Syndicated Bank Loans

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Syndicated Bank Loan Market Summary:
Week Ending 6/6/25

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 6/6/25

ISSUER AMOUNT (MM) LOAN TYPE MATURITY RATE
Gates Global LLC 500 Term Loan 5/28/2032 S+425
Wharf Street Rating Acquisition LLC 4000 Term Loan 3/29/2024 H+80
Supplyone, Inc. 896 Term Loan 4/21/2031 S+350
Interstate Waste Services Inc. 155 Term Loan 10/5/2030 S+375

forward calendar

Forward calendar during the week ending 6/6/25

Issuer Deal Information Banks Expected Issue Date
Altera Corp. $1.5B TL BCLY,CITI,RBC,DB,KKR,BMO Q2 2025
Colonial Enterprises $2.15B TLB (Ba1/BB+/BBB-) MS Q2 2025
Hill Top Energy Center $400MM TL STND Q2 2025

Largest Loans

Highlights the weekly price movements and quote depth for the 20 largest bank loans between 5/30/25-6/6/25

RANK SIZE (MM) NAME CHANGE PRC PRC-1W DEALERS
1 7,631 MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 0.01% 99.86 99.85 12
2 6,145 MAGNOLIA (USD) TL L+375 2/1/2028 -0.25% 86.43 86.65 13
3 4,750 ZAYO (USD) TL L+300 3/9/2027 0.09% 95.16 95.07 14
4 4,741 INTERNET BRANDS (USD) TL B S+425 4/20/2028 -0.24% 95.56 95.80 11
5 4,525 TRANSDIGM INC (USD) TL I S+275 8/24/2028 -0.06% 100.25 100.30 15
6 4,479 TIBCO (USD) TL B S+350 3/30/2029 0.17% 99.86 99.69 12
7 4,300 MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 0.01% 99.76 99.75 13
8 4,230 TK ELEVATOR (US) NEWCO INC TL B 0.04% 100.17 100.13 14
9 4,226 INSPIRE BRANDS (USD) TL B S+250 12/15/2027 0.01% 99.87 99.86 14
10 4,204 JANE STREET (USD) TL B S+200 12/10/2031 0.02% 99.77 99.75 16
11 4,001 CITADEL (USD) TL B S+200 10/28/2031 -0.01% 100.34 100.34 12
12 3,935 SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 0.02% 100.34 100.32 13
13 3,900 DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 -0.11% 100.19 100.30 11
14 3,859 ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 0.05% 99.56 99.51 19
15 3,640 TRANSDIGM INC (USD) TL J S+250 2/12/2031 0.02% 99.97 99.95 15
16 3,573 CDK GLOBAL (USD) TL B S+325 7/6/2029 -0.26% 88.59 88.82 16
17 3,491 WESTINGHOUSE (USD) TL B S+250 1/5/2031 0.07% 99.78 99.71 16
18 3,420 RCN GRANDE (USD) TL L+325 9/25/2026 0.26% 87.74 87.51 11
19 3,393 GENESYS TELECOM (USD) TL B S+250 1/23/2032 0.07% 99.66 99.59 10
20 3,380 SOLERA (USD) TL B L+400 6/2/2028 -0.07% 96.71 96.78 15
AVERAGE 4,291 -0.01% 97.48 99.92 13.6

Top 10 Performers

Showcases the top 10 loan performers based on the largest bid price increases between 5/30/25-6/6/25

 

RANK NAME CHANGE PRC PRC-1W DEALERS
1 RACKSPACE FIN LLC (USD) TL B S+275 5/15/2028 14.25% 49.58 43.39 11
2 SCUR-ALPHA 1503 GMBH (USD) TL B S+550 3/30/2030 3.70% 94.34 90.97 9
3 HOUSE OF HR GROUP BV (EUR) TL B E+500 11/3/2029 3.36% 91.95 88.97 12
4 AMMERAAL BELTECH (EUR) TL B2 E+500 12/19/2028 3.22% 97.91 94.86 10
5 COLISEE PATRIMOINE (EUR) TL B E+375 11/30/2027 3.01% 65.39 63.48 13
6 ACPRODUCTS HLDGS INC (USD) TL B L+425 5/17/2028 2.63% 75.58 73.64 11
7 KIK CUSTOM (USD) TL B S+400 6/26/2031 2.39% 87.15 85.11 13
8 NGL ENERGY FIN CORP (USD) TL B S+400 2/2/2031 2.39% 98.74 96.44 11
9 TRINSEO (USD) TL B S+250 5/3/2028 1.68% 42.84 42.13 7
10 INEOS FIN PLC (USD) TL B S+325 2/5/2030 1.12% 97.26 96.18 9

Bottom 10 Performers

Showcases the bottom 10 loan performers based on the largest bid price decreases between 5/30/25-6/6/25

 

RANK NAME CHANGE PRC PRC-1W DEALERS
1 AMEDES GROUP (EUR) TL B E+375 10/12/2028 -6.73% 90.31 96.83 10
2 TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 -4.98% 91.92 96.74 9
3 SITEL LLC / SITEL FIN CORP (USD) TL B L+375 8/28/2028 -4.75% 54.99 57.73 10
4 VIVID SEATS (USD) TL B S+250 2/3/2029 -4.55% 90.00 94.29 4
5 US LBM (USD) TL B S+375 5/29/2031 -4.21% 89.24 93.16 8
6 TECTUM HOLDINGS INC (USD) TL B L+375 1/31/2028 -4.09% 91.59 95.50 8
7 POWER BUYER (USD) TL S+450 2/7/2031 -3.72% 83.98 87.22 7
8 EKATERRA (EUR) TL B E+475 7/30/2029 -2.63% 86.89 89.24 12
9 ENTERTAINMENT PARTNERS (USD) TL B L+350 11/6/2028 -2.55% 96.00 98.51 5
10 FRONERI (USD) TL B S+200 9/16/2031 -2.24% 97.50 99.73 15

Avg Bid PX by Sector

Displays the average loan bid price by sector between 5/30/25-6/6/25

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

Average Bid Price by Sector - 06/06/2025

Sentiment

Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) between 5/30/25-6/6/25

Syndicated Bank Loan Sentiment - 06/06/2025

Top Quote Volume Movers: This Week vs Last Week

Exhibits the loans with the largest increase in quote volume for the week ending 5/30/25 vs. the week ending 6/6/25

RANK TRANCHE PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 GENESEE & WYOMING INC (USD) TL B S+175 4/10/2031 50 84 34 68%
2 FOCUS FNCL PARTNERS LLC (USD) TL B8 S+275 9/15/2031 60 94 34 57%
3 MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 34 66 32 94%
4 BUCKEYE PARTNERS LP (USD) TL B S+175 11/22/2030 56 86 30 54%
5 ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 90 120 30 33%
6 AVOLON HLDGS FNDG LTD (USD) TL B6 S+175 6/21/2030 62 92 30 48%
7 ZIGGO (EUR) TL H E+300 1/17/2029 54 84 30 56%
8 ROCKET SOFTWARE INC (EUR) TL B E+425 11/28/2028 35 63 28 80%
9 STADA ARZNEIMITTEL (EUR) TL B3 E+400 2/27/2030 54 82 28 52%
10 UFC (USD) TL B S+225 11/14/2031 52 80 28 54%

Most Quoted Loans

Ranks the loans that were quoted by the highest number of dealers between 5/30/25-6/6/25

RANK TRANCHE DEALERS
1 ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 19
2 BMC SOFTWARE (USD) TL B S+325 7/30/2031 19
3 AVOLON HLDGS FNDG LTD (USD) TL B6 S+175 6/21/2030 18
4 WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 18
5 HUB INTL LTD (USD) TL B S+250 6/20/2030 18
6 AMWINS GROUP INC (USD) TL B S+225 1/23/2032 18
7 CEVA SANTE ANIMALE (EUR) TL B E+350 11/30/2030 18
8 STADA ARZNEIMITTEL (EUR) TL B3 E+400 2/27/2030 18
9 ZIGGO (EUR) TL H E+300 1/17/2029 17
10 GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 17

Bid and Offer Volume

Reveals the total number of quotes by bid and offer between 5/30/25-6/6/25

Sector Bid-Offer Spread

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

Syndicated Bank Loan Bid Offer Spread - 06/06/2025

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