Syndicated Bank Loans

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Syndicated Bank Loan Market Summary:
Week Ending 1/24/25

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 1/24/25

 

ISSUER AMOUNT (MM) LOAN TYPE MATURITY RATE
Citco Group LTD 1190 Term Loan 4/27/2028 S+275
AAL Delaware Holdco Inc 773 Term Loan 7/31/2031 S+275

forward calendar

Forward calendar during the week ending 1/24/25

 

 

Issuer Deal Information Banks Expected Issue Date
Clearwater Analytics $200MM RC; $800MM TLB JPM Q1 2025
Townsquare Media Inc.  $460MM TL BofA Q1 2025
Vistage Worldwide Inc.  $612.5MM TL GLB Q1 2025

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/17/25-1/24/25

 

 

 

 

RANK SIZE (MM) NAME CHANGE PRC PRC-1W DEALERS
1 6,145 MAGNOLIA TL 0.57% 93.91 93.38 13
2 5,098 HUB INTL LTD TL B 0.02% 100.39 100.36 19
3 4,750 ZAYO TL 1.19% 95.88 94.75 15
4 4,741 INTERNET BRANDS TL B -0.02% 99.98 100.00 11
5 4,525 TRANSDIGM INC. TL I 0.01% 100.49 100.47 16
6 4,226 INSPIRE BRANDS TL B -0.03% 100.33 100.37 14
7 4,204 JANE STREET TL B -0.06% 99.91 99.97 15
8 4,001 CITADEL TL B 0.04% 100.52 100.48 13
9 3,935 SS&C TECH TL B8 0.00% 100.26 100.26 17
10 3,900 DIRECTV HLDGS LLC / DIRECTV TL -0.09% 100.19 100.27 17
11 3,859 ALLIANT HLDGS I INC TL B 0.02% 100.42 100.40 19
12 3,640 TRANSDIGM INC. TL J -0.02% 100.39 100.41 16
13 3,573 CDK GLOBAL TL B 0.11% 99.14 99.03 15
14 3,500 AMERICAN AIRLINES TL B 0.00% 102.46 102.46 15
15 3,420 RCN GRANDE TL 0.61% 90.69 90.15 11
16 3,380 SOLERA TL B 0.01% 100.18 100.17 18
17 3,340 PROOFPOINT TL B 0.12% 100.66 100.54 13
18 3,250 CORELOGIC TL B 0.22% 99.65 99.43 10
19 3,236 PAREXEL INTERNATIONAL TL B 0.05% 100.43 100.38 12
20 3,100 ASURION TL B8 0.03% 99.94 99.91 10
AVERAGE 3,991   0.14% 99.29 101.75 14.5

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 1/17/25-1/24/25

 

 

 

 

RANK NAME CHANGE PRC PRC-1W DEALERS
1 RACKSPACE HOSTING TL B 4.76% 57.54 54.92 10
2 TELESAT TL B5 4.06% 59.47 57.15 10
3 INNOVATIVE XCESSORIES TL 2.87% 98.88 96.12 13
4 NUMERICABLE TL B13 2.85% 84.65 82.31 9
5 MAGNOLIA 2ND LIEN TL 2.74% 83.87 81.64 9
6 CONSTANT CONTACT TL B 2.46% 90.39 88.22 11
7 ALTICE FINANCING TL B 1.90% 86.83 85.21 12
8 LOGMEIN TL 1.87% 93.57 91.85 8
9 TRAVELPORT TL B 1.71% 94.04 92.46 14
10 VIASAT INC TL B 1.50% 90.49 89.15 14

Bottom 10 Perfromers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/17/25-1/24/25

 

 

 

 

RANK NAME CHANGE PRC PRC-1W DEALERS
1 CHEPLAPHARM ARZNEIMITTEL EUR TL B -3.43% 89.45 92.62 16
2 CARDENAS MARKETS TL B -3.20% 89.68 92.64 11
3 CAST & CREW TL B -1.47% 93.25 94.64 7
4 APPLIED SYSTEMS 2ND LIEN TL -1.35% 101.27 102.66 9
5 AVAGO TL -1.04% 94.71 95.70 8
6 IHEART TL -0.90% 89.09 89.90 10
7 CPM HOLDINGS TL B -0.73% 94.21 94.90 8
8 FOCUS FINANCIAL TL B8 -0.65% 100.36 101.01 10
9 ASCEND LEARNING TL B -0.64% 100.03 100.67 11
10 INEOS FIN TL B -0.55% 99.94 100.49 10

Avg Bid PX by Sector

Displays the average loan bid price by sector between 1/17/25-1/24/25

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 1/17/25-1/24/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 1/17/25 vs. the week ending 1/24/25

 

 

 

 

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BUCKEYE TL B 30 88 58 193%
2 MADISON IAQ TL B 2 54 52 2600%
3 PQ CORP TL B 19 58 39 205%
4 CORNERSTONE TL B 11 48 37 336%
5 VERTEX AEROSPACE TL B 32 58 26 81%
6 COHERENT INC TL B 20 46 26 130%
7 COVANTA HOLDING CORP TL B 16 36 20 125%
8 GENERAL ELECTRIC DISTRIBUTED POWER EUR TL B 24 42 18 75%
9 EPICOR SOFTWARE TL B 80 98 18 23%
10 CARNIVAL PLC TL B 6 24 18 300%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 1/17/25-1/24/25

 

 

 

 

RANK TRANCHE DEALERS
1 GOLDEN NUGGET INC TL B 19
2 AMWINS TL B 19
3 TENNECO TL B 19
4 ALLIANT HLDGS I INC TL B 19
5 WHITE CAP BUYER LLC TL B 19
6 BMC SOFTWARE TL 19
7 HUB INTL LTD TL B 19
8 GO DADDY TL B 18
9 CSC SERVICEWORKS INC TL 18
10 SOLERA TL B 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 1/17/25-1/24/25

Sector Bid-Offer Spread

Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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