Syndicated Bank Loans

GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Syndicated Bank Loan Market Summary:
Week Ending 6/14/24

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 6/14/24

ISSUER AMOUNT (MM) LOAN TYPE MATURITY RATE
EAB Global Inc. Term Loan 877 5/1/2028 S+325
Authentic Brands Group LLC Term Loan 3333 12/21/2028 S+275
TransUnion LLC Term Loan 1500 5/30/2031 S+175

forward calendar

Forward calendar during the week ending 6/14/24

Issuer Deal Information Banks Expected Issue Date
Ankura Consulting Group $175M TL DB Q2 2024
Charter Next Generation Inc. $2.311B TLB KKR Q2 2024
Oregon Clean Energy $410M TL (B1) BMO Q2 2024
Spencer Spirit $350MM TLB RBC Q2 2024

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 6/7/24 – 6/14/24

RANK SIZE (MM) NAME CHANGE PRC PRC-1W DEALERS
1 6,143 MEDLINE TL B -0.25% 100.18 100.43 16
2 5,385 ULTIMATE SOFTWARE TL B -0.29% 100.41 100.70 15
3 5,160 MCAFEE CORP TL -0.06% 99.85 99.91 11
4 4,860 HUB INTL LTD TL B -0.35% 100.24 100.59 17
5 4,750 ZAYO TL -0.82% 86.73 87.45 15
6 4,741 INTERNET BRANDS TL B -0.18% 100.03 100.22 13
7 4,525 TRANSDIGM INC. TL I -0.29% 100.09 100.39 20
8 4,237 INSPIRE BRANDS TL -0.28% 99.99 100.27 13
9 4,050 CITRIX TL B -0.32% 100.21 100.53 11
10 3,935 SS&C TECH TL B8 -0.22% 100.15 100.38 16
11 3,900 DIRECTV TL -0.26% 99.84 100.11 17
12 3,640 TRANSDIGM INC. TL J -0.28% 100.09 100.37 13
13 3,573 CDK GLOBAL TL B -0.33% 100.45 100.78 13
14 3,500 AMERICAN AIRLINES TL B -0.24% 103.39 103.64 13
15 3,500 SEDGWICK TL B -0.19% 100.30 100.49 11
16 3,500 WESTINGHOUSE TL B -0.30% 100.12 100.42 15
17 3,420 RCN GRANDE TL 0.86% 80.57 79.88 12
18 3,380 SOLERA TL B -0.22% 99.84 100.07 15
19 3,350 THE NIELSEN COMPANY B.V. TL B -0.54% 95.92 96.44 10
20 3,340 PROOFPOINT TL B -0.12% 100.26 100.38 11
AVERAGE 4,144 -0.23% 98.43 98.67 13.9

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 6/7/24-6/14/24

RANK NAME CHANGE PRC PRC-1W DEALERS
1 RSA SECURITY LLC 2ND LIEN TL 6.39% 70.73 66.48 8
2 BLOUNT TL B 3.66% 76.51 73.81 13
3 EMPIRE TODAY TL 3.38% 75.38 72.91 11
4 INTERIOR LOGIC TL B 1.67% 91.47 89.97 9
5 PLANET FITNESS TL 1.57% 89.26 87.88 6
6 NUMERICABLE TL B14 1.51% 76.43 75.29 7
7 CORELOGIC 2ND LIEN TL 1.46% 97.63 96.22 7
8 AIR NEWCO LLC TL B 1.35% 90.22 89.02 6
9 SPRINGS WINDOW TL B 0.99% 85.63 84.79 13
10 KLOECKNER EUR TL B 0.97% 88.67 87.82 16

Bottom 10 Perfromers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 6/7/24-6/14/24

RANK NAME CHANGE PRC PRC-1W DEALERS
1 VERITAS US INC TL B -5.78% 85.15 90.37 15
2 SITEL LLC / SITEL FIN CORP EUR TL B -5.61% 78.11 82.75 13
3 LANDESK TL B -4.20% 82.84 86.47 12
4 HERTZ EXIT TL C -3.98% 87.32 90.94 4
5 HERTZ TL B -3.88% 87.14 90.66 7
6 VET INTERMEDIATE TL B -2.97% 96.90 99.86 8
7 LASERSHIP TL -2.90% 84.61 87.14 8
8 MULTIPLAN TL B -2.71% 79.32 81.53 12
9 USIC TL -2.21% 97.60 99.80 9
10 RESTORATION HARDWARE TL B -2.10% 95.65 97.70 7

Avg Bid PX by Sector

Displays the average loan bid price by sector between 6/7/24-6/14/24

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 6/7/24-6/14/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 6/7/24 vs. the week ending 6/14/24

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 ENTEGRIS TL B 12 58 46 383%
2 SITEL LLC / SITEL FIN CORP EUR TL B 0 38 38 NA
3 VERACODE TL B 14 52 38 271%
4 ARMACELL EUR TL B 1 34 33 3300%
5 VERIFONE DD TL 8 40 32 400%
6 SURGEY CENTER TL 26 58 32 123%
7 NEXSTAR BROADCASTING TL B 8 38 30 375%
8 DUFF & PHELPS TL B 6 36 30 500%
9 RV RETAILER TL B 32 62 30 94%
10 FIRST EAGLE TL B 8 36 28 350%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 6/7/24-6/14/24

RANK TRANCHE DEALERS
1 TRANSDIGM INC. TL I 20
2 TENNECO TL B 18
3 TRANSDIGM INC. TL K 18
4 TRANSDIGM INC. TL J 18
5 BERRY PLASTICS TL 17
6 HUB INTL LTD TL B 17
7 HILEX POLY TL B 17
8 BMC SOFTWARE TL B 17
9 HYPERION TL B 17
10 FRONERI TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 6/7/24-6/14/24

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.

Stay up-to-date on the latest from Solve

Read the latest from our team

  • NEWS ROOM

    Some Investors Are Still Paying High Prices for Munis – Originally published in The Wall Street Journal

    Some muni market investors are paying far more than others for the same bond on the same day, even after a 2018 rule improved the situation somewhat.

  • NEWS ROOM

    AI And The Municipal Bond Market: Solving The Pricing Problem – Originally published in Forbes

    Four fintech start-ups, using AI and data, are solving the pricing problem in the municipal bond market, upending entrenched incumbents along the way.