Syndicated Bank Loans

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

Syndicated Bank Loan Market Summary:
Week Ending 11/1/24

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 11/1/24

ISSUER AMOUNT (MM) LOAN TYPE MATURITY RATE
Treasure Holding Inc 785 Term Loan 11/4/2031 S+425
Outcomes Group Hldg Inc. 698 Term Loan 5/2/2031 S+350
MyEyeDR. Inc. 1400 Term Loan 4/2/2031 S+350

forward calendar

Forward calendar during the week ending 11/1/24

Issuer Deal Information Banks Expected Issue Date
1440 Foods Topco LLC $875MM TLB (B3/B) DB,JEFF,MQG,BNP Q4 2024
FNZ $2.146B TL (B3/B-) BCLY,BMO,STAN, USB Q4 2024

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 10/25/24 – 11/1/24

RANK SIZE (MM) NAME CHANGE PRC PRC-1W DEALERS
1 6,143 MEDLINE TL B -0.02% 100.08 100.11 16
2 5,385 ULTIMATE SOFTWARE TL B -0.08% 100.05 100.13 17
3 5,098 HUB INTL LTD TL B -0.09% 100.14 100.24 18
4 4,750 ZAYO TL -1.15% 93.67 94.76 14
5 4,741 INTERNET BRANDS TL B -0.01% 99.35 99.37 16
6 4,525 TRANSDIGM INC. TL I -0.10% 100.17 100.27 16
7 4,237 INSPIRE BRANDS TL -0.07% 99.94 100.01 13
8 3,935 SS&C TECH TL B8 -0.10% 99.92 100.02 17
9 3,900 DIRECTV HLDGS LLC / DIRECTV TL 0.02% 100.12 100.10 14
10 3,859 ALLIANT HLDGS I INC TL B -0.13% 99.54 99.67 20
11 3,640 TRANSDIGM INC. TL J -0.11% 100.04 100.15 15
12 3,640 TRANSDIGM INC. TL J -0.11% 100.04 100.15 15
13 3,573 CDK GLOBAL TL B 0.00% 99.34 99.34 15
14 3,500 WESTINGHOUSE TL B -0.11% 100.05 100.16 15
15 3,500 AMERICAN AIRLINES TL B -0.10% 102.75 102.85 14
16 3,420 RCN GRANDE TL 0.23% 87.42 87.22 13
17 3,380 SOLERA TL B -0.19% 99.14 99.32 16
18 3,340 PROOFPOINT TL B -0.13% 100.07 100.20 13
19 3,300 NTL CABLE PLC TL N -0.61% 96.98 97.57 12
20 3,250 CORELOGIC TL B -0.06% 99.35 99.41 12
AVERAGE 4,056 -0.15% 98.91 100.03 15.1

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 10/25/24-11/1/24

RANK NAME CHANGE PRC PRC-1W DEALERS
1 PIXELLE SPECIALTY SOLUTIONS TL B 4.20% 81.67 78.38 12
2 VERIFONE TL B 2.35% 92.95 90.82 14
3 RINCHEM TL 2.00% 87.92 86.19 9
4 EIG INVESTORS TL B 1.60% 90.58 89.16 10
5 EW SCRIPPS EXT TL B3 1.48% 93.53 92.17 12
6 ASCEND PERFORMANCE MATERIALS TL B 1.17% 92.53 91.46 10
7 COLISEE PATRIMOINE EUR TL B 1.08% 92.52 91.53 16
8 RACKSPACE HOSTING TL B 1.03% 59.92 59.30 11
9 CABLEVISION TL B5 0.88% 93.50 92.68 9
10 AMC ENTERTAINMENT TL 0.84% 101.70 100.86 11

Bottom 10 Perfromers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 10/25/24-11/1/24

RANK NAME CHANGE PRC PRC-1W DEALERS
1 TROPICANA 2ND LIEN TL -6.64% 55.64 59.60 14
2 CCRR TL B -6.38% 75.16 80.28 10
3 TRINSEO TL B -3.66% 73.56 76.35 12
4 COREL TL -3.34% 93.73 96.97 7
5 MEDICAL SOLUTIONS TL -3.16% 73.82 76.23 12
6 CAST & CREW TL B -3.08% 97.00 100.08 9
7 BARRACUDA 2ND LIEN TL -2.80% 85.89 88.37 8
8 SITEL LLC / SITEL FIN CORP TL B -2.51% 62.70 64.31 16
9 LIFTOFF TL B -2.27% 96.02 98.25 12
10 AMERICAN BATH TL -1.45% 97.11 98.53 13

Avg Bid PX by Sector

Displays the average loan bid price by sector between 10/25/24-11/1/24

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 10/25/24-11/1/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 10/25/24 vs. the week ending 11/1/24

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 FLEETCOR TECHNOLOGIES TL B5 28 91 63 225%
2 JANE STREET TL B 49 99 50 102%
3 BUCKEYE TL B2 74 100 26 35%
4 DIGICERT TL 84 110 26 31%
5 VERITAS US INC TL B 40 66 26 65%
6 DELL SOFTWARE GROUP TL B 24 50 26 108%
7 INTERIOR LOGIC TL B 62 84 22 35%
8 ATLAS GROUP TL 8 30 22 275%
9 BARRACUDA TL 78 99 21 27%
10 PROOFPOINT TL B 81 102 21 26%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 10/25/24-11/1/24

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 HUB INTL LTD TL B 19
6 PRINCE MINERALS TL 18
7 WHITE CAP BUYER LLC TL B 18
8 FRONERI TL B 18
9 CLYDESDALE ACQUISITION HOLDINGS INC TL B 17
10 REYNOLDS CONSUMER TL B 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 10/25/24-11/1/24

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

  • Municipals

    Municipal Bond Market Summary – Week Ending 12/6/24

    Our weekly newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.

  • Corporates

    Investment Grade Corporate Bond Market Summary – Week Ending 12/6/24

    Our weekly newsletter presents key trends derived from observable Corporate Bond pricing data over a weekly period.