Syndicated Bank Loan Market Summary – Week Ending 1/17/25
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Syndicated Bank Loan Market Summary: Week Ending 1/17/25
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 1/17/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Mavis Tire Supply LLC | 2476 | Term Loan | 5/4/2028 | S+300 |
| Belfor Holdings Inc | 250 | Term Loan | 11/2/2030 | E+375 |
forward calendar
Forward calendar during the week ending 1/17/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Amwins Group Inc. | $4.135B | GS | Q1 2025 |
| Townsquare Media Inc. | $460MM TL | BofA | Q1 2025 |
| Pushpay USA Inc. | $410MM TL | JEFF | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/10/25-1/17/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | 0.07% | 93.38 | 93.32 | 11 |
| 2 | 5,098 | HUB INTL LTD TL B | -0.38% | 100.36 | 100.74 | 19 |
| 3 | 4,750 | ZAYO TL | 0.43% | 94.75 | 94.35 | 15 |
| 4 | 4,741 | INTERNET BRANDS TL B | 0.00% | 100.00 | 100.00 | 11 |
| 5 | 4,525 | TRANSDIGM INC. TL I | 0.02% | 100.47 | 100.45 | 16 |
| 6 | 4,226 | INSPIRE BRANDS TL B | 0.00% | 100.37 | 100.37 | 14 |
| 7 | 4,204 | JANE STREET TL B | 0.03% | 99.97 | 99.93 | 14 |
| 8 | 4,001 | CITADEL TL B | 0.02% | 100.48 | 100.46 | 13 |
| 9 | 3,935 | SS&C TECH TL B8 | 0.00% | 100.26 | 100.26 | 17 |
| 10 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.00% | 100.27 | 100.28 | 17 |
| 11 | 3,859 | ALLIANT HLDGS I INC TL B | 0.01% | 100.40 | 100.39 | 18 |
| 12 | 3,640 | TRANSDIGM INC. TL J | 0.02% | 100.41 | 100.39 | 16 |
| 13 | 3,573 | CDK GLOBAL TL B | 0.04% | 99.03 | 98.98 | 15 |
| 14 | 3,500 | AMERICAN AIRLINES TL B | -0.02% | 102.46 | 102.48 | 14 |
| 15 | 3,420 | RCN GRANDE TL | 0.82% | 90.15 | 89.41 | 10 |
| 16 | 3,380 | SOLERA TL B | -0.07% | 100.17 | 100.25 | 18 |
| 17 | 3,340 | PROOFPOINT TL B | 0.31% | 100.54 | 100.23 | 13 |
| 18 | 3,250 | CORELOGIC TL B | 0.00% | 99.43 | 99.43 | 10 |
| 19 | 3,236 | PAREXEL INTERNATIONAL TL B | 0.04% | 100.38 | 100.34 | 12 |
| 20 | 3,100 | ASURION TL B8 | -0.07% | 99.91 | 99.98 | 10 |
| AVERAGE | 3,991 | 0.06% | 99.16 | 101.76 | 14.2 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/10/25-1/17/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | TROPICANA TL | 6.32% | 72.74 | 68.42 | 16 |
| 2 | LABEYRIE EUR TL B | 5.30% | 87.76 | 83.34 | 14 |
| 3 | ELECTRONICS FOR IMAGING TL | 5.08% | 86.06 | 81.90 | 12 |
| 4 | TELESAT TL B5 | 4.42% | 57.15 | 54.73 | 9 |
| 5 | CISION EUR TL | 2.51% | 57.49 | 56.08 | 10 |
| 6 | ALTICE FINANCING TL B | 2.28% | 85.21 | 83.31 | 12 |
| 7 | HELP SYSTEMS TL | 2.00% | 88.19 | 86.46 | 11 |
| 8 | POULT EUR TL B | 1.78% | 97.13 | 95.43 | 13 |
| 9 | COLISEE PATRIMOINE EUR TL B | 1.76% | 94.22 | 92.59 | 14 |
| 10 | SHUTTERFLY 2ND LIEN TL | 1.42% | 89.18 | 87.93 | 7 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/10/25-1/17/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | BARRACUDA TL | -6.74% | 85.70 | 91.89 | 15 |
| 2 | MODIVCARE INC TL B | -4.33% | 86.26 | 90.16 | 9 |
| 3 | ACPRODUCTS TL B | -2.86% | 76.16 | 78.40 | 10 |
| 4 | TRINSEO TL B | -2.74% | 60.39 | 62.09 | 9 |
| 5 | VERIZON TL B1 | -2.27% | 95.15 | 97.36 | 6 |
| 6 | INTERIOR LOGIC TL B | -2.22% | 85.71 | 87.66 | 13 |
| 7 | PODS TL B | -2.03% | 91.01 | 92.90 | 11 |
| 8 | NEP PIK TL B | -1.84% | 88.97 | 90.63 | 14 |
| 9 | CARDENAS MARKETS TL B | -1.83% | 92.64 | 94.37 | 9 |
| 10 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | -1.72% | 92.62 | 94.25 | 16 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/10/25-1/17/25 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 1/10/25-1/17/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/10/25 vs. the week ending 1/17/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | OLYMPUS WATER TL B | 10 | 90 | 80 | 800% |
| 2 | USI HOLDINGS TL B | 40 | 96 | 56 | 140% |
| 3 | FONCIA GROUPE EUR TL B | 39 | 72 | 33 | 85% |
| 4 | TRAVELPORT TL B | 62 | 86 | 24 | 39% |
| 5 | B&B HOTELS EUR TL B5 | 52 | 76 | 24 | 46% |
| 6 | HERENS HOLDCO SARL EUR TL B | 36 | 59 | 23 | 64% |
| 7 | CERAMTEC EUR TL B | 64 | 87 | 23 | 36% |
| 8 | ALBION ACQUISITIONS LTD EUR TL B | 23 | 46 | 23 | 100% |
| 9 | RCS CAPITAL TL B | 82 | 104 | 22 | 27% |
| 10 | SABRE INDUSTRIES TL B | 36 | 58 | 22 | 61% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/10/25-1/17/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | GOLDEN NUGGET INC TL B | 19 |
| 2 | AMWINS TL B | 19 |
| 3 | WHITE CAP BUYER LLC TL B | 19 |
| 4 | BMC SOFTWARE TL | 19 |
| 5 | HUB INTL LTD TL B | 19 |
| 6 | ROCKET SOFTWARE TL B | 18 |
| 7 | ALLIANT HLDGS I INC TL B | 18 |
| 8 | SOLERA TL B | 18 |
| 9 | TRANSDIGM INC. TL K | 18 |
| 10 | FRONERI TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/10/25-1/17/25
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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