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