Syndicated Bank Loan Market Summary – Week Ending 1/10/25
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Syndicated Bank Loan Market Summary: Week Ending 1/10/25
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 1/10/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Hightower Holding LLC | 1450 | Term Loan | 1/8/2032 |
forward calendar
Forward calendar during the week ending 1/10/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Acuren | $773MM TL | JEFF | Q1 2025 |
| Filtration Group Corp. | $2.132B TL | GS | Q1 2025 |
| Hillman Group Inc. | $643MM TL | JEFF | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/3/25-1/10/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | 0.23% | 93.32 | 93.10 | 11 |
| 2 | 5,098 | HUB INTL LTD TL B | 0.19% | 100.74 | 100.56 | 18 |
| 3 | 5,098 | HUB INTL LTD TL B | 0.19% | 100.74 | 100.56 | 18 |
| 4 | 4,750 | ZAYO TL | 0.90% | 94.35 | 93.50 | 16 |
| 5 | 4,741 | INTERNET BRANDS TL B | 0.03% | 100.00 | 99.97 | 14 |
| 6 | 4,525 | TRANSDIGM INC. TL I | 0.15% | 100.45 | 100.30 | 16 |
| 7 | 4,226 | INSPIRE BRANDS TL B | 0.21% | 100.37 | 100.16 | 14 |
| 8 | 4,204 | JANE STREET TL B | 0.22% | 99.93 | 99.71 | 14 |
| 9 | 4,204 | JANE STREET TL B | 0.22% | 99.93 | 99.71 | 14 |
| 10 | 4,001 | CITADEL TL B | 0.11% | 100.46 | 100.35 | 13 |
| 11 | 3,935 | SS&C TECH TL B8 | 0.03% | 100.26 | 100.23 | 16 |
| 12 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.06% | 100.28 | 100.22 | 15 |
| 13 | 3,859 | ALLIANT HLDGS I INC TL B | 0.16% | 100.39 | 100.22 | 17 |
| 14 | 3,859 | ALLIANT HLDGS I INC TL B | 0.16% | 100.39 | 100.22 | 17 |
| 15 | 3,640 | TRANSDIGM INC. TL J | 0.19% | 100.39 | 100.20 | 16 |
| 16 | 3,640 | TRANSDIGM INC. TL J | 0.19% | 100.39 | 100.20 | 16 |
| 17 | 3,573 | CDK GLOBAL TL B | 0.39% | 98.98 | 98.60 | 14 |
| 18 | 3,500 | AMERICAN AIRLINES TL B | -0.07% | 102.48 | 102.55 | 14 |
| 19 | 3,420 | RCN GRANDE TL | 2.31% | 89.41 | 87.39 | 12 |
| 20 | 3,380 | SOLERA TL B | 0.05% | 100.25 | 100.20 | 17 |
| AVERAGE | 4,185 | 0.30% | 99.18 | 100.47 | 15.1 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/3/25-1/10/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | ELECTRONICS FOR IMAGING TL | 5.02% | 81.90 | 77.98 | 11 |
| 2 | TROPICANA TL | 4.22% | 68.42 | 65.65 | 19 |
| 3 | TRICO PRODUCTS TL B | 3.09% | 97.16 | 94.25 | 7 |
| 4 | COLISEE PATRIMOINE EUR TL B | 3.02% | 92.59 | 89.88 | 14 |
| 5 | RCN GRANDE TL | 2.31% | 89.41 | 87.39 | 13 |
| 6 | INOVIE EUR TL B | 2.08% | 96.93 | 94.96 | 11 |
| 7 | COREL TL | 1.89% | 85.49 | 83.91 | 8 |
| 8 | CABLEVISION TL B5 | 1.47% | 93.64 | 92.29 | 11 |
| 9 | ZAYO TL | 1.36% | 95.03 | 93.75 | 15 |
| 10 | CONAIR HOLDINGS TL | 1.19% | 90.82 | 89.75 | 8 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/3/25-1/10/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | THE NIELSEN COMPANY B.V. TL A | -6.50% | 85.34 | 91.28 | 8 |
| 2 | TRINSEO TL B | -5.85% | 62.09 | 65.94 | 9 |
| 3 | MULTIPLAN TL B | -4.97% | 80.00 | 84.18 | 10 |
| 4 | MODIVCARE INC TL B | -3.90% | 90.16 | 93.82 | 7 |
| 5 | DIGICERT 2ND LIEN TL | -2.16% | 81.37 | 83.17 | 9 |
| 6 | ACPRODUCTS TL B | -2.11% | 78.40 | 80.09 | 11 |
| 7 | TELESAT TL B5 | -1.93% | 54.73 | 55.80 | 10 |
| 8 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | -1.77% | 94.25 | 95.95 | 16 |
| 9 | BELLIS ACQUISITION CO PLC EUR TL B | -1.71% | 95.82 | 97.48 | 16 |
| 10 | MICHAELS STORES TL | -1.51% | 79.08 | 80.30 | 16 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/3/25-1/10/25 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 1/3/25-1/10/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/3/25 vs. the week ending 1/10/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | BERLIN PACKAGING TL B | 40 | 124 | 84 | 210% |
| 2 | WESTINGHOUSE TL B | 44 | 126 | 82 | 186% |
| 3 | GATES GLOBAL TL B5 | 40 | 116 | 76 | 190% |
| 4 | WHITE CAP BUYER LLC TL B | 90 | 166 | 76 | 84% |
| 5 | ENTEGRIS TL B | 44 | 114 | 70 | 159% |
| 6 | NTL CABLE PLC TL B | 36 | 103 | 67 | 186% |
| 7 | GOLDEN NUGGET INC TL B | 96 | 162 | 66 | 69% |
| 8 | NRG ENERGY TL B | 16 | 80 | 64 | 400% |
| 9 | ELANCO ANIMAL HEALTH TL B | 86 | 150 | 64 | 74% |
| 10 | AMWINS TL B | 88 | 151 | 63 | 72% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/3/25-1/10/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | GOLDEN NUGGET INC TL B | 19 |
| 2 | AMWINS TL B | 19 |
| 3 | TROPICANA TL | 19 |
| 4 | WHITE CAP BUYER LLC TL B | 19 |
| 5 | BMC SOFTWARE TL | 19 |
| 6 | HUB INTL LTD TL B | 18 |
| 7 | SITEL LLC / SITEL FIN CORP TL B | 18 |
| 8 | CSC SERVICEWORKS INC TL | 18 |
| 9 | TENNECO TL B | 18 |
| 10 | TRANSDIGM INC. TL K | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/3/25-1/10/25
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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