Syndicated Bank Loans
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary:
Week Ending 12/15/23
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 12/15/23
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
| Heritage Crystal Clean LLC | 600 | Term Loan | 10/6/2030 | S+525 |
| Promontory | 500 | Term Loan | 12/11/2028 | S+450 |
| IVC Acquisition LTD | 2270 | Term Loan | 11/16/2028 | S+500 |
forward calendar
Forward calendar during the week ending 12/15/23
| Issuer | Deal Information | Banks | Expected Issue Date |
| Amynta | $1.037B TL | BofA | Q4 2023 |
| Aspen Dental | $780MM TL | JPM | Q4 2023 |
| Castlelake Aviation | $1.156B TLB (Ba3/BB) | MS | Q4 2023 |
| Touchtunes | $155M TL (B3) | CTZ | Q4 2023 |
| USI Inc. | $2.475B TLB | BofA,KKR | Q4 2023 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/8/23 – 12/15/23
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | 8,572 | GEO GROUP TL1 | 0.02% | 101.66 | 101.64 | 10 |
| 2 | 7,270 | MEDLINE TL B | 0.02% | 100.11 | 100.09 | 15 |
| 3 | 5,000 | QWEST CORPORATION TL B | 0.20% | 68.47 | 68.34 | 10 |
| 4 | 5,000 | UNITED CONTINENTAL TL B | 0.42% | 100.46 | 100.05 | 16 |
| 5 | 4,750 | HUB INTL LTD TL B5 | -0.01% | 100.38 | 100.39 | 17 |
| 6 | 4,750 | ZAYO TL | 0.79% | 85.47 | 84.80 | 15 |
| 7 | 4,741 | INTERNET BRANDS TL B | 0.59% | 97.39 | 96.82 | 15 |
| 8 | 4,559 | TRANSDIGM INC. TL I | 0.19% | 100.27 | 100.08 | 21 |
| 9 | 4,463 | ULTIMATE SOFTWARE TL B | 0.05% | 100.13 | 100.09 | 13 |
| 10 | 4,260 | NUMERICABLE TL B | 3.96% | 88.20 | 84.84 | 11 |
| 11 | 4,050 | CITRIX TL B | 0.83% | 96.89 | 96.10 | 14 |
| 12 | 3,900 | DIRECTV TL | 0.87% | 99.68 | 98.82 | 17 |
| 13 | 3,580 | CDK GLOBAL TL B | 0.05% | 100.26 | 100.21 | 14 |
| 14 | 3,550 | CITADEL TL B | -0.03% | 100.03 | 100.07 | 14 |
| 15 | 3,500 | SEDGWICK TL B | 0.01% | 100.19 | 100.18 | 11 |
| 16 | 3,500 | AMERICAN AIRLINES TL B | 0.45% | 102.07 | 101.62 | 14 |
| 17 | 3,500 | PILOT TRAVEL TL B | 0.02% | 100.08 | 100.06 | 13 |
| 18 | 3,450 | GOLDEN NUGGET INC TL B | 0.25% | 99.91 | 99.65 | 14 |
| 19 | 3,420 | RCN GRANDE TL | 5.17% | 79.81 | 75.89 | 12 |
| 20 | 3,380 | SOLERA TL B | 0.23% | 97.83 | 97.61 | 15 |
| AVERAGE | 4,460 | 0.70% | 95.97 | 95.37 | 14.1 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/8/23-12/15/23
| RANK | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | AT HOME STORES TL B | 15.24% | 39.68 | 34.43 | 6 |
| 2 | RINCHEM TL | 5.38% | 85.15 | 80.80 | 4 |
| 3 | RCN GRANDE TL | 5.17% | 79.81 | 75.89 | 12 |
| 4 | PRINCE MINERALS TL | 3.97% | 93.67 | 90.09 | 12 |
| 5 | NUMERICABLE TL B | 3.96% | 88.20 | 84.84 | 10 |
| 6 | USS PARENT TL B | 3.89% | 78.02 | 75.10 | 14 |
| 7 | TENNECO TL B | 3.88% | 86.87 | 83.62 | 14 |
| 8 | HERENS HOLDCO SARL TL B | 3.14% | 87.92 | 85.24 | 4 |
| 9 | HEARTHSIDE FOODS TL B3 | 3.12% | 78.75 | 76.37 | 11 |
| 10 | MICHAELS STORES TL | 3.06% | 81.15 | 78.74 | 15 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/8/23-12/15/23
| RANK | NAME | CHANGE | PX | PX-1W | DEALERS |
| 1 | STRATEGIC PARTNERS TL B | -15.43% | 29.57 | 34.97 | 9 |
| 2 | ANASTASIA BEVERLY HILLS TL B | -4.77% | 59.96 | 62.96 | 11 |
| 3 | ACCELL GROUP EUR TL B | -3.37% | 81.80 | 84.65 | 12 |
| 4 | SECURUS TL | -3.16% | 81.10 | 83.75 | 7 |
| 5 | KLOECKNER EUR TL B | -3.15% | 88.08 | 90.94 | 14 |
| 6 | MAVENIR TL B | -1.76% | 70.05 | 71.31 | 5 |
| 7 | AIR NEWCO LLC TL B | -1.21% | 83.98 | 85.01 | 7 |
| 8 | FRANKLIN ENERGY TL | -1.13% | 84.98 | 85.96 | 6 |
| 9 | ANCESTRY.COM TL B | -1.04% | 97.59 | 98.61 | 13 |
| 10 | ACCELERATED HEALTH SYSTEMS LLC TL B | -0.69% | 83.19 | 83.76 | 8 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/8/23-12/15/23
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 12/8/23-12/15/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/8/23 vs. the week ending 12/15/23
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SS&C TECH TL B | 0 | 95 | 95 | NA |
| 2 | TRANSUNION TL B | 16 | 108 | 92 | 575% |
| 3 | TRANSUNION TL B5 | 12 | 88 | 76 | 633% |
| 4 | SS&C TECH TL B | 0 | 62 | 62 | NA |
| 5 | IHEART TL B | 30 | 79 | 49 | 163% |
| 6 | CHARTER COMMUNICATIONS TL B4 | 30 | 76 | 46 | 153% |
| 7 | IHEART TL B | 16 | 58 | 42 | 263% |
| 8 | HILTON TL B3 | 30 | 68 | 38 | 127% |
| 9 | SS&C TECH TL B | 49 | 85 | 36 | 73% |
| 10 | BUCKEYE TL B | 64 | 91 | 27 | 42% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/8/23-12/15/23
| RANK | TRANCHE | DEALERS |
| 1 | TRANSDIGM INC. TL I | 22 |
| 2 | BMC SOFTWARE TL B | 19 |
| 3 | TRANSDIGM INC. TL H | 18 |
| 4 | ZIGGO EUR TL H | 18 |
| 5 | SS&C TECH TL B5 | 18 |
| 6 | HILEX POLY TL B | 18 |
| 7 | STARS GROUP TL B | 18 |
| 8 | UBER TECHNOLOGIES TL B | 17 |
| 9 | HUB INTL LTD TL B5 | 17 |
| 10 | ALKEGEN TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/8/23-12/15/23
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.
