Syndicated Bank Loans
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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
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