Syndicated Bank Loan Market Summary – Week Ending 4/4/25
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Syndicated Bank Loan Market Summary: Week Ending 4/4/25
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 4/4/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Verifone Inc. | 2041 | Term Loan | 8/20/2028 | S+575 |
| Altisource Portfolio Solutions | 110 | Term Loan | 2/20/2029 | S+650 |
| Pathway Vet Alliance LLC | 403 | Term Loan | 6/30/2028 | S+500 |
forward calendar
Forward calendar during the week ending 4/4/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| ABC Technologies | $900MM TLB | CITI,STD,TD,BMO,CIBC,GS,JPM | Q2 2025 |
| Cardinal | $1.1B TLB | BMO,STD,NTXS,SC,ITS | Q2 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 3/28/25-4/4/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE TL | -0.56% | 99.32 | 99.88 | 12 |
| 2 | 6,145 | MAGNOLIA TL | -2.83% | 86.69 | 89.22 | 15 |
| 3 | 4,750 | ZAYO TL | -4.43% | 89.31 | 93.45 | 14 |
| 4 | 4,741 | INTERNET BRANDS TL B | -1.14% | 93.37 | 94.44 | 13 |
| 5 | 4,525 | TRANSDIGM INC. TL I | -1.04% | 98.97 | 100.01 | 17 |
| 6 | 4,479 | TIBCO TL B | -2.72% | 96.53 | 99.23 | 13 |
| 7 | 4,226 | INSPIRE BRANDS TL B | -1.46% | 98.02 | 99.48 | 15 |
| 8 | 4,204 | JANE STREET TL B | -1.06% | 98.06 | 99.12 | 17 |
| 9 | 4,001 | CITADEL TL B | -1.20% | 98.77 | 99.98 | 15 |
| 10 | 3,935 | SS&C TECH TL B8 | -0.63% | 99.34 | 99.97 | 18 |
| 11 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.11% | 99.90 | 100.01 | 10 |
| 12 | 3,859 | ALLIANT HLDGS I INC TL B | -2.02% | 97.45 | 99.46 | 20 |
| 13 | 3,640 | TRANSDIGM INC. TL J | -1.45% | 98.05 | 99.49 | 17 |
| 14 | 3,573 | CDK GLOBAL TL B | -2.58% | 84.27 | 86.50 | 16 |
| 15 | 3,566 | AIR MEDICAL PIK TL B | -1.01% | 99.03 | 100.04 | 12 |
| 16 | 3,420 | RCN GRANDE TL | -2.82% | 83.47 | 85.89 | 14 |
| 17 | 3,380 | SOLERA TL B | -2.36% | 93.34 | 95.59 | 17 |
| 18 | 3,340 | PROOFPOINT TL B | -1.55% | 98.31 | 99.85 | 12 |
| 19 | 3,250 | CORELOGIC TL B | -2.26% | 96.03 | 98.25 | 10 |
| 20 | 3,171 | AKZONOBEL TL B | -0.84% | 99.21 | 100.05 | 10 |
| AVERAGE | 4,187 | -1.70% | 95.37 | 99.83 | 14.4 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 3/28/25-4/4/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | ASCEND PERFORMANCE MATERIALS TL B | -11.65% | 22.63 | 25.62 | 13 |
| 2 | TRAEGER TL | -10.91% | 81.14 | 91.08 | 11 |
| 3 | LESLIE’S POOLMART TL B | -8.54% | 68.81 | 75.23 | 17 |
| 4 | ACPRODUCTS TL B | -8.41% | 61.06 | 66.67 | 12 |
| 5 | AMERICAN TRAILER WORLD TL | -8.06% | 74.54 | 81.07 | 17 |
| 6 | BABILOU EUR TL B | -7.85% | 87.14 | 94.57 | 15 |
| 7 | PRINCE MINERALS TL | -7.02% | 82.31 | 88.52 | 15 |
| 8 | HARBOR FREIGHT TL B | -6.76% | 91.19 | 97.80 | 16 |
| 9 | TWIN RIVER TL B | -6.56% | 83.55 | 89.42 | 15 |
| 10 | TENNECO TL B | -6.49% | 90.87 | 97.18 | 18 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 3/28/25-4/4/25 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 3/28/25-4/4/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 3/28/25 vs. the week ending 4/4/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | USS PARENT TL B | 0 | 20 | 20 | NA |
| 2 | CARGO AIRCRAFT TL B | 14 | 34 | 20 | 143% |
| 3 | VALVOLINE INC TL B | 19 | 34 | 15 | 79% |
| 4 | VORTEX OPCO LLC TL | 4 | 19 | 15 | 375% |
| 5 | DODGE DATA TL A | 2 | 16 | 14 | 700% |
| 6 | ATLAS AIR TL B | 24 | 36 | 12 | 50% |
| 7 | SEAWORLD TL B | 14 | 26 | 12 | 86% |
| 8 | HERBALIFE TL B | 40 | 52 | 12 | 30% |
| 9 | FISERV TL B | 12 | 24 | 12 | 100% |
| 10 | MEDIQ EUR TL B | 39 | 51 | 12 | 31% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 3/28/25-4/4/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | GOLDEN NUGGET INC TL B | 20 |
| 2 | ALLIANT HLDGS I INC TL B | 20 |
| 3 | WHITE CAP BUYER LLC TL B | 20 |
| 4 | HUB INTL LTD TL B | 20 |
| 5 | AMWINS TL B | 20 |
| 6 | ROCKET SOFTWARE TL B | 19 |
| 7 | BROADSTREET PARTNERS TL B4 | 18 |
| 8 | SS&C TECH TL B8 | 18 |
| 9 | BMC SOFTWARE TL B | 18 |
| 10 | TENNECO TL B | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 3/28/25-4/4/25
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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