 | 33 | 367% |
| 2 | DUEMMEN ORANGE EUR TL B | 2 | 12 | 10 | 500% |
| 3 | AVANTOR TL B4 | 10 | 18 | 8 | 80% |
| 4 | DEALOGIC EUR TL B | 10 | 18 | 8 | 80% |
| 5 | MOTOR FUEL GBP TL B1 | 34 | 42 | 8 | 24% |
| 6 | RODAN & FIELDS TL B | 32 | 40 | 8 | 25% |
| 7 | DELACHAUX TL B2 | 10 | 18 | 8 | 80% |
| 8 | AFFIDEA EUR TL B | 11 | 18 | 7 | 64% |
| 9 | TECHEM EUR TL B4 | 41 | 48 | 7 | 17% |
| 10 | BELLIS ACQUISITION CO PLC EUR TL B | 41 | 48 | 7 | 17% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/17/21 – 12/23/21
| RANK | TRANCHE | DEALERS |
| 1 | IFCO EUR TL B | 19 |
| 2 | SYNLAB EUR TL B5 | 18 |
| 3 | LUMILEDS TL B | 18 |
| 4 | DAE AVIATION TL | 18 |
| 5 | ELSAN GROUPE EXT EUR TL B | 17 |
| 6 | STARK GROUP EUR TL B | 17 |
| 7 | FONCIA GROUPE EUR TL B | 17 |
| 8 | CEVA SANTE ANIMALE EUR TL B | 17 |
| 9 | CINEWORLD TL B | 17 |
| 10 | VERISURE EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/17/21 – 12/23/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/17/21 – 12/23/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
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