Syndicated Bank Loan Market Summary – Week Ending 3/17/25
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Syndicated Bank Loan Market Summary: Week Ending 4/17/25
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 4/17/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Accell Group NV | 130 | Term Loan | 6/30/2031 | E+700 |
| EW Scripps Co. | 545 | Term Loan | 6/30/2025 | S+575 |
| IMG Worldwide Inc. | 3000 | Term Loan | 1/16/2032 | S+275 |
forward calendar
Forward calendar during the week ending 4/17/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Enstar Group | $700MM TLB | BCLY | Q2 2025 |
| Viavi Solutions Inc. | $425MM TLB | WF | Q2 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 4/11/25-4/17/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,145 | MAGNOLIA TL | 2.01% | 84.00 | 82.35 | 14 |
| 2 | 4,750 | ZAYO TL | 0.12% | 90.36 | 90.25 | 14 |
| 3 | 4,741 | INTERNET BRANDS TL B | -0.62% | 91.34 | 91.90 | 11 |
| 4 | 4,525 | TRANSDIGM INC. TL I | 0.44% | 99.56 | 99.12 | 16 |
| 5 | 4,479 | TIBCO TL B | 1.45% | 98.22 | 96.81 | 11 |
| 6 | 4,300 | MASMOVIL IBERCOM SA EUR TL B | 0.20% | 98.45 | 98.25 | 11 |
| 7 | 4,226 | INSPIRE BRANDS TL B | 0.67% | 98.53 | 97.87 | 14 |
| 8 | 4,204 | JANE STREET TL B | 0.54% | 98.68 | 98.15 | 16 |
| 9 | 4,001 | CITADEL TL B | 0.42% | 99.00 | 98.58 | 14 |
| 10 | 3,935 | SS&C TECH TL B8 | 0.21% | 99.26 | 99.06 | 17 |
| 11 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | -0.01% | 99.52 | 99.53 | 10 |
| 12 | 3,859 | ALLIANT HLDGS I INC TL B | 1.25% | 98.84 | 97.62 | 19 |
| 13 | 3,640 | TRANSDIGM INC. TL J | 0.40% | 98.63 | 98.23 | 17 |
| 14 | 3,573 | CDK GLOBAL TL B | -1.67% | 82.89 | 84.30 | 15 |
| 15 | 3,566 | AIR MEDICAL PIK TL B | 0.29% | 99.21 | 98.93 | 11 |
| 16 | 3,420 | RCN GRANDE TL | 0.97% | 84.01 | 83.20 | 11 |
| 17 | 3,380 | SOLERA TL B | 0.58% | 95.37 | 94.82 | 17 |
| 18 | 3,340 | PROOFPOINT TL B | 0.76% | 98.98 | 98.24 | 12 |
| 19 | 3,119 | EPICOR SOFTWARE TL B | 0.63% | 98.98 | 98.36 | 14 |
| 20 | 3,100 | ASURION TL B8 | -0.04% | 98.75 | 98.79 | 10 |
| AVERAGE | 4,010 | 0.43% | 95.63 | 98.65 | 13.7 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 4/11/25-4/17/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | LEAF HOME SOLUTIONS TL | 3.64% | 86.56 | 83.52 | 7 |
| 2 | TORY BURCH LLC TL B | 3.54% | 96.01 | 92.74 | 9 |
| 3 | TENNECO TL B | 3.46% | 91.82 | 88.75 | 19 |
| 4 | HERTZ TL B | 3.22% | 77.92 | 75.49 | 12 |
| 5 | OLDCASTLE TL B | 2.87% | 93.72 | 91.11 | 13 |
| 6 | ACPRODUCTS TL B | 2.45% | 63.77 | 62.25 | 12 |
| 7 | ALTICE FINANCING TL B | 2.19% | 81.59 | 79.84 | 12 |
| 8 | MERLIN ENTERTAINMENTS TL B | 2.14% | 93.54 | 91.58 | 11 |
| 9 | VERIZON TL B1 | 1.98% | 89.45 | 87.72 | 6 |
| 10 | AMERICAN AIRLINES TL B | 1.88% | 96.64 | 94.86 | 11 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 4/11/25-4/17/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | BOYD CORP TL B | -1.98% | 94.42 | 96.33 | 8 |
| 2 | PETCO TL B | -1.93% | 87.18 | 88.89 | 15 |
| 3 | HARBOR FREIGHT TL B | -1.91% | 86.62 | 88.31 | 14 |
| 4 | CDK GLOBAL TL B | -1.67% | 82.89 | 84.30 | 15 |
| 5 | INTERNET BRANDS TL B4 | -1.60% | 86.34 | 87.74 | 12 |
| 6 | ORBITER GROUP EUR TL B | -1.36% | 92.16 | 93.43 | 8 |
| 7 | DELEK TL B | -1.34% | 95.43 | 96.72 | 10 |
| 8 | VERACODE TL B | -1.32% | 80.63 | 81.70 | 13 |
| 9 | FOUNDATION BUILDING TL B2 | -1.29% | 90.51 | 91.70 | 13 |
| 10 | HILTON GRAND VACATIONS BORROWER TL B | -1.26% | 96.11 | 97.34 | 8 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 4/11/25-4/17/25 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 4/11/25-4/17/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 4/11/25 vs. the week ending 4/17/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ION TRADING TL B | 24 | 47 | 23 | 96% |
| 2 | BAUSCH & LOMB INC TL | 24 | 46 | 22 | 92% |
| 3 | BMC SOFTWARE TL B | 41 | 63 | 22 | 54% |
| 4 | DARKTRACE TL B | 19 | 40 | 21 | 111% |
| 5 | EDELMAN FINANCIAL TL B | 33 | 52 | 19 | 58% |
| 6 | WESTINGHOUSE TL B | 44 | 62 | 18 | 41% |
| 7 | ITP AERO TL B | 34 | 52 | 18 | 53% |
| 8 | CENGAGE TL B | 41 | 59 | 18 | 44% |
| 9 | OSMOSE TL | 26 | 44 | 18 | 69% |
| 10 | ZIGGO TL I | 42 | 60 | 18 | 43% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 4/11/25-4/17/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | GOLDEN NUGGET INC TL B | 20 |
| 2 | ALLIANT HLDGS I INC TL B | 19 |
| 3 | TENNECO TL B | 19 |
| 4 | BMC SOFTWARE TL B | 18 |
| 5 | AMERICAN TRAILER WORLD TL | 18 |
| 6 | WHITE CAP BUYER LLC TL B | 18 |
| 7 | HUB INTL LTD TL B | 18 |
| 8 | AMWINS TL B | 18 |
| 9 | ELANCO ANIMAL HEALTH TL B | 17 |
| 10 | PRINCE MINERALS TL | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 4/11/25-4/17/25
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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