Syndicated Bank Loan Market Summary – Week Ending 2/7/25
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Syndicated Bank Loan Market Summary: Week Ending 2/7/25
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 2/7/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Global Business Travel | 1400 | Term Loan | 7/25/2031 | S+250 |
| Arsenal AIC Parent LLC | 1407 | Term Loan | 8/18/2030 | S+275 |
| 1-800 Contacts Inc. | 1503 | Term Loan | 11/8/2027 | S+250 |
forward calendar
Forward calendar during the week ending 2/7/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| API Group Corp. | $2.157B TLB | BofA | Q1 2025 |
| Dayforce Inc. | $647MM TLB | JPM | Q1 2025 |
| Tecta America Corp. | $1.265MM TLB (B2/B) | WF,RBC,TRS,DB,JEFF | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/31/25-2/7/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | -0.43% | 93.51 | 93.91 | 14 |
| 2 | 5,098 | HUB INTL LTD TL B | -0.01% | 100.38 | 100.39 | 19 |
| 3 | 4,750 | ZAYO TL | 0.20% | 96.07 | 95.88 | 16 |
| 4 | 4,741 | INTERNET BRANDS TL B | -0.91% | 99.07 | 99.98 | 12 |
| 5 | 4,525 | TRANSDIGM INC. TL I | -0.03% | 100.45 | 100.49 | 17 |
| 6 | 4,479 | TIBCO TL B | -0.02% | 100.66 | 100.68 | 14 |
| 7 | 4,226 | INSPIRE BRANDS TL B | -0.03% | 100.30 | 100.33 | 15 |
| 8 | 4,204 | JANE STREET TL B | -0.05% | 99.86 | 99.91 | 16 |
| 9 | 4,001 | CITADEL TL B | 0.06% | 100.58 | 100.52 | 14 |
| 10 | 3,935 | SS&C TECH TL B8 | 0.01% | 100.27 | 100.26 | 18 |
| 11 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.14% | 100.04 | 100.19 | 15 |
| 12 | 3,859 | ALLIANT HLDGS I INC TL B | -0.12% | 100.30 | 100.42 | 21 |
| 13 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | 0.19% | 100.49 | 100.30 | 14 |
| 14 | 3,640 | TRANSDIGM INC. TL J | -0.02% | 100.38 | 100.39 | 18 |
| 15 | 3,573 | CDK GLOBAL TL B | -3.82% | 95.35 | 99.14 | 17 |
| 16 | 3,500 | AMERICAN AIRLINES TL B | -0.10% | 102.36 | 102.46 | 15 |
| 17 | 3,420 | RCN GRANDE TL | -1.67% | 89.18 | 90.69 | 11 |
| 18 | 3,380 | SOLERA TL B | -0.09% | 100.09 | 100.18 | 18 |
| 19 | 3,350 | THE NIELSEN COMPANY B.V. TL B | -3.35% | 83.86 | 86.76 | 11 |
| 20 | 3,340 | PROOFPOINT TL B | -0.09% | 100.57 | 100.66 | 16 |
| AVERAGE | 4,085 | -0.52% | 98.19 | 99.65 | 15.6 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/31/25-2/7/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | THE NIELSEN COMPANY B.V. TL B | 5.89% | 88.96 | 84.01 | 5 |
| 2 | FONCIA GROUPE EUR TL B | 3.70% | 92.42 | 89.12 | 15 |
| 3 | NUMERICABLE TL B12 | 1.73% | 85.48 | 84.03 | 7 |
| 4 | SUMMIT BEHAVIORAL HEALTHCARE TL B | 1.32% | 90.83 | 89.64 | 8 |
| 5 | CSC SERVICEWORKS INC TL | 1.19% | 84.42 | 83.43 | 18 |
| 6 | CONSTANT CONTACT TL B | 1.15% | 92.62 | 91.56 | 9 |
| 7 | ANASTASIA BEVERLY HILLS TL B | 1.02% | 81.63 | 80.80 | 11 |
| 8 | CERBA HEALTHCARE EUR TL C | 0.88% | 91.27 | 90.47 | 15 |
| 9 | FLEETPRIDE TL B | 0.71% | 93.42 | 92.77 | 9 |
| 10 | HOUSE OF HR EUR TL B | 0.70% | 97.73 | 97.05 | 10 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/31/25-2/7/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | TROPICANA TL | -11.81% | 64.67 | 73.33 | 18 |
| 2 | LESLIE’S POOLMART TL B | -5.13% | 89.90 | 94.76 | 16 |
| 3 | CARDENAS MARKETS TL B | -3.86% | 85.16 | 88.58 | 12 |
| 4 | ATNAHS PHARMA UK LTD EUR TL B | -3.18% | 95.94 | 99.10 | 12 |
| 5 | OWENS & MINOR DISTRIBUTION TL B | -2.70% | 98.21 | 100.93 | 5 |
| 6 | NEW FORTRESS ENERGY TL B | -2.48% | 96.97 | 99.44 | 12 |
| 7 | MEDICAL SOLUTIONS TL | -2.39% | 68.51 | 70.19 | 12 |
| 8 | ORBITER GROUP EUR TL B | -2.11% | 96.62 | 98.71 | 11 |
| 9 | MULTI-COLOR TL B | -1.91% | 91.80 | 93.59 | 16 |
| 10 | CDK GLOBAL TL B | -1.90% | 93.54 | 95.35 | 18 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/31/25-2/7/25 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 1/31/25-2/7/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/31/25 vs. the week ending 2/7/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SIGNATURE AVIATION TL B | 42 | 90 | 48 | 114% |
| 2 | INFOBLOX TL B | 60 | 101 | 41 | 68% |
| 3 | UTZ QUALITY FOODS TL B | 20 | 60 | 40 | 200% |
| 4 | AMWINS TL B | 78 | 112 | 34 | 44% |
| 5 | HILLMAN GROUP TL B | 34 | 62 | 28 | 82% |
| 6 | ADCO GLOBAL EUR TL B5 | 51 | 78 | 27 | 53% |
| 7 | SECTOR ALARM HOLDING EUR TL B | 12 | 38 | 26 | 217% |
| 8 | BOELS HOLDING EUR TL B3 | 18 | 44 | 26 | 144% |
| 9 | WELLS FARGO AM TL | 14 | 40 | 26 | 186% |
| 10 | WATERBRIDGE OPERATING TL B | 48 | 74 | 26 | 54% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/31/25-2/7/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC TL B | 22 |
| 2 | TRANSDIGM INC. TL K | 20 |
| 3 | WHITE CAP BUYER LLC TL B | 20 |
| 4 | GOLDEN NUGGET INC TL B | 20 |
| 5 | HUB INTL LTD TL B | 19 |
| 6 | AMWINS TL B | 19 |
| 7 | TRANSDIGM INC. TL J | 19 |
| 8 | BMC SOFTWARE TL | 19 |
| 9 | FRONERI TL B | 19 |
| 10 | GO DADDY TL B | 19 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/31/25-2/7/25
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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