Syndicated Bank Loan Market Summary – Week Ending 1/3/25
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Syndicated Bank Loan Market Summary: Week Ending 1/3/25
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 1/3/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Authentic Brands | 40 | Term Loan | 12/27/2029 | |
| Frontier Communications | 1500 | Delayed Draw Term Loan | 12/31/2029 | S+175 |
forward calendar
Forward calendar during the week ending 1/3/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Airport Transport Services Group | $2.3B credit facilities | BCLY,RBC,WF,JEF | Q1 2025 |
| Patterson Cos. Inc. | $2.75B credit facilities | UBS,CITI,WF | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/27/24-1/3/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | 0.24% | 93.10 | 92.88 | 11 |
| 2 | 6,145 | MAGNOLIA TL | 0.24% | 93.10 | 92.88 | 11 |
| 3 | 6,145 | MAGNOLIA TL | 0.24% | 93.10 | 92.88 | 11 |
| 4 | 6,145 | MAGNOLIA TL | 0.24% | 93.10 | 92.88 | 11 |
| 5 | 6,145 | MAGNOLIA TL | 0.24% | 93.10 | 92.88 | 11 |
| 6 | 6,145 | MAGNOLIA TL | 0.24% | 93.10 | 92.88 | 11 |
| 7 | 5,098 | HUB INTL LTD TL B | 0.02% | 100.56 | 100.53 | 18 |
| 8 | 5,098 | HUB INTL LTD TL B | 0.02% | 100.56 | 100.53 | 18 |
| 9 | 4,750 | ZAYO TL | 0.21% | 93.50 | 93.31 | 16 |
| 10 | 4,750 | ZAYO TL | 0.21% | 93.50 | 93.31 | 16 |
| 11 | 4,750 | ZAYO TL | 0.21% | 93.50 | 93.31 | 16 |
| 12 | 4,750 | ZAYO TL | 0.21% | 93.50 | 93.31 | 16 |
| 13 | 4,750 | ZAYO TL | 0.21% | 93.50 | 93.31 | 16 |
| 14 | 4,750 | ZAYO TL | 0.21% | 93.50 | 93.31 | 16 |
| 15 | 4,741 | INTERNET BRANDS TL B | 0.01% | 99.97 | 99.96 | 14 |
| 16 | 4,741 | INTERNET BRANDS TL B | 0.01% | 99.97 | 99.96 | 14 |
| 17 | 4,525 | TRANSDIGM INC. TL I | 0.03% | 100.30 | 100.27 | 15 |
| 18 | 4,237 | INSPIRE BRANDS TL | 0.10% | 100.10 | 100.00 | 10 |
| 19 | 4,226 | INSPIRE BRANDS TL B | 0.16% | 100.16 | 100.00 | 12 |
| 20 | 4,204 | JANE STREET TL B | 0.07% | 99.71 | 99.64 | 13 |
| AVERAGE | 5,112 | 0.16% | 96.05 | 99.64 | 13.8 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/27/24-1/3/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | CERBA HEALTHCARE EUR TL C | 2.46% | 88.14 | 86.02 | 15 |
| 2 | RUNNER BUYER TL B | 1.27% | 46.38 | 45.80 | 12 |
| 3 | COLISEE PATRIMOINE EUR TL B | 0.97% | 89.88 | 89.02 | 15 |
| 4 | CSC SERVICEWORKS INC TL | 0.87% | 84.39 | 83.66 | 18 |
| 5 | CORELOGIC TL B | 0.77% | 99.37 | 98.61 | 11 |
| 6 | WATERBRIDGE OPERATING TL B | 0.67% | 100.17 | 99.50 | 9 |
| 7 | SITEL LLC / SITEL FIN CORP TL B | 0.66% | 67.25 | 66.81 | 18 |
| 8 | INOVIE EUR TL B | 0.65% | 95.67 | 95.05 | 11 |
| 9 | TRICO PRODUCTS TL B | 0.51% | 94.25 | 93.78 | 5 |
| 10 | WORLDPAY LTD TL B | 0.46% | 100.62 | 100.16 | 8 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/27/24-1/3/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | BLOUNT TL B | -8.44% | 59.64 | 65.14 | 14 |
| 2 | EASTMAN TIRE ADDITIVES TL | -1.35% | 75.64 | 76.68 | 6 |
| 3 | MODIVCARE INC TL B | -1.05% | 93.82 | 94.81 | 5 |
| 4 | RESOURCE LABEL GROUP TL | -0.56% | 98.26 | 98.81 | 9 |
| 5 | TRAVELPORT TL B | -0.54% | 93.05 | 93.56 | 15 |
| 6 | EW SCRIPPS EXT TL B3 | -0.53% | 88.40 | 88.88 | 11 |
| 7 | SELECT STAFFING TL B | -0.53% | 63.81 | 64.15 | 12 |
| 8 | LEAF HOME SOLUTIONS TL | -0.40% | 95.01 | 95.39 | 8 |
| 9 | INNOVATIVE XCESSORIES TL | -0.40% | 96.06 | 96.44 | 13 |
| 10 | TWIN RIVER TL B | -0.34% | 94.27 | 94.59 | 15 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/27/24-1/3/25 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 12/27/24-1/3/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/27/24 vs. the week ending 1/3/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | CULLIGAN TL B | 50 | 84 | 34 | 68% |
| 2 | BIOGROUP EUR TL B | 6 | 37 | 31 | 517% |
| 3 | LABORATORIOS EUR TL B1 | 6 | 36 | 30 | 500% |
| 4 | SHEARERS TL B | 22 | 52 | 30 | 136% |
| 5 | GI REVELATION TL B | 16 | 46 | 30 | 188% |
| 6 | BMC SOFTWARE TL | 58 | 88 | 30 | 52% |
| 7 | AHEAD TL B3 | 38 | 68 | 30 | 79% |
| 8 | SITEL LLC / SITEL FIN CORP TL B | 37 | 66 | 29 | 78% |
| 9 | ALL 3 MEDIA EUR TL B | 8 | 36 | 28 | 350% |
| 10 | WHATABURGER TL B | 36 | 64 | 28 | 78% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/27/24-1/3/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | GOLDEN NUGGET INC TL B | 19 |
| 2 | TROPICANA TL | 19 |
| 3 | AMWINS TL B | 18 |
| 4 | CSC SERVICEWORKS INC TL | 18 |
| 5 | SITEL LLC / SITEL FIN CORP TL B | 18 |
| 6 | WHITE CAP BUYER LLC TL B | 18 |
| 7 | BMC SOFTWARE TL | 18 |
| 8 | HUB INTL LTD TL B | 18 |
| 9 | ZIGGO EUR TL H | 17 |
| 10 | TENNECO TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/27/24-1/3/25
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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