Syndicated Bank Loan Market Summary – Week Ending 12/27/24
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Syndicated Bank Loan Market Summary: Week Ending 12/27/24
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 12/27/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
forward calendar
Forward calendar during the week ending 12/27/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/20/24 – 12/27/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | 0.01% | 92.88 | 92.87 | 11 |
| 2 | 6,145 | MAGNOLIA TL | 0.01% | 92.88 | 92.87 | 11 |
| 3 | 6,145 | MAGNOLIA TL | 0.01% | 92.88 | 92.87 | 11 |
| 4 | 6,145 | MAGNOLIA TL | 0.01% | 92.88 | 92.87 | 11 |
| 5 | 6,145 | MAGNOLIA TL | 0.01% | 92.88 | 92.87 | 11 |
| 6 | 6,145 | MAGNOLIA TL | 0.01% | 92.88 | 92.87 | 11 |
| 7 | 5,098 | HUB INTL LTD TL B | 0.01% | 100.53 | 100.52 | 17 |
| 8 | 4,750 | ZAYO TL | 0.06% | 93.31 | 93.25 | 16 |
| 9 | 4,750 | ZAYO TL | 0.06% | 93.31 | 93.25 | 16 |
| 10 | 4,750 | ZAYO TL | 0.06% | 93.31 | 93.25 | 16 |
| 11 | 4,750 | ZAYO TL | 0.06% | 93.31 | 93.25 | 16 |
| 12 | 4,750 | ZAYO TL | 0.06% | 93.31 | 93.25 | 16 |
| 13 | 4,750 | ZAYO TL | 0.06% | 93.31 | 93.25 | 16 |
| 14 | 4,741 | INTERNET BRANDS TL B | -0.03% | 99.96 | 99.99 | 15 |
| 15 | 4,741 | INTERNET BRANDS TL B | -0.03% | 99.96 | 99.99 | 15 |
| 16 | 4,525 | TRANSDIGM INC. TL I | 0.05% | 100.27 | 100.22 | 15 |
| 17 | 4,237 | INSPIRE BRANDS TL | -0.03% | 100.00 | 100.03 | 11 |
| 18 | 4,001 | CITADEL TL B | -0.02% | 100.20 | 100.23 | 12 |
| 19 | 3,935 | SS&C TECH TL B8 | 0.08% | 100.24 | 100.16 | 16 |
| 20 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.01% | 100.18 | 100.19 | 15 |
| AVERAGE | 5,027 | 0.02% | 95.92 | 100.19 | 13.9 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/20/24-12/27/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | MULTIPLAN TL B | 10.40% | 83.91 | 76.00 | 9 |
| 2 | ELECTRONICS FOR IMAGING TL | 1.33% | 81.02 | 79.96 | 11 |
| 3 | CERBA HEALTHCARE EUR TL B | 1.21% | 86.14 | 85.11 | 13 |
| 4 | TROPICANA TL | 1.20% | 65.93 | 65.15 | 18 |
| 5 | SABRE TL B2 | 0.99% | 96.88 | 95.93 | 8 |
| 6 | WIDEOPENWEST TL B | 0.66% | 89.26 | 88.68 | 14 |
| 7 | TRICO PRODUCTS TL B | 0.61% | 93.78 | 93.21 | 5 |
| 8 | SVMSTR TL B | 0.54% | 97.30 | 96.78 | 9 |
| 9 | CAST & CREW TL B | 0.33% | 96.87 | 96.56 | 7 |
| 10 | VERIZON TL B1 | 0.29% | 97.53 | 97.25 | 6 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/20/24-12/27/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LANDESK TL B | -4.47% | 71.93 | 75.29 | 13 |
| 2 | DELL SOFTWARE GROUP 2ND LIEN TL | -3.31% | 20.94 | 21.65 | 11 |
| 3 | WELLPET 2ND LIEN TL B | -1.94% | 46.81 | 47.74 | 6 |
| 4 | PRETIUM PACKAGING 2ND LIEN TL | -1.48% | 36.48 | 37.03 | 11 |
| 5 | CLAIRE’S STORES TL B | -1.08% | 80.68 | 81.56 | 8 |
| 6 | RIVERBED PIK TL | -1.00% | 59.40 | 60.00 | 6 |
| 7 | NUMERICABLE TL B13 | -0.77% | 80.24 | 80.86 | 9 |
| 8 | MICHAELS STORES TL | -0.44% | 80.51 | 80.86 | 16 |
| 9 | PIXELLE SPECIALTY SOLUTIONS TL B | -0.39% | 83.41 | 83.74 | 12 |
| 10 | GARDA SECURITY TL B | -0.38% | 100.13 | 100.51 | 6 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/20/24-12/27/24 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 12/20/24-12/27/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/20/24 vs. the week ending 12/27/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | INEOS FIN TL B | 12 | 28 | 16 | 133% |
| 2 | JOSTENS TL B | 20 | 32 | 12 | 60% |
| 3 | AMC ENTERTAINMENT TL | 20 | 30 | 10 | 50% |
| 4 | HARSCO CORP TL B3 | 20 | 30 | 10 | 50% |
| 5 | DIAMOND SPORTS DIP PIK TL | 8 | 18 | 10 | 125% |
| 6 | TRIMARK TL B | 0 | 8 | 8 | NA |
| 7 | AMERICAN TIRE TL B | 5 | 13 | 8 | 160% |
| 8 | BRIGHT HORIZONS TL B | 6 | 14 | 8 | 133% |
| 9 | SYNEOS TL A | 4 | 12 | 8 | 200% |
| 10 | MEDIMPACT HLDGS INC DD TL | 6 | 14 | 8 | 133% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/20/24-12/27/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | CSC SERVICEWORKS INC TL | 18 |
| 2 | SITEL LLC / SITEL FIN CORP TL B | 18 |
| 3 | TROPICANA TL | 18 |
| 4 | WHITE CAP BUYER LLC TL B | 18 |
| 5 | GOLDEN NUGGET INC TL B | 17 |
| 6 | BELLIS ACQUISITION CO PLC EUR TL B | 17 |
| 7 | AMWINS TL B | 17 |
| 8 | SOLERA TL B | 17 |
| 9 | ZIGGO EUR TL H | 17 |
| 10 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/20/24-12/27/24
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.
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