Syndicated Bank Loan Market Summary – Week Ending 3/7/25
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Syndicated Bank Loan Market Summary: Week Ending 3/7/25
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 3/7/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Vertical Midco GmbH | 500 | Term Loan | 4/11/2030 | S+350 |
forward calendar
Forward calendar during the week ending 3/7/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Energizer Holdings Inc. | $760MM TLB (Ba1/BB) | JPM | Q1 2024 |
| Avient Corp | $721MM TLB-8 | Q1 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 2/28/25-3/7/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE TL | -0.13% | 99.96 | 100.10 | 11 |
| 2 | 6,145 | MAGNOLIA TL | 0.18% | 90.43 | 90.27 | 11 |
| 3 | 4,750 | ZAYO TL | -0.41% | 95.04 | 95.43 | 13 |
| 4 | 4,741 | INTERNET BRANDS TL B | -0.71% | 97.06 | 97.75 | 13 |
| 5 | 4,525 | TRANSDIGM INC. TL I | -0.16% | 100.00 | 100.16 | 16 |
| 6 | 4,479 | TIBCO TL B | -0.43% | 99.81 | 100.23 | 13 |
| 7 | 4,226 | INSPIRE BRANDS TL B | -0.15% | 99.72 | 99.86 | 14 |
| 8 | 4,204 | JANE STREET TL B | -0.26% | 98.44 | 98.70 | 15 |
| 9 | 4,001 | CITADEL TL B | -0.12% | 100.00 | 100.13 | 12 |
| 10 | 3,935 | SS&C TECH TL B8 | -0.19% | 99.97 | 100.16 | 18 |
| 11 | 3,859 | ALLIANT HLDGS I INC TL B | -0.16% | 99.65 | 99.81 | 21 |
| 12 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.07% | 100.00 | 100.07 | 14 |
| 13 | 3,642 | MASMOVIL IBERCOM SA EUR TL B3 | -0.07% | 100.00 | 100.07 | 14 |
| 14 | 3,640 | TRANSDIGM INC. TL J | -0.13% | 99.88 | 100.01 | 19 |
| 15 | 3,640 | TRANSDIGM INC. TL J | -0.13% | 99.88 | 100.01 | 19 |
| 16 | 3,573 | CDK GLOBAL TL B | -1.70% | 89.61 | 91.15 | 16 |
| 17 | 3,500 | AMERICAN AIRLINES TL B | -0.24% | 101.77 | 102.01 | 12 |
| 18 | 3,393 | GENESYS TELECOM TL B | -0.18% | 99.34 | 99.52 | 10 |
| 19 | 3,380 | SOLERA TL B | -0.51% | 99.18 | 99.69 | 15 |
| 20 | 3,340 | PROOFPOINT TL B | -0.27% | 99.96 | 100.22 | 14 |
| AVERAGE | 4,212 | -0.29% | 98.48 | 99.52 | 14.5 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 2/28/25-3/7/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | CPM HOLDINGS TL B | 3.28% | 98.03 | 94.91 | 8 |
| 2 | LUMEN TECHNOLOGIES TL B2 | 2.64% | 96.41 | 93.93 | 7 |
| 3 | NUMERICABLE TL B12 | 2.45% | 88.73 | 86.61 | 8 |
| 4 | RESOURCE LABEL GROUP TL | 2.26% | 92.33 | 90.29 | 10 |
| 5 | TEAM HEALTH EXT TL B | 0.96% | 98.56 | 97.62 | 11 |
| 6 | VIASAT INC TL B | 0.95% | 92.27 | 91.40 | 11 |
| 7 | PLZ AEROSCIENCE TL B | 0.79% | 96.07 | 95.31 | 8 |
| 8 | GRAY TELEVISION TL B | 0.52% | 95.09 | 94.60 | 12 |
| 9 | DIGICERT TL | 0.33% | 97.20 | 96.88 | 12 |
| 10 | ASSUREDPARTNERS TL B5 | 0.25% | 100.22 | 99.98 | 12 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 2/28/25-3/7/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | BARRACUDA 2ND LIEN TL | -8.23% | 68.80 | 74.97 | 7 |
| 2 | LIBERTY LATIN AMERICA TL B | -7.57% | 81.91 | 88.62 | 8 |
| 3 | MEDICAL SOLUTIONS TL | -5.94% | 63.67 | 67.69 | 12 |
| 4 | MAGNOLIA 2ND LIEN TL | -4.87% | 76.28 | 80.19 | 9 |
| 5 | SITEL LLC / SITEL FIN CORP EUR TL B | -4.66% | 64.31 | 67.45 | 12 |
| 6 | COLISEE PATRIMOINE EUR TL B | -4.55% | 90.41 | 94.72 | 15 |
| 7 | MICHAELS STORES TL | -3.75% | 77.93 | 80.96 | 9 |
| 8 | MULTI-COLOR TL B | -3.60% | 89.10 | 92.43 | 16 |
| 9 | RACKSPACE HOSTING TL B | -3.46% | 55.00 | 56.97 | 13 |
| 10 | PLY GEM TL B | -2.50% | 91.61 | 93.95 | 10 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 2/28/25-3/7/25 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 2/28/25-3/7/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 2/28/25 vs. the week ending 3/7/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SIGNATURE AVIATION TL B | 46 | 92 | 46 | 100% |
| 2 | BUCKEYE TL B | 34 | 74 | 40 | 118% |
| 3 | IMG WORLDWIDE TL B | 2 | 34 | 32 | 1600% |
| 4 | GENUINE FINANCIAL TL B | 30 | 56 | 26 | 87% |
| 5 | EMERALD EXPOSITIONS TL B | 2 | 28 | 26 | 1300% |
| 6 | BMC SOFTWARE EUR TL B | 20 | 44 | 24 | 120% |
| 7 | APPLIED SYSTEMS TL B | 58 | 80 | 22 | 38% |
| 8 | MOTUS GROUP TL | 10 | 32 | 22 | 220% |
| 9 | SIGMA BIDCO TL B10 | 18 | 40 | 22 | 122% |
| 10 | FOCUS FINANCIAL TL B | 32 | 52 | 20 | 63% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 2/28/25-3/7/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | ALLIANT HLDGS I INC TL B | 22 |
| 2 | WHITE CAP BUYER LLC TL B | 20 |
| 3 | TRANSDIGM INC. TL J | 19 |
| 4 | BMC SOFTWARE TL B | 18 |
| 5 | GOLDEN NUGGET INC TL B | 18 |
| 6 | TRANSDIGM INC. TL K | 18 |
| 7 | SS&C TECH TL B8 | 18 |
| 8 | GO DADDY TL B | 18 |
| 9 | HUB INTL LTD TL B | 18 |
| 10 | AMWINS TL B | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 2/28/25-3/7/25
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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