Syndicated Bank Loans

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Syndicated Bank Loan Market Summary:
Week Ending 7/19/24

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 7/19/24

ISSUER AMOUNT (MM) LOAN TYPE MATURITY RATE
Thor Industries Inc. Term Loan 350 11/8/2030 S+225
Paragon Films Inc. Term Loan 306 12/16/2028 S+425
Greystar Real Estate Partners LLC Term Loan 491 7/17/2030 S+275

forward calendar

Forward calendar during the week ending 7/19/24

Issuer Deal Information Banks Expected Issue Date
Acuren $725M TL JEFF,UBS,CITI Q3 2024
Garda World Security Corp. $2.322B TLB JPM Q3 2024
Wilsonart LLC $1.06B TLB (B2/B+) DB,GS Q3 2024

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 7/12/24 – 7/19/24

RANK SIZE (MM) NAME CHANGE PRC PRC-1W DEALERS
1 6,143 MEDLINE TL B -0.02% 100.19 100.21 15
2 5,385 ULTIMATE SOFTWARE TL B -0.01% 100.47 100.48 16
3 4,860 HUB INTL LTD TL B -0.03% 100.28 100.31 16
4 4,750 ZAYO TL -0.28% 86.27 86.51 16
5 4,741 INTERNET BRANDS TL B 0.01% 99.83 99.82 15
6 4,525 TRANSDIGM INC. TL I -0.03% 100.29 100.32 16
7 4,237 INSPIRE BRANDS TL 0.02% 100.11 100.09 12
8 3,935 SS&C TECH TL B8 0.10% 100.25 100.14 16
9 3,900 DIRECTV TL -0.15% 100.05 100.20 15
10 3,640 TRANSDIGM INC. TL J -0.02% 100.26 100.28 13
11 3,573 CDK GLOBAL TL B -0.27% 98.89 99.15 15
12 3,566 AIR MEDICAL PIK TL B -0.04% 97.40 97.44 10
13 3,500 SEDGWICK TL B 0.02% 100.13 100.11 12
14 3,500 AMERICAN AIRLINES TL B 0.06% 103.31 103.25 14
15 3,500 WESTINGHOUSE TL B 0.08% 100.19 100.11 15
16 3,420 RCN GRANDE TL -0.42% 82.28 82.63 14
17 3,380 SOLERA TL B 0.03% 100.14 100.11 16
18 3,350 THE NIELSEN COMPANY B.V. TL B 0.20% 94.10 93.92 10
19 3,340 PROOFPOINT TL B 0.04% 100.39 100.35 12
20 3,300 NTL CABLE PLC TL N 0.64% 97.18 96.57 11
AVERAGE 4,027 0.00% 98.10 98.10 14.0

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 7/12/24-7/19/24

RANK NAME CHANGE PRC PRC-1W DEALERS
1 CORRECT CARE TL B 3.24% 63.78 61.78 9
2 EW SCRIPPS EXT TL B3 2.60% 88.28 86.04 10
3 LANDESK TL B 2.06% 81.13 79.50 13
4 NEW FORTRESS ENERGY TL B 1.77% 98.27 96.56 11
5 IHEART TL B 1.68% 82.69 81.32 10
6 COX ENTERPRISES, INC. TL B 1.65% 81.49 80.17 13
7 PETCO TL B 1.13% 92.65 91.62 14
8 AMC ENTERTAINMENT TL B1 1.01% 95.42 94.46 15
9 THOUGHTWORKS TL 0.95% 98.96 98.02 9
10 STAPLES TL B 0.91% 92.50 91.66 10

Bottom 10 Perfromers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 7/12/24-7/19/24

RANK NAME CHANGE PRC PRC-1W DEALERS
1 SITEL LLC / SITEL FIN CORP TL B -5.57% 69.42 73.51 11
2 LESLIE’S POOLMART TL B -4.84% 92.70 97.41 16
3 VERACODE TL B -2.30% 88.92 91.02 8
4 EIG INVESTORS TL B -2.29% 89.12 91.21 8
5 KOFAX TL -2.29% 90.18 92.29 7
6 CONAIR HOLDINGS TL -1.48% 97.63 99.10 6
7 RV RETAILER TL B -1.24% 90.77 91.92 8
8 GRIFOLS WORLDWIDE EUR TL B -1.20% 96.29 97.46 14
9 INTERTAPE POLYMER US INC TL -1.19% 92.23 93.34 13
10 HARBOR FREIGHT TL B -1.13% 98.32 99.45 14

Avg Bid PX by Sector

Displays the average loan bid price by sector between 7/12/24-7/19/24

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 7/12/24-7/19/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 7/12/24 vs. the week ending 7/19/24

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 OPEN TEXT CORP TL B 24 70 46 192%
2 MOTOR FUEL EUR TL B 2 38 36 1800%
3 MOTOR FUEL GBP TL B5 6 42 36 600%
4 AUTODATA TL B 50 82 32 64%
5 KIK CUSTOM TL B 30 58 28 93%
6 TALEN ENERGY SUPPLY LLC TL B 30 58 28 93%
7 STADA ARZNEIMITTEL EUR TL B3 28 52 24 86%
8 THERAMEX EUR TL B 48 71 23 48%
9 ZAYO EUR TL 18 40 22 122%
10 HELIX GENERATION TL B 54 74 20 37%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 7/12/24-7/19/24

RANK TRANCHE DEALERS
1 AMWINS TL B 18
2 TENNECO TL B 18
3 ALLIANT HLDGS I INC TL B6 17
4 HILEX POLY TL B 17
5 BMC SOFTWARE TL B 17
6 TRANSDIGM INC. TL K 17
7 DAVITA TL B 17
8 CHEPLAPHARM ARZNEIMITTEL EUR TL B 17
9 HUB INTL LTD TL B 16
10 ULTIMATE SOFTWARE TL B 16

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 7/12/24-7/19/24

Sector Bid-Offer Spread

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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