Syndicated Bank Loan Market Summary – Week Ending 6/27/25
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Syndicated Bank Loan Market Summary: Week Ending 6/27/25
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 6/27/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Alloheim | 32 | Term Loan | 5/22/2028 | E+500 |
| Cube Healthcare Europe Bidco | 490 | Term Loan | 10/24/2029 | E+375 |
| Tempur Sealy Intl. Inc. | 500 | Term Loan | 10/10/2028 | S+162.5 |
forward calendar
Forward calendar during the week ending 6/27/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Actus Nutrition | $1.25B TLB (B3/B) | JPM | Q3 2025 |
| Presidio | $1.844B TLB | JPM | Q3 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 6/20/25-6/27/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 | 0.03% | 100.00 | 99.96 | 11 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | 5.42% | 87.71 | 83.21 | 13 |
| 3 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | 0.13% | 94.81 | 94.69 | 15 |
| 4 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 0.72% | 93.25 | 92.58 | 12 |
| 5 | 4,690 | BELRON UK FIN PLC (USD) TL B S+275 10/1/2031 | 0.08% | 100.33 | 100.25 | 10 |
| 6 | 4,525 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | 0.12% | 100.34 | 100.23 | 16 |
| 7 | 4,479 | CLOUD SOFTWARE GROUP INC (USD) TL B S+350 3/30/2029 | 0.25% | 100.13 | 99.87 | 10 |
| 8 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | -0.51% | 99.18 | 99.69 | 13 |
| 9 | 4,230 | TK ELEVATOR (US) NEWCO INC TL B | 0.07% | 100.16 | 100.08 | 14 |
| 10 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.15% | 99.96 | 99.82 | 13 |
| 11 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.21% | 99.90 | 99.69 | 16 |
| 12 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.27% | 100.36 | 100.09 | 13 |
| 13 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.17% | 100.43 | 100.26 | 14 |
| 14 | 3,900 | DIRECTV FNCG LLC (USD) TL L+500 8/2/2027 | 0.03% | 100.27 | 100.24 | 11 |
| 15 | 3,859 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 0.47% | 99.97 | 99.50 | 19 |
| 16 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.18% | 100.17 | 99.99 | 15 |
| 17 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 0.06% | 83.50 | 83.45 | 17 |
| 18 | 3,491 | WESTINGHOUSE (USD) TL B S+250 1/5/2031 | 0.14% | 99.94 | 99.80 | 16 |
| 19 | 3,393 | GENESYS TELECOM (USD) TL B S+250 1/23/2032 | 0.21% | 99.92 | 99.72 | 10 |
| 20 | 3,380 | SOLERA (USD) TL B L+400 6/2/2028 | 0.50% | 97.31 | 96.83 | 15 |
| AVERAGE | 4,355 | 0.44% | 97.88 | 99.75 | 13.7 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 6/20/25-6/27/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | MICHAELS STORES (USD) TL L+425 4/15/2028 | 9.03% | 83.07 | 76.19 | 11 |
| 2 | MAGNOLIA (USD) TL L+375 2/1/2028 | 5.42% | 87.71 | 83.21 | 12 |
| 3 | HERTZ CORP (USD) TL B S+375 6/30/2028 | 4.09% | 82.24 | 79.00 | 8 |
| 4 | KIK CUSTOM (USD) TL B S+400 6/26/2031 | 3.43% | 88.37 | 85.44 | 13 |
| 5 | FOUNDATION BUILDING (USD) TL B3 S+525 1/1/2031 | 3.04% | 97.58 | 94.70 | 8 |
| 6 | BRAND INDL SERVS INC (USD) TL B S+450 8/1/2030 | 2.81% | 83.39 | 81.11 | 15 |
| 7 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | 2.22% | 86.42 | 84.54 | 13 |
| 8 | TECTUM HOLDINGS INC (USD) TL B S+500 1/31/2028 | 1.89% | 89.87 | 88.20 | 10 |
| 9 | VERIFONE (USD) TL S+575 8/20/2028 | 1.73% | 93.59 | 92.00 | 11 |
| 10 | MERLIN ENTERTAINMENTS (USD) TL B S+350 11/24/2029 | 1.70% | 94.93 | 93.34 | 9 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 6/20/25-6/27/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | COLISEE PATRIMOINE (EUR) TL B E+375 11/30/2027 | -12.60% | 58.28 | 66.68 | 14 |
| 2 | BBB INDUSTRIES (USD) TL B S+525 7/25/2029 | -3.47% | 85.03 | 88.08 | 10 |
| 3 | HERENS HOLDCO SARL (USD) TL B L+400 7/3/2028 | -1.53% | 92.87 | 94.31 | 6 |
| 4 | LEAF HOME SOLUTIONS (USD) TL S+475 2/16/2029 | -1.38% | 91.21 | 92.48 | 7 |
| 5 | OSMOSE (USD) TL L+325 6/23/2028 | -1.38% | 93.84 | 95.15 | 8 |
| 6 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | -1.26% | 71.03 | 71.94 | 12 |
| 7 | ANGUS CHEMICAL (USD) TL B L+400 11/24/2027 | -1.09% | 95.78 | 96.84 | 8 |
| 8 | AMMERAAL BELTECH (EUR) TL B2 E+500 12/19/2028 | -0.88% | 96.96 | 97.82 | 11 |
| 9 | SOLERA (EUR) TL B E+400 6/4/2028 | -0.84% | 95.10 | 95.90 | 10 |
| 10 | OBERTHUR TECHNOLOGIES SA (EUR) TL E+400 9/30/2028 | -0.54% | 99.47 | 100.01 | 12 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/20/25-6/27/25 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 6/20/25-6/27/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/20/25 vs. the week ending 6/27/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | US LBM (USD) TL B L+375 12/17/2027 | 12 | 40 | 28 | 233% |
| 2 | TENNECO INC (USD) TL B S+500 11/6/2028 | 66 | 92 | 26 | 39% |
| 3 | HARBOR FREIGHT (USD) TL B S+250 6/5/2031 | 64 | 90 | 26 | 41% |
| 4 | UFC (USD) TL B S+225 11/14/2031 | 58 | 83 | 25 | 43% |
| 5 | ALLIANCE LAUNDRY (USD) TL B S+275 8/19/2031 | 56 | 80 | 24 | 43% |
| 6 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 42 | 66 | 24 | 57% |
| 7 | TRICORBRAUN (USD) TL B L+325 3/3/2028 | 77 | 100 | 23 | 30% |
| 8 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | 50 | 73 | 23 | 46% |
| 9 | SHEARERS (USD) TL B S+325 2/12/2031 | 64 | 86 | 22 | 34% |
| 10 | FILTRATION GROUP (USD) TL B S+300 10/21/2028 | 62 | 84 | 22 | 35% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/20/25-6/27/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 20 |
| 2 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 19 |
| 3 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 19 |
| 4 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 18 |
| 5 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 18 |
| 6 | GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 | 18 |
| 7 | BROADSTREET PARTNERS INC (USD) TL B4 S+300 6/16/2031 | 18 |
| 8 | CEVA SANTE ANIMALE (EUR) TL B E+350 11/30/2030 | 17 |
| 9 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | 17 |
| 10 | STADA ARZNEIMITTEL (EUR) TL B3 E+400 2/27/2030 | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 6/20/25-6/27/25
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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