MCDERMOTT exited bankruptcy last week. The company's TL B ranked as the #1 loan "loser" ($35.19) and also as a top Quote Volume Mover.
Consumer Transportation rallied 9.3% in June, outpacing the average loan increase of 2.3%, driven by airline price advances.
Bid Offer Volume decreased last week, with Total Offers decreasing by 23.6% and Total Bids by 22.1%, likely due to the start of the lighter volume Summer season.
The Retail industry continues to struggle when compared to the overall Bank Loan market, with an average price 900bps lower than the broader loan market.
AMERICAN AIRLINES TL B was one of top quoted Bank Loans last week, being quoted by 15 dealers. The bid price also increased over 13% from the week prior, ranking the Leveraged Loan as one of the top "winners" as well.
MITEL NETWORKS 2ND LIEN TL moved up to the #1 Loan "Winner" ($51.66) after a 74.47% increase over the past week, continuing its rise in price after placing as #7 on the Winner list the prior week.
Bank Loan Sentiment Advancers outpaced Decliners in a strong May with prices increasing in 18 out of 21 trading days in May.
ARNOTT, ETON, 5 MEMORA EUR, and TRC COMPANIES all ranked on our Top Quote Volume Movers this week, after having zero quote volume the last week.
JOHNSON CONTROLS TL and SCIENTIFIC GAMES TL B5 surged more than 3% last week.
HERTZ & AVIS BUDGET were two of the Most Quoted Bank Loans last week, with each quoted by 16+ banks/dealers.