Syndicated Bank Loan Market Summary – Week Ending 2/21/25
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Syndicated Bank Loan Market Summary: Week Ending 2/21/25
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 2/21/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
forward calendar
Forward calendar during the week ending 2/21/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Draftkings Inc. | $500MM TLB | MS | Q1 2025 |
| Knife River Corp. | $500MM TLB | Q1 2025 | |
| W.R. Grace & Co. | $1.213B TLB | JPM | Q1 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 2/14/25-2/21/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | -0.45% | 91.14 | 91.55 | 13 |
| 2 | 4,750 | ZAYO TL | -0.10% | 95.75 | 95.85 | 15 |
| 3 | 4,741 | INTERNET BRANDS TL B | -0.34% | 98.00 | 98.34 | 14 |
| 4 | 4,525 | TRANSDIGM INC. TL I | -0.01% | 100.26 | 100.27 | 18 |
| 5 | 4,260 | NUMERICABLE TL B14 | 0.65% | 85.72 | 85.17 | 10 |
| 6 | 3,935 | SS&C TECH TL B8 | 0.02% | 100.21 | 100.20 | 18 |
| 7 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.02% | 100.04 | 100.02 | 15 |
| 8 | 3,859 | ALLIANT HLDGS I INC TL B | -0.13% | 99.87 | 100.00 | 23 |
| 9 | 3,859 | ALLIANT HLDGS I INC TL B | -0.13% | 99.87 | 100.00 | 23 |
| 10 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.34% | 99.97 | 100.32 | 14 |
| 11 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.34% | 99.97 | 100.32 | 14 |
| 12 | 3,640 | TRANSDIGM INC. TL J | 0.06% | 100.11 | 100.05 | 20 |
| 13 | 3,640 | TRANSDIGM INC. TL J | 0.06% | 100.11 | 100.05 | 20 |
| 14 | 3,573 | CDK GLOBAL TL B | -1.65% | 91.79 | 93.34 | 18 |
| 15 | 3,500 | AMERICAN AIRLINES TL B | -0.01% | 102.35 | 102.37 | 14 |
| 16 | 3,380 | SOLERA TL B | -0.03% | 99.86 | 99.89 | 17 |
| 17 | 3,340 | PROOFPOINT TL B | -0.10% | 100.29 | 100.39 | 16 |
| 18 | 3,250 | CORELOGIC TL B | -0.02% | 99.58 | 99.60 | 12 |
| 19 | 3,100 | ASURION TL B8 | -0.03% | 99.85 | 99.88 | 10 |
| 20 | 3,000 | DELTA SKYMILES TL B | -0.11% | 101.37 | 101.49 | 13 |
| AVERAGE | 3,884 | -0.15% | 98.31 | 100.42 | 15.9 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 2/14/25-2/21/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | TROPICANA TL | 4.56% | 60.37 | 57.74 | 18 |
| 2 | CSC SERVICEWORKS INC TL | 2.16% | 86.65 | 84.82 | 17 |
| 3 | GRANITE ACQUISITION TL B | 2.11% | 98.05 | 96.02 | 16 |
| 4 | NOVAFR EUR TL B | 1.85% | 86.38 | 84.80 | 15 |
| 5 | RACKSPACE HOSTING TL B | 1.69% | 59.17 | 58.18 | 13 |
| 6 | UPSTREAM REHABILITATION TL | 1.48% | 87.25 | 85.98 | 12 |
| 7 | BABILOU EUR TL B | 1.47% | 95.91 | 94.52 | 14 |
| 8 | HELP SYSTEMS TL | 1.31% | 91.03 | 89.85 | 13 |
| 9 | HERBALIFE TL B | 1.07% | 99.41 | 98.36 | 12 |
| 10 | IHEART TL | 0.98% | 88.47 | 87.62 | 11 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 2/14/25-2/21/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LIBERTY LATIN AMERICA TL B | -3.63% | 88.85 | 92.20 | 8 |
| 2 | PODS TL B | -3.26% | 87.33 | 90.28 | 12 |
| 3 | SITEL LLC / SITEL FIN CORP TL B | -3.10% | 65.39 | 67.48 | 16 |
| 4 | AMERICAN TRAILER WORLD TL | -2.39% | 85.17 | 87.26 | 15 |
| 5 | CDK GLOBAL TL B | -1.65% | 91.79 | 93.34 | 18 |
| 6 | CORNERSTONE BUILDING BRANDS TL | -1.61% | 93.35 | 94.89 | 12 |
| 7 | PETCO TL B | -1.54% | 93.11 | 94.57 | 16 |
| 8 | PLY GEM TL B | -1.51% | 94.79 | 96.24 | 10 |
| 9 | ACPRODUCTS TL B | -1.33% | 75.47 | 76.48 | 11 |
| 10 | AMERICAN BATH TL | -1.19% | 94.83 | 95.97 | 13 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/14/25-2/21/25 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 2/14/25-2/21/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/14/25 vs. the week ending 2/21/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | AHEAD TL B | 29 | 71 | 42 | 145% |
| 2 | KAMAN DISTRIBUTION TL B | 14 | 44 | 30 | 214% |
| 3 | SOVOS COMPLIANCE TL | 16 | 38 | 22 | 138% |
| 4 | QUIKRETE TL B1 | 24 | 44 | 20 | 83% |
| 5 | SPENCER SPIRIT TL B | 22 | 42 | 20 | 91% |
| 6 | CHOBANI TL B | 18 | 38 | 20 | 111% |
| 7 | PLAYCORE TL B | 20 | 36 | 16 | 80% |
| 8 | CCC INFO SERVICES TL B | 14 | 30 | 16 | 114% |
| 9 | CARROLL CNTY TR CO CARROLLTON TL B | 10 | 26 | 16 | 160% |
| 10 | HILTON GRAND VACATIONS INC. TL B | 24 | 40 | 16 | 67% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/14/25-2/21/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC TL B | 23 |
| 2 | TRANSDIGM INC. TL K | 20 |
| 3 | WHITE CAP BUYER LLC TL B | 20 |
| 4 | GOLDEN NUGGET INC TL B | 20 |
| 5 | TRANSDIGM INC. TL J | 20 |
| 6 | DAVITA TL B | 20 |
| 7 | HUB INTL LTD TL B | 19 |
| 8 | FRONERI TL B | 19 |
| 9 | BROADSTREET PARTNERS TL B4 | 19 |
| 10 | GO DADDY TL B | 19 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/14/25-2/21/25
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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