Syndicated Bank Loans
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Syndicated Bank Loan Market Summary:
Week Ending 12/31/21
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 12/23/21 – 12/31/21
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 7,270 | MEDLINE TL B | 0.12% | 99.98 | 99.86 | 11 |
| 2 | 5,450 | ENVISION HEALTHCARE TL B | 0.20% | 80.13 | 79.97 | 14 |
| 3 | 5,000 | UNITED CONTINENTAL TL B | -0.23% | 100.12 | 100.35 | 11 |
| 4 | 4,750 | ZAYO TL | 0.03% | 98.52 | 98.49 | 15 |
| 5 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.10% | 99.39 | 99.29 | 13 |
| 6 | 4,565 | BAUSCH HEALTH COMPANIES INC. TL B | 0.12% | 99.59 | 99.47 | 10 |
| 7 | 3,900 | DIRECTV TL | -0.12% | 100.03 | 100.16 | 12 |
| 8 | 3,582 | MISYS TL B | 0.25% | 99.54 | 99.29 | 14 |
| 9 | 3,524 | TRANSDIGM INC. TL F | 0.03% | 98.54 | 98.51 | 13 |
| 10 | 3,515 | LIFEPOINT HOSPITALS TL B | 0.05% | 99.85 | 99.80 | 13 |
| 11 | 3,380 | SOLERA TL B | -0.02% | 99.96 | 99.98 | 14 |
| 12 | 3,325 | CINEWORLD TL B | 0.72% | 77.13 | 76.58 | 14 |
| 13 | 3,312 | HUB INTL LTD TL B | -0.13% | 98.77 | 98.90 | 16 |
| 14 | 3,100 | JAZZ PHARMA TL B | 0.05% | 100.36 | 100.31 | 11 |
| 15 | 3,000 | DELTA SKYMILES TL B | -0.08% | 105.64 | 105.73 | 11 |
| 16 | 3,000 | WESTINGHOUSE TL B | 0.15% | 99.21 | 99.06 | 14 |
| 17 | 2,985 | HARBOR FREIGHT TL B | 0.05% | 99.76 | 99.71 | 14 |
| 18 | 2,884 | BMC SOFTWARE TL B | 0.23% | 99.56 | 99.34 | 16 |
| 19 | 2,853 | VERTICAL MIDCO GMBH TL B | 0.13% | 100.00 | 99.87 | 10 |
| 20 | 2,825 | BRAND ENERGY TL | 0.13% | 97.65 | 97.52 | 14 |
| AVERAGE | 3,846 | 0.09% | 97.69 | 97.61 | 13.0 |
Top 20 Winners
Showcases the top 20 loan “winners” based on the largest bid price increases between 12/23/21 – 12/31/21
| RANK | NAME | CHANGE | PX | PX-1M |
| 1 | CVENT TL B | 1.18% | 99.79 | 98.62 |
| 2 | SHUTTERFLY TL B | 0.93% | 98.39 | 97.48 |
| 3 | 4L HOLDINGS EXIT TL | 0.81% | 95.77 | 95.00 |
| 4 | ALBION ACQUISITIONS LTD TL | 0.80% | 100.20 | 99.41 |
| 5 | CINEWORLD TL B | 0.72% | 77.13 | 76.58 |
| 6 | KIK CUSTOM TL B | 0.68% | 97.07 | 96.41 |
| 7 | NATIONAL CINEMEDIA TL B | 0.64% | 89.68 | 89.11 |
| 8 | DIEBOLD TL B | 0.56% | 98.98 | 98.43 |
| 9 | TRAVEL LEADERS TL | 0.54% | 91.63 | 91.14 |
| 10 | IHEART TL B | 0.53% | 99.79 | 99.26 |
| 11 | IRON MOUNTAIN TL B | 0.51% | 98.50 | 98.00 |
| 12 | VICTORIA’S SECRET TL | 0.49% | 99.86 | 99.38 |
| 13 | RCS CAPITAL TL | 0.48% | 99.98 | 99.50 |
| 14 | TRADESMEN TL | 0.44% | 84.98 | 84.60 |
| 15 | FAIRBANKS MORSE CDA LTD 2ND LIEN TL | 0.43% | 99.64 | 99.21 |
| 16 | PAYSAFE TL | 0.43% | 97.36 | 96.94 |
| 17 | CORELOGIC 2ND LIEN TL | 0.42% | 100.73 | 100.30 |
| 18 | SECURUS 2ND LIEN TL | 0.42% | 95.18 | 94.78 |
| 19 | BURGER KING TL B | 0.40% | 98.62 | 98.23 |
| 20 | ATKINS TL B | 0.39% | 100.72 | 100.34 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/23/21 – 12/31/21
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 12/23/21 – 12/31/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/23/21 vs. the week ending 12/31/21
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MISTER CAR WASH TL B | 39 | 68 | 29 | 74% |
| 2 | NASCAR TL B | 58 | 86 | 28 | 48% |
| 3 | FOCUS FINANCIAL TL B | 12 | 38 | 26 | 217% |
| 4 | COOPER STANDARD TL B | 36 | 62 | 26 | 72% |
| 5 | CLUB CORP TL B | 29 | 54 | 25 | 86% |
| 6 | HB FULLER TL B | 44 | 68 | 24 | 55% |
| 7 | TRICO PRODUCTS TL B | 22 | 46 | 24 | 109% |
| 8 | CSC SERVICEWORKS INC TL | 44 | 66 | 22 | 50% |
| 9 | PLAYA RESORTS TL B | 58 | 80 | 22 | 38% |
| 10 | APEX TOOLS TL B | 34 | 56 | 22 | 65% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/23/21 – 12/31/21
| RANK | TRANCHE | DEALERS |
| 1 | LUMILEDS TL B | 18 |
| 2 | IFCO EUR TL B | 18 |
| 3 | DAE AVIATION TL | 18 |
| 4 | CINEWORLD TL B | 17 |
| 5 | STARK GROUP EUR TL B | 16 |
| 6 | SYNLAB EUR TL B5 | 16 |
| 7 | FONCIA GROUPE EUR TL B | 16 |
| 8 | MEHILAINEN EUR TL B2 | 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 12/23/21 – 12/31/21
Sector Bid-Offer Spread
Displays the bid-offer spread by sector between 12/23/21 – 12/31/21
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
