Syndicated Bank Loans

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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

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