Syndicated Bank Loans

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Syndicated Bank Loan Market Summary:
Week Ending 3/28/25

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 3/28/25

 

 

 

 

 

ISSUER AMOUNT (MM) LOAN TYPE MATURITY RATE
Jacobs Engineering Group Inc. 410 Term Loan 3/27/2027 SN+87.5
Dollar Tree Stores Inc. 1500 Revolving Credit 3/21/2030 S+112.5
Brookfield Properties Pty LTD 885 Term Loan 3/27/2030 S+275

forward calendar

Forward calendar during the week ending 3/28/25

 

 

 

 

 

 

 

 

 

 

Issuer Deal Information Banks Expected Issue Date
Chase Corp. $550MM credit facilities BMO,STD,NTXS,SC Q2 2025
Murphy Oil USA Inc. $600MM TLB (BBB-) RBC Q2 2025

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 3/21/25-3/28/25

 

 

 

 

 

 

 

 

 

 

 

 

RANK SIZE (MM) NAME CHANGE PRC PRC-1W DEALERS
1 7,631 MEDLINE TL -0.02% 99.88 99.90 14
2 6,145 MAGNOLIA TL -0.45% 89.22 89.62 13
3 4,750 ZAYO TL 0.15% 93.45 93.30 14
4 4,741 INTERNET BRANDS TL B 0.39% 94.44 94.08 13
5 4,525 TRANSDIGM INC. TL I 0.09% 100.01 99.92 17
6 4,479 TIBCO TL B 0.00% 99.23 99.23 13
7 4,226 INSPIRE BRANDS TL B 0.08% 99.48 99.39 15
8 4,204 JANE STREET TL B 0.20% 99.12 98.92 17
9 4,001 CITADEL TL B 0.05% 99.98 99.92 15
10 3,935 SS&C TECH TL B8 0.06% 99.97 99.91 18
11 3,900 DIRECTV HLDGS LLC / DIRECTV TL -0.07% 100.01 100.09 10
12 3,859 ALLIANT HLDGS I INC TL B 0.04% 99.46 99.42 20
13 3,640 TRANSDIGM INC. TL J 0.01% 99.49 99.48 17
14 3,573 CDK GLOBAL TL B 0.15% 86.50 86.37 16
15 3,566 AIR MEDICAL PIK TL B 0.35% 100.04 99.70 11
16 3,500 AMERICAN AIRLINES TL B 0.18% 101.94 101.76 13
17 3,420 RCN GRANDE TL 1.70% 85.89 84.46 13
18 3,393 GENESYS TELECOM TL B 0.01% 99.13 99.12 10
19 3,380 SOLERA TL B 0.33% 95.59 95.28 17
20 3,340 PROOFPOINT TL B 0.18% 99.85 99.67 12
AVERAGE 4,210 0.17% 97.13 97.55 14.4

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 3/21/25-3/28/25

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK NAME CHANGE PRC PRC-1W DEALERS
1 SITEL LLC / SITEL FIN CORP TL B 8.60% 60.67 55.87 16
2 PETCO TL B 5.87% 91.98 86.89 15
3 MICHAELS STORES TL 3.54% 74.16 71.63 16
4 AMERICAN BATH TL 3.10% 92.76 89.96 14
5 FOUNDATION BUILDING TL 2.18% 94.95 92.92 14
6 CRASH CHAMPIONS LLC TL B 2.09% 89.64 87.81 10
7 VIASAT INC TL 1.82% 91.69 90.05 9
8 DUFF & PHELPS TL B 1.79% 94.85 93.18 14
9 US LBM TL B 1.39% 92.33 91.06 14
10 LIFEPOINT HOSPITALS TL B 1.32% 96.82 95.55 11

Bottom 10 Perfromers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 3/21/25-3/28/25

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK NAME CHANGE PRC PRC-1W DEALERS
1 ACPRODUCTS TL B -5.49% 66.67 70.54 12
2 CERBA HEALTHCARE EUR TL D -5.28% 85.26 90.02 12
3 LESLIE’S POOLMART TL B -4.99% 75.23 79.18 18
4 PRINCE MINERALS TL -4.50% 88.52 92.70 15
5 RACKSPACE HOSTING TL B -3.56% 47.21 48.96 13
6 MULTI-COLOR TL B -3.50% 83.96 87.01 15
7 TEKNI-PLEX TL B6 -2.48% 96.71 99.18 13
8 OLDCASTLE TL B -2.41% 93.43 95.74 14
9 CORNERSTONE BUILDING BRANDS TL -1.85% 85.16 86.77 14
10 LEAF HOME SOLUTIONS TL -1.77% 84.32 85.84 9

Avg Bid PX by Sector

Displays the average loan bid price by sector between 3/21/25-3/28/25

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 3/21/25-3/28/25

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 3/21/25 vs. the week ending 3/28/25

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CERBA HEALTHCARE EUR TL D 14 56 42 300%
2 ROCKET SOFTWARE EUR TL B 20 48 28 140%
3 COLISEE PATRIMOINE EUR TL B 14 42 28 200%
4 SITEL LLC / SITEL FIN CORP TL B 50 78 28 56%
5 BOELS HOLDING EUR TL B3 30 58 28 93%
6 ZIGGO EUR TL H 57 84 27 47%
7 P&I PERSONAL & INFORMATIK EUR TL B 6 32 26 433%
8 POTTERS BORROWER LP TL B 22 48 26 118%
9 COGNITA FINANCING PLC EUR TL B2 24 48 24 100%
10 SIGNATURE AVIATION TL B 61 84 23 38%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 3/21/25-3/28/25

 

 

 

 

 

 

 

 

 

 

 

 

 

RANK TRANCHE DEALERS
1 WHITE CAP BUYER LLC TL B 21
2 ALLIANT HLDGS I INC TL B 20
3 GOLDEN NUGGET INC TL B 20
4 HUB INTL LTD TL B 20
5 AMWINS TL B 20
6 ROCKET SOFTWARE TL B 19
7 GO DADDY TL B 19
8 LESLIE’S POOLMART TL B 18
9 TRANSDIGM INC. TL K 18
10 SS&C TECH TL B8 18

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 3/21/25-3/28/25

Sector Bid-Offer Spread

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

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