Syndicated Bank Loans
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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
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