Syndicated Bank Loan Market Summary – Week Ending 7/9/21
PEABODY ENERGY TLB increased 3.1% from $68.17 to $66.08 as the company is expected to benefit from the continued economic recovery.
PEABODY ENERGY TLB increased 3.1% from $68.17 to $66.08 as the company is expected to benefit from the continued economic recovery.
UNIV VA-A-TXBL moved up 4.4% from $102.60 to $98.23 after issuing $400 million of bonds to finance projects aimed to improve the university’s medical facilities.
Bond yields pull back prior to the Independence Day weekend
Top weekly insights from Solve Advisors' Bank Loans, Municipal Bonds and Corporate Bonds market summaries.
Alliance Health PIK 2ND LIEN TL is June’s top winner with a 72.8% change from $51.43 to $88.89 as late this past month it was announced that they would be acquired by Akumin which would create the most comprehensive radiology and oncology solutions provider in the U.S.
Georgia State 8/1/37 bonds increased 1.7% from 95.48 to 97.12 as ReGenerate buys a 50-MW biomass energy plant in the state.
EXELA TECHNOLOGIES increased 81.9% from $37.49 to $68.17 last week after the technology firm completed a $100 million equity offering that will be used to retire debt.
BUCKEYE PARTNERS BPL 6.75% bonds increased 3.5% from $107.92 to $111.75 last week following the company’s continued advancements in critical renewable energy generation and storage, and its commitment to integrate ESG values into long-term strategy.
EXELA TL B ranked as top winner over past week with a 68.6% increase from $40.40 to $68.14 as software company completed a $100 million at-the-market program with net proceeds to be used to retire debt.