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

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

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

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