Syndicated Bank Loan Market Summary – Week Ending 10/25/24
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 10/25/24
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 10/25/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
forward calendar
Forward calendar during the week ending 10/25/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Endeavor Group Holdings Inc | $7.25B | JPM,MS,BofA,GS,BARC,DB,RBC | Q4 2024 |
| Enstar Group Ltd | 700MM TLB | Q4 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 10/18/24 – 10/25/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,143 | MEDLINE TL B | 0.00% | 100.11 | 100.11 | 16 |
| 2 | 5,385 | ULTIMATE SOFTWARE TL B | -0.15% | 100.13 | 100.27 | 17 |
| 3 | 5,098 | HUB INTL LTD TL B | 0.01% | 100.24 | 100.22 | 18 |
| 4 | 4,750 | ZAYO TL | -0.08% | 94.76 | 94.84 | 14 |
| 5 | 4,741 | INTERNET BRANDS TL B | -0.06% | 99.37 | 99.43 | 16 |
| 6 | 4,741 | INTERNET BRANDS TL B | -0.06% | 99.37 | 99.43 | 16 |
| 7 | 4,525 | TRANSDIGM INC. TL I | 0.01% | 100.27 | 100.25 | 16 |
| 8 | 4,237 | INSPIRE BRANDS TL | -0.04% | 100.01 | 100.05 | 13 |
| 9 | 3,935 | SS&C TECH TL B8 | -0.03% | 100.02 | 100.05 | 18 |
| 10 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.06% | 100.10 | 100.04 | 14 |
| 11 | 3,859 | ALLIANT HLDGS I INC TL B | -0.06% | 99.67 | 99.73 | 20 |
| 12 | 3,640 | TRANSDIGM INC. TL J | 0.03% | 100.15 | 100.12 | 15 |
| 13 | 3,573 | CDK GLOBAL TL B | -0.16% | 99.34 | 99.50 | 16 |
| 14 | 3,500 | AMERICAN AIRLINES TL B | -0.04% | 102.85 | 102.90 | 13 |
| 15 | 3,500 | WESTINGHOUSE TL B | -0.01% | 100.16 | 100.17 | 16 |
| 16 | 3,420 | RCN GRANDE TL | 1.70% | 87.22 | 85.76 | 12 |
| 17 | 3,380 | SOLERA TL B | 0.02% | 99.32 | 99.31 | 17 |
| 18 | 3,340 | PROOFPOINT TL B | -0.05% | 100.20 | 100.25 | 14 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.47% | 97.57 | 98.03 | 12 |
| 20 | 3,250 | CORELOGIC TL B | -0.26% | 99.41 | 99.67 | 12 |
| AVERAGE | 4,111 | 0.02% | 99.01 | 100.16 | 15.3 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 10/18/24-10/25/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | RACKSPACE HOSTING TL B | 2.85% | 59.30 | 57.66 | 10 |
| 2 | HYPERION MATERIALS TL | 1.82% | 96.49 | 94.77 | 6 |
| 3 | LUMEN TECHNOLOGIES TL A | 1.68% | 98.44 | 96.81 | 8 |
| 4 | AMERICAN ROCK SALT TL B | 1.12% | 83.14 | 82.22 | 10 |
| 5 | ARTERRA WINES CANANDA TL B1 | 1.06% | 97.77 | 96.74 | 13 |
| 6 | VIALTO CORP TL | 0.87% | 84.87 | 84.14 | 7 |
| 7 | STAPLES TL B | 0.86% | 92.72 | 91.93 | 13 |
| 8 | XELLA INTERNATIONAL GMBH EUR TL B | 0.83% | 93.48 | 92.71 | 15 |
| 9 | FLEETPRIDE TL B | 0.68% | 94.24 | 93.60 | 7 |
| 10 | ASURION 2ND LIEN TL B4 | 0.66% | 94.96 | 94.34 | 8 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 10/18/24-10/25/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LASERSHIP TL | -25.80% | 46.06 | 62.08 | 10 |
| 2 | RUNNER BUYER TL B | -6.47% | 45.40 | 48.54 | 11 |
| 3 | CUBIC CORP TL B | -4.16% | 72.21 | 75.34 | 13 |
| 4 | TROPICANA TL | -3.04% | 76.73 | 79.14 | 20 |
| 5 | VERIFONE DD TL | -3.03% | 90.83 | 93.66 | 6 |
| 6 | TRINSEO TL B | -2.28% | 76.35 | 78.13 | 12 |
| 7 | INMARSAT TL B | -1.72% | 91.51 | 93.11 | 6 |
| 8 | BARRACUDA TL | -1.38% | 95.01 | 96.34 | 14 |
| 9 | KIK CUSTOM TL B | -1.36% | 94.21 | 95.50 | 12 |
| 10 | SYNEOS HEALTH INC TL B | -1.22% | 97.96 | 99.17 | 15 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/18/24-10/25/24 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 10/18/24-10/25/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/18/24 vs. the week ending 10/25/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SIGNATURE AVIATION TL B | 16 | 74 | 58 | 363% |
| 2 | WHITE CAP BUYER LLC TL B | 116 | 150 | 34 | 29% |
| 3 | RACKSPACE HOSTING TL B | 25 | 58 | 33 | 132% |
| 4 | FRONERI TL B | 94 | 126 | 32 | 34% |
| 5 | ENSEMBLE HEALTH TL B | 62 | 94 | 32 | 52% |
| 6 | FIRST EAGLE TL B | 80 | 112 | 32 | 40% |
| 7 | DARKTRACE TL B | 46 | 77 | 31 | 67% |
| 8 | GATES GLOBAL TL B5 | 102 | 132 | 30 | 29% |
| 9 | CHARTER COMMUNICATIONS TL B4 | 80 | 110 | 30 | 38% |
| 10 | TROPICANA TL | 86 | 116 | 30 | 35% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/18/24-10/25/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BMC SOFTWARE TL | 20 |
| 2 | ALLIANT HLDGS I INC TL B | 20 |
| 3 | TROPICANA TL | 20 |
| 4 | AMWINS TL B | 19 |
| 5 | WHITE CAP BUYER LLC TL B | 18 |
| 6 | HUB INTL LTD TL B | 18 |
| 7 | PRINCE MINERALS TL | 18 |
| 8 | SS&C TECH TL B8 | 18 |
| 9 | GO DADDY TL B7 | 17 |
| 10 | CLYDESDALE ACQUISITION HOLDINGS INC TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/18/24-10/25/24
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.
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.
