Syndicated Bank Loan Market Summary – Week Ending 1/13/23
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 1/13/23
Our newsletter presents key trends derived from observable Syndicated Bank Loan pricing data over a weekly period.
New Issues
Loans issued during the week ending 1/13/23
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| WHP Global | 175 | Term Loan | 2/15/2027 | S+550 |
forward calendar
Forward calendar during the week ending 1/13/23
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Atlas Air Worldwide | $1.9B credit facilities: $300MM RC; $1.6B TL | GS, BCLY, AP, MIZ, CAG | Q1 2023 |
| Maxlinear Inc. | $3.5B credit facilities: $250MM RC; $512.5MM TLA; $2.7375 TLB | WF, BMO, CTZ, TRS | Q1 2023 |
| Moneygram International Inc. | $850MM credit facilities: $150MM RC; $700MM TL | GS, DB, BCLY, WF | Q1 2023 |
| Tegna Inc. | $4B credit facilities: $500MM RC; $3.5B TL | RBC, BofA, GS, TRS, BNP, CS, JEFF, MIZ, TD, BCLY, DB, MUFG, CTB, SMBC | Q1 2023 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/6/23 – 1/13/23
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 4,750 | ZAYO TL | 1.53% | 83.49 | 82.23 | 13 |
| 2 | 4,700 | CAESARS RESORT COLLECTION TL B | 0.04% | 99.95 | 99.90 | 13 |
| 3 | 3,582 | MISYS TL B | 3.44% | 91.53 | 88.48 | 13 |
| 4 | 3,524 | TRANSDIGM INC. TL F | 0.34% | 99.58 | 99.24 | 14 |
| 5 | 3,515 | LIFEPOINT HOSPITALS TL B | 2.10% | 96.93 | 94.94 | 10 |
| 6 | 3,325 | CINEWORLD TL B | -1.62% | 17.98 | 18.28 | 11 |
| 7 | 3,312 | HUB INTL LTD TL B | 0.45% | 99.60 | 99.16 | 12 |
| 8 | 3,300 | NTL CABLE PLC TL N | 0.34% | 99.25 | 98.91 | 10 |
| 9 | 3,000 | DELTA SKYMILES TL B | 0.52% | 102.79 | 102.25 | 12 |
| 10 | 2,825 | BRAND ENERGY TL | 0.71% | 91.47 | 90.82 | 17 |
| 11 | 2,750 | TEAM HEALTH TL | 2.53% | 89.91 | 87.69 | 13 |
| 12 | 2,670 | FRONERI TL B | 1.17% | 98.89 | 97.74 | 14 |
| 13 | 2,550 | GENESEE & WYOMING TL | 0.10% | 99.82 | 99.72 | 11 |
| 14 | 2,525 | ZIGGO TL I | 0.68% | 98.86 | 98.19 | 10 |
| 15 | 2,500 | QUIKRETE TL B | 0.16% | 99.26 | 99.10 | 10 |
| 16 | 2,285 | ACTION NEDERLAND EUR TL B | 0.68% | 98.33 | 97.66 | 15 |
| 17 | 2,250 | ZIGGO EUR TL H | 1.66% | 93.79 | 92.26 | 15 |
| 18 | 2,225 | MESSER INDUSTRIES TL B | 0.21% | 99.75 | 99.54 | 12 |
| 19 | 2,210 | TRANSDIGM INC. TL E | 0.16% | 99.58 | 99.42 | 16 |
| 20 | 2,180 | FRONERI EUR TL B | 1.39% | 94.19 | 92.90 | 13 |
| AVERAGE | 2,999 | 0.83% | 92.75 | 91.92 | 12.7 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/6/23-1/13/23
| RANK | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | DELL SOFTWARE GROUP TL B | 6.51% | 84.17 | 79.02 | 10 |
| 2 | AMNEAL PHARMACEUTIAL TL B | 4.98% | 93.82 | 89.37 | 8 |
| 3 | RSA SECURITY LLC TL B | 4.94% | 73.15 | 69.71 | 11 |
| 4 | SERTA SIMMONS SO TL | 4.94% | 49.66 | 47.32 | 10 |
| 5 | ANASTASIA BEVERLY HILLS TL B | 4.73% | 77.59 | 74.08 | 10 |
| 6 | IHEART TL B | 4.65% | 96.49 | 92.20 | 5 |
| 7 | VERIZON TL B2 | 4.53% | 94.80 | 90.69 | 6 |
| 8 | AMC ENTERTAINMENT TL B1 | 4.48% | 60.26 | 57.68 | 15 |
| 9 | RSA SECURITY LLC 2ND LIEN TL | 4.18% | 49.42 | 47.44 | 9 |
| 10 | STHI TL | 4.14% | 96.56 | 92.72 | 5 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/6/23-1/13/23
| RANK | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LOGMEIN TL B | -11.12% | 55.67 | 62.64 | 12 |
| 2 | JO-ANN STORES TL B | -7.54% | 63.89 | 69.10 | 8 |
| 3 | ACCELERATED HEALTH SYSTEMS LLC TL B | -5.72% | 74.94 | 79.48 | 6 |
| 4 | RCN GRANDE TL B | -3.08% | 82.77 | 85.40 | 6 |
| 5 | IMPERVA 2ND LIEN TL | -2.45% | 74.35 | 76.21 | 7 |
| 6 | CSC SERVICEWORKS INC TL | -2.00% | 79.39 | 81.01 | 9 |
| 7 | XPLORNET TL | -1.73% | 73.62 | 74.92 | 7 |
| 8 | RCN GRANDE TL | -1.07% | 83.04 | 83.94 | 10 |
| 9 | RESEARCH NOW TL | -0.71% | 72.67 | 73.19 | 10 |
| 10 | PAYSAFE TL | -0.33% | 95.99 | 96.31 | 7 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/6/23-1/13/23 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 1/6/23-1/13/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/6/23 vs. the week ending 1/13/23
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ULTIMATE SOFTWARE TL | 64 | 89 | 25 | 39% |
| 2 | ENTEGRIS TL B | 52 | 77 | 25 | 48% |
| 3 | AT HOME STORES TL B | 57 | 81 | 24 | 42% |
| 4 | SURF HOLDINGS TL B | 35 | 59 | 24 | 69% |
| 5 | US LBM TL B | 72 | 96 | 24 | 33% |
| 6 | GRANITE ENERGY TL B | 49 | 72 | 23 | 47% |
| 7 | LOYALTY VENTURES TL | 36 | 59 | 23 | 64% |
| 8 | WENDY’S INTERNATIONAL, LLC TL B | 36 | 58 | 22 | 61% |
| 9 | FRONERI TL B | 81 | 103 | 22 | 27% |
| 10 | AUDIO VISUAL TL B2 | 34 | 56 | 22 | 65% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/6/23-1/13/23
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BRAND ENERGY TL | 17 |
| 2 | CONVERGEONE TL B | 16 |
| 3 | TRANSDIGM INC. TL E | 16 |
| 4 | AMERICAN BATH TL | 16 |
| 5 | WHEEL PROS TL | 16 |
| 6 | PHILIPS APPLIANCES EUR TL B | 16 |
| 7 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | 15 |
| 8 | KETER GROUP EUR TL B | 15 |
| 9 | NTL CABLE PLC GBP TL M | 15 |
| 10 | ACTION NEDERLAND EUR TL B | 15 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/6/23-1/13/23
Sector Bid-Offer Spread
Results are based on 5 select industry sectors, however, we offer data across 36 sectors
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
