Syndicated Bank Loans
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.
