Syndicated Bank Loan Market Summary – Week Ending 12/6/24
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 12/6/24
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 12/6/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Vistra Operations Co LLC | 2481 | Term Loan | 12/20/2030 | S+175 |
| Teneo Hldg LLC | Term Loan | 3/13/2031 |
forward calendar
Forward calendar during the week ending 12/6/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Brightspring Health Services Inc | $2.553B TLB(B1/B+) | MS,KKR | Q4 2024 |
| Cetera Financial Group Inc. (Aretec Group Inc.) | $2.512B TL | UBS | Q4 2024 |
| Berlin Packaging | $2.075B TLB-7 | GS | Q4 2024 |
| Amspec Parent Llc | $700 MM TLB | BMO, BofA,TPG | Q4 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 11/29/24 – 12/6/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,143 | MEDLINE TL B | 0.04% | 100.63 | 100.58 | 18 |
| 2 | 5,098 | HUB INTL LTD TL B | 0.17% | 100.87 | 100.70 | 19 |
| 3 | 4,750 | ZAYO TL | -0.19% | 95.19 | 95.37 | 14 |
| 4 | 4,741 | INTERNET BRANDS TL B | 0.01% | 100.14 | 100.13 | 16 |
| 5 | 4,525 | TRANSDIGM INC. TL I | 0.26% | 100.40 | 100.13 | 17 |
| 6 | 4,237 | INSPIRE BRANDS TL | -0.18% | 100.23 | 100.41 | 11 |
| 7 | 4,001 | CITADEL TL B | -0.01% | 100.38 | 100.39 | 10 |
| 8 | 3,935 | SS&C TECH TL B8 | 0.05% | 100.45 | 100.40 | 17 |
| 9 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.38% | 100.41 | 100.79 | 15 |
| 10 | 3,859 | ALLIANT HLDGS I INC TL B | 0.08% | 100.62 | 100.55 | 18 |
| 11 | 3,640 | TRANSDIGM INC. TL J | 0.25% | 100.23 | 99.97 | 16 |
| 12 | 3,640 | TRANSDIGM INC. TL J | 0.25% | 100.23 | 99.97 | 16 |
| 13 | 3,573 | CDK GLOBAL TL B | -0.60% | 99.55 | 100.14 | 15 |
| 14 | 3,500 | AMERICAN AIRLINES TL B | -0.07% | 103.07 | 103.14 | 14 |
| 15 | 3,500 | WESTINGHOUSE TL B | 0.14% | 100.48 | 100.34 | 15 |
| 16 | 3,420 | RCN GRANDE TL | -0.39% | 86.81 | 87.16 | 12 |
| 17 | 3,380 | SOLERA TL B | 0.04% | 100.41 | 100.37 | 17 |
| 18 | 3,340 | PROOFPOINT TL B | 0.02% | 100.59 | 100.57 | 13 |
| 19 | 3,300 | NTL CABLE PLC TL N | 0.25% | 99.23 | 98.98 | 12 |
| 20 | 3,242 | GOLDEN NUGGET INC TL B | 0.08% | 100.55 | 100.47 | 12 |
| AVERAGE | 3,986 | -0.01% | 99.52 | 100.67 | 14.9 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 11/29/24-12/6/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | MICHAELS STORES TL | 5.41% | 77.66 | 73.68 | 13 |
| 2 | WEBER-STEPHEN TL B | 4.80% | 99.42 | 94.87 | 10 |
| 3 | NEW FORTRESS ENERGY TL B | 3.72% | 96.54 | 93.08 | 12 |
| 4 | PETCO TL B | 2.59% | 98.00 | 95.53 | 13 |
| 5 | HERTZ EXIT TL B | 2.32% | 90.73 | 88.68 | 8 |
| 6 | VANTAGE ELEVATORS TL B | 1.55% | 98.73 | 97.22 | 7 |
| 7 | INTERIOR LOGIC TL B | 1.46% | 88.87 | 87.59 | 12 |
| 8 | TROPICANA TL | 1.42% | 70.22 | 69.24 | 17 |
| 9 | AMERICAN TRAILER WORLD TL | 1.18% | 86.74 | 85.73 | 13 |
| 10 | CORNERSTONE TL B | 1.17% | 97.52 | 96.39 | 12 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 11/29/24-12/6/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | COREL TL | -5.52% | 85.71 | 90.72 | 7 |
| 2 | FONCIA GROUPE EUR TL B | -3.97% | 86.49 | 90.07 | 14 |
| 3 | LANDESK TL B | -3.25% | 74.03 | 76.52 | 14 |
| 4 | CONSTANT CONTACT TL B | -2.45% | 93.94 | 96.30 | 8 |
| 5 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | -2.05% | 96.54 | 98.57 | 17 |
| 6 | THE NIELSEN COMPANY B.V. TL A | -1.84% | 89.96 | 91.64 | 8 |
| 7 | BRAND ENERGY TL B | -1.64% | 97.75 | 99.38 | 13 |
| 8 | TECTUM HOLDINGS INC TL B | -1.60% | 97.60 | 99.19 | 7 |
| 9 | ALTICE FINANCING TL B | -1.24% | 85.26 | 86.34 | 10 |
| 10 | CAST & CREW TL B | -1.20% | 95.35 | 96.51 | 7 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 11/29/24-12/6/24 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 11/29/24-12/6/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 11/29/24 vs. the week ending 12/6/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SIGNATURE AVIATION TL B | 24 | 84 | 60 | 250% |
| 2 | CHARTER COMMUNICATIONS TL B | 26 | 72 | 46 | 177% |
| 3 | HEARTLAND DENTAL TL B | 64 | 106 | 42 | 66% |
| 4 | JAZZ PHARMA TL B | 62 | 102 | 40 | 65% |
| 5 | LIFEPOINT HOSPITALS TL B | 42 | 80 | 38 | 90% |
| 6 | ULTIMATE SOFTWARE TL B | 60 | 98 | 38 | 63% |
| 7 | GOLDEN NUGGET INC TL B | 34 | 72 | 38 | 112% |
| 8 | US ANESTHESIA TL B | 52 | 90 | 38 | 73% |
| 9 | PRINCE MINERALS TL | 86 | 124 | 38 | 44% |
| 10 | SHEARERS TL B | 63 | 100 | 37 | 59% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 11/29/24-12/6/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | HUB INTL LTD TL B | 19 |
| 2 | WHITE CAP BUYER LLC TL B | 19 |
| 3 | DAVITA TL B | 19 |
| 4 | BMC SOFTWARE TL | 18 |
| 5 | ALLIANT HLDGS I INC TL B | 18 |
| 6 | AMWINS TL B | 18 |
| 7 | CSC SERVICEWORKS INC TL | 18 |
| 8 | TRANSDIGM INC. TL K | 18 |
| 9 | MEDLINE TL B | 18 |
| 10 | SOLERA TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 11/29/24-12/6/24
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.
