Syndicated Bank Loan Market Summary – Week Ending 3/11/25
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Syndicated Bank Loan Market Summary: Week Ending 4/11/25
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 4/11/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Physician Partners LLC | 89 | Term Loan | 12/31/2030 | S+550 |
| Diamond Sports Group, LLC | 200 | Term Loan | 1/2/2028 | S+1200 |
| Apex Tool Group LLC | 232 | Term Loan | 2/2/2030 | S+1000 |
forward calendar
Forward calendar during the week ending 4/11/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Brookfield Properties | $1.585B credit facilities | WF | Q2 2025 |
| Columbus McKinnon Corp. | $1.825B credit facilities | JPM | Q2 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 4/4/25-4/11/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE TL | -1.45% | 97.88 | 99.32 | 10 |
| 2 | 6,145 | MAGNOLIA TL | -1.58% | 85.32 | 86.69 | 16 |
| 3 | 4,750 | ZAYO TL | 0.90% | 90.11 | 89.31 | 14 |
| 4 | 4,741 | INTERNET BRANDS TL B | -1.60% | 91.87 | 93.37 | 11 |
| 5 | 4,525 | TRANSDIGM INC. TL I | 0.25% | 99.22 | 98.97 | 17 |
| 6 | 4,479 | TIBCO TL B | 0.71% | 97.21 | 96.53 | 13 |
| 7 | 4,300 | MASMOVIL IBERCOM SA EUR TL B | 1.05% | 97.94 | 96.92 | 10 |
| 8 | 4,226 | INSPIRE BRANDS TL B | 0.18% | 98.20 | 98.02 | 16 |
| 9 | 4,204 | JANE STREET TL B | 0.33% | 98.39 | 98.06 | 17 |
| 10 | 4,001 | CITADEL TL B | 0.23% | 99.00 | 98.77 | 15 |
| 11 | 3,935 | SS&C TECH TL B8 | -0.39% | 98.95 | 99.34 | 18 |
| 12 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.36% | 99.55 | 99.90 | 10 |
| 13 | 3,859 | ALLIANT HLDGS I INC TL B | 0.73% | 98.16 | 97.45 | 20 |
| 14 | 3,640 | TRANSDIGM INC. TL J | -0.08% | 97.97 | 98.05 | 17 |
| 15 | 3,573 | CDK GLOBAL TL B | 0.07% | 84.33 | 84.27 | 17 |
| 16 | 3,566 | AIR MEDICAL PIK TL B | 0.17% | 99.19 | 99.03 | 13 |
| 17 | 3,420 | RCN GRANDE TL | -0.68% | 82.90 | 83.47 | 15 |
| 18 | 3,380 | SOLERA TL B | 1.73% | 94.95 | 93.34 | 17 |
| 19 | 3,340 | PROOFPOINT TL B | 0.16% | 98.46 | 98.31 | 12 |
| 20 | 3,250 | CORELOGIC TL B | 0.26% | 96.28 | 96.03 | 10 |
| AVERAGE | 4,243 | 0.03% | 95.29 | 98.51 | 14.4 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 4/4/25-4/11/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | PLY GEM TL B | 3.37% | 80.90 | 78.27 | 13 |
| 2 | MULTI-COLOR TL B | 2.94% | 84.65 | 82.23 | 15 |
| 3 | US ANESTHESIA TL B | 2.39% | 97.93 | 95.64 | 15 |
| 4 | THE NIELSEN COMPANY B.V. TL A | 2.36% | 85.61 | 83.64 | 7 |
| 5 | AMERICAN BATH TL | 2.05% | 92.57 | 90.71 | 15 |
| 6 | PODS TL B | 2.03% | 88.80 | 87.03 | 13 |
| 7 | PRIMESOURCE BUILDING TL B | 1.97% | 91.00 | 89.24 | 11 |
| 8 | HEXION INC TL B | 1.96% | 96.39 | 94.54 | 13 |
| 9 | RESTORATION HARDWARE TL B | 1.79% | 92.02 | 90.40 | 7 |
| 10 | VISTRA ENERGY TL B | 1.47% | 96.33 | 94.93 | 11 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 4/4/25-4/11/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | NGL ENERGY OPERATING TL B | -6.25% | 90.82 | 96.88 | 9 |
| 2 | TRINSEO TL B | -6.13% | 40.04 | 42.66 | 8 |
| 3 | PARTS AUTHORITY TL | -3.93% | 77.44 | 80.61 | 9 |
| 4 | TENNECO TL A | -3.88% | 89.49 | 93.10 | 10 |
| 5 | INTERIOR LOGIC TL B | -3.68% | 76.65 | 79.58 | 13 |
| 6 | HERENS HOLDCO SARL EUR TL B | -3.68% | 90.30 | 93.74 | 9 |
| 7 | HARBOR FREIGHT TL B | -3.45% | 88.04 | 91.19 | 16 |
| 8 | DIRECTV HLDGS LLC / DIRECTV TL B | -3.37% | 90.82 | 93.99 | 10 |
| 9 | CSC SERVICEWORKS INC TL | -2.78% | 79.75 | 82.03 | 15 |
| 10 | CISION TL B | -2.72% | 58.46 | 60.10 | 12 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 4/4/25-4/11/25 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 4/4/25-4/11/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 4/4/25 vs. the week ending 4/11/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | US LBM TL B | 0 | 47 | 47 | NA |
| 2 | CROCS TL | 5 | 44 | 39 | 780% |
| 3 | VODAFONE EUR TL B | 2 | 40 | 38 | 1900% |
| 4 | VERIFONE TL | 6 | 34 | 28 | 467% |
| 5 | MADISON IAQ LLC TL B | 32 | 50 | 18 | 56% |
| 6 | ACCESS CIG TL | 30 | 46 | 16 | 53% |
| 7 | US LBM TL B | 0 | 16 | 16 | NA |
| 8 | RSA SECURITY LLC 2ND LIEN TL | 24 | 40 | 16 | 67% |
| 9 | VANTAGE ELEVATORS TL B | 26 | 40 | 14 | 54% |
| 10 | PRETIUM PACKAGING 2ND OUT TL A1 | 16 | 30 | 14 | 88% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 4/4/25-4/11/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | AMERICAN TRAILER WORLD TL | 20 |
| 2 | ALLIANT HLDGS I INC TL B | 20 |
| 3 | GOLDEN NUGGET INC TL B | 20 |
| 4 | WHITE CAP BUYER LLC TL B | 20 |
| 5 | HUB INTL LTD TL B | 20 |
| 6 | AMWINS TL B | 20 |
| 7 | ROCKET SOFTWARE TL B | 19 |
| 8 | DEXKO TL B | 18 |
| 9 | SS&C TECH TL B8 | 18 |
| 10 | BROADSTREET PARTNERS TL B4 | 18 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 4/4/25-4/11/25
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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