Syndicated Bank Loan Market Summary – Week Ending 2/14/25
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Syndicated Bank Loan Market Summary: Week Ending 2/14/25
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 2/14/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Sovos Compliance | 1471 | Term Loan | 8/11/2029 | S+400 |
| Fitness International LLC | 3100 | Term Loan | 3/31/2028 | S+225 |
forward calendar
Forward calendar during the week ending 2/14/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Bending Spoons | $600MM TLB (B2/B+) | JPM,BNP,WF,MIZ | Q1 2025 |
| Jump Financial | $650MM TLB (Ba2/BB-) | JPM | Q1 2025 |
| SRAM L:LC | $600MM TLB (B1/BB-) | JPM | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 2/7/25-2/14/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | -0.67% | 91.55 | 92.16 | 13 |
| 2 | 5,098 | HUB INTL LTD TL B | -0.15% | 100.13 | 100.27 | 15 |
| 3 | 4,750 | ZAYO TL | -0.01% | 95.85 | 95.85 | 16 |
| 4 | 4,741 | INTERNET BRANDS TL B | 0.35% | 98.34 | 97.99 | 13 |
| 5 | 4,525 | TRANSDIGM INC. TL I | -0.10% | 100.27 | 100.37 | 18 |
| 6 | 4,479 | TIBCO TL B | -0.06% | 100.56 | 100.62 | 15 |
| 7 | 4,260 | NUMERICABLE TL B14 | 0.72% | 85.17 | 84.56 | 10 |
| 8 | 4,226 | INSPIRE BRANDS TL B | -0.02% | 100.15 | 100.18 | 15 |
| 9 | 4,204 | JANE STREET TL B | -0.07% | 99.48 | 99.54 | 17 |
| 10 | 4,001 | CITADEL TL B | -0.02% | 100.37 | 100.39 | 14 |
| 11 | 3,935 | SS&C TECH TL B8 | -0.04% | 100.20 | 100.23 | 18 |
| 12 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.01% | 100.02 | 100.02 | 15 |
| 13 | 3,859 | ALLIANT HLDGS I INC TL B | -0.07% | 100.00 | 100.07 | 23 |
| 14 | 3,859 | ALLIANT HLDGS I INC TL B | -0.07% | 100.00 | 100.07 | 23 |
| 15 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.20% | 100.32 | 100.52 | 14 |
| 16 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.20% | 100.32 | 100.52 | 14 |
| 17 | 3,640 | TRANSDIGM INC. TL J | -0.15% | 100.05 | 100.20 | 19 |
| 18 | 3,640 | TRANSDIGM INC. TL J | -0.15% | 100.05 | 100.20 | 19 |
| 19 | 3,640 | TRANSDIGM INC. TL J | -0.15% | 100.05 | 100.20 | 19 |
| 20 | 3,640 | TRANSDIGM INC. TL J | -0.15% | 100.05 | 100.20 | 19 |
| AVERAGE | 4,191 | -0.06% | 98.64 | 93.54 | 16.5 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 2/7/25-2/14/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | BLOUNT TL B | 9.02% | 61.32 | 56.25 | 13 |
| 2 | KLOECKNER EUR TL B | 3.90% | 93.05 | 89.56 | 13 |
| 3 | CAST & CREW TL B | 2.56% | 96.82 | 94.40 | 8 |
| 4 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | 2.44% | 93.04 | 90.82 | 15 |
| 5 | WORLDLINE EUR TL | 2.22% | 65.47 | 64.05 | 14 |
| 6 | BABILOU EUR TL B | 2.00% | 94.52 | 92.67 | 15 |
| 7 | EKATERRA EUR TL B | 2.00% | 95.52 | 93.64 | 8 |
| 8 | FONCIA GROUPE EUR TL B | 1.83% | 94.11 | 92.42 | 15 |
| 9 | SHUTTERFLY 2ND LIEN TL | 1.82% | 90.03 | 88.42 | 7 |
| 10 | BELLIS ACQUISITION CO PLC EUR TL B | 1.79% | 96.96 | 95.25 | 16 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 2/7/25-2/14/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | TROPICANA TL | -10.72% | 57.74 | 64.67 | 19 |
| 2 | ASCEND PERFORMANCE MATERIALS TL B | -3.78% | 69.60 | 72.34 | 15 |
| 3 | NUMERICABLE TL B11 | -3.53% | 88.21 | 91.44 | 10 |
| 4 | LESLIE’S POOLMART TL B | -3.20% | 87.03 | 89.90 | 16 |
| 5 | SELECT STAFFING TL B | -3.00% | 58.50 | 60.31 | 12 |
| 6 | NEW FORTRESS ENERGY TL B | -2.89% | 94.17 | 96.97 | 12 |
| 7 | HERTZ EXIT TL B | -2.56% | 87.70 | 90.00 | 11 |
| 8 | SITEL LLC / SITEL FIN CORP TL B | -2.20% | 67.48 | 69.00 | 17 |
| 9 | ALTICE FINANCING TL B | -1.98% | 85.32 | 87.04 | 11 |
| 10 | KIK CUSTOM TL B | -1.73% | 91.16 | 92.77 | 11 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/7/25-2/14/25 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 2/7/25-2/14/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/7/25 vs. the week ending 2/14/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | CALIBER COLLISION TL B | 45 | 102 | 57 | 127% |
| 2 | BOMBARDIER RECREATIONAL TL B | 0 | 54 | 54 | NA |
| 3 | INTERNET BRANDS TL B | 40 | 87 | 47 | 118% |
| 4 | HILTON GRAND VACATIONS BORROWER TL B | 2 | 42 | 40 | 2000% |
| 5 | MADISON IAQ TL B | 52 | 90 | 38 | 73% |
| 6 | WEIGHT WATCHERS TL B | 6 | 42 | 36 | 600% |
| 7 | FREEPORT LNG TL B | 24 | 60 | 36 | 150% |
| 8 | ORYX SOUTHERN TL B | 32 | 66 | 34 | 106% |
| 9 | GENTIVA HEALTH TL B | 42 | 72 | 30 | 71% |
| 10 | OLAPLEX TL B | 44 | 74 | 30 | 68% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/7/25-2/14/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC TL B | 23 |
| 2 | WHITE CAP BUYER LLC TL B | 20 |
| 3 | TRANSDIGM INC. TL K | 20 |
| 4 | GOLDEN NUGGET INC TL B | 20 |
| 5 | TROPICANA TL | 19 |
| 6 | TRANSDIGM INC. TL J | 19 |
| 7 | FRONERI TL B | 19 |
| 8 | BROADSTREET PARTNERS TL B4 | 19 |
| 9 | BMC SOFTWARE TL | 19 |
| 10 | GO DADDY TL B | 19 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/7/25-2/14/25
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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