Syndicated Bank Loan Market Summary – Week Ending 7/3/25
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 7/3/25
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 7/3/25
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Norgine BV | 405 | Term Loan | 5/2/2031 | E+450 |
| Coty Inc. | 175 | Term Loan | 2/24/2029 | S+475 |
| Presidio Inc. | 1844 | Term Loan | 7/1/2031 | S+300 |
| Centuri Construction Group | 800 | Term Loan | 7/1/2032 | S+225 |
forward calendar
Forward calendar during the week ending 7/3/25
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Actus Nutrition | $1.25B TLB (B3/B) | JPM | Q3 2025 |
| Walgreens Boots Alliance | $8.1B credit facilities | JPM,GS,UBS,CIIT | Q3 2025 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 6/27/25-7/3/25
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,631 | MEDLINE BORROWER LP (USD) TL S+225 10/21/2028 | 0.10% | 100.09 | 99.98 | 12 |
| 2 | 6,145 | MAGNOLIA (USD) TL L+375 2/1/2028 | 1.03% | 88.21 | 87.31 | 13 |
| 3 | 4,750 | ZAYO (USD) TL L+300 3/9/2027 | 0.27% | 94.81 | 94.55 | 14 |
| 4 | 4,741 | INTERNET BRANDS (USD) TL B S+425 4/20/2028 | 1.66% | 94.57 | 93.02 | 13 |
| 5 | 4,525 | TRANSDIGM INC (USD) TL I S+275 8/24/2028 | 0.14% | 100.43 | 100.29 | 17 |
| 6 | 4,300 | MASMOVIL IBERCOM SA (EUR) TL B E+275 3/20/2031 | -0.30% | 98.78 | 99.08 | 13 |
| 7 | 4,230 | TK ELEVATOR (US) NEWCO INC TL B | 0.23% | 100.33 | 100.11 | 16 |
| 8 | 4,226 | INSPIRE BRANDS (USD) TL B S+250 12/15/2027 | 0.09% | 100.00 | 99.92 | 15 |
| 9 | 4,204 | JANE STREET (USD) TL B S+200 12/10/2031 | 0.10% | 99.97 | 99.87 | 18 |
| 10 | 4,001 | CITADEL (USD) TL B S+200 10/28/2031 | 0.15% | 100.42 | 100.27 | 13 |
| 11 | 3,935 | SS&C TECHS INC (USD) TL B8 S+200 5/2/2031 | 0.11% | 100.49 | 100.38 | 15 |
| 12 | 3,859 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 0.36% | 100.16 | 99.80 | 20 |
| 13 | 3,640 | TRANSDIGM INC (USD) TL J S+250 2/12/2031 | 0.19% | 100.32 | 100.13 | 16 |
| 14 | 3,573 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | -2.81% | 81.25 | 83.60 | 17 |
| 15 | 3,566 | AIR MEDICAL (USD) PIK TL B S+550 10/2/2028 | 0.00% | 100.11 | 100.11 | 11 |
| 16 | 3,491 | WESTINGHOUSE (USD) TL B S+250 1/5/2031 | 0.13% | 100.02 | 99.90 | 17 |
| 17 | 3,420 | RCN GRANDE (USD) TL L+325 9/25/2026 | -0.63% | 86.00 | 86.54 | 11 |
| 18 | 3,393 | GENESYS TELECOM (USD) TL B S+250 1/23/2032 | 0.31% | 100.11 | 99.80 | 11 |
| 19 | 3,380 | SOLERA (USD) TL B L+400 6/2/2028 | 0.54% | 97.74 | 97.22 | 16 |
| 20 | 3,340 | PROOFPOINT (USD) TL B S+300 8/31/2028 | 0.16% | 100.21 | 100.05 | 13 |
| AVERAGE | 4,218 | 0.09% | 97.20 | 100.16 | 14.6 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 6/27/25-7/3/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | TWIN RIVER (USD) TL B L+325 10/2/2028 | 11.44% | 97.75 | 87.71 | 9 |
| 2 | PLY GEM (USD) TL B S+475 5/2/2031 | 3.50% | 85.97 | 83.07 | 8 |
| 3 | CORNERSTONE (USD) TL B L+375 10/16/2028 | 3.07% | 93.40 | 90.61 | 8 |
| 4 | TRICO PRODUCTS (USD) TL S+500 3/30/2027 | 2.42% | 96.59 | 94.31 | 10 |
| 5 | CORNERSTONE BLDG BRANDS INC (USD) TL L+325 4/12/2028 | 2.34% | 90.61 | 88.54 | 15 |
| 6 | US LBM (USD) TL B S+375 5/29/2031 | 2.15% | 94.90 | 92.90 | 13 |
| 7 | INTERNET BRANDS (USD) TL B4 S+425 12/11/2031 | 2.08% | 88.22 | 86.42 | 12 |
| 8 | KODIAK (USD) TL B S+400 11/26/2031 | 1.54% | 96.89 | 95.42 | 12 |
| 9 | ST. GEORGE LOGISTICS (USD) TL B S+275 2/14/2029 | 1.41% | 97.36 | 96.01 | 8 |
| 10 | HOUSE OF HR GROUP BV (EUR) TL B E+500 11/3/2029 | 1.40% | 94.94 | 93.63 | 12 |
Bottom 10 Performers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 6/27/25-7/3/25
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | COLISEE PATRIMOINE (EUR) TL B E+375 11/30/2027 | -5.19% | 55.25 | 58.28 | 14 |
| 2 | CDK GLOBAL (USD) TL B S+325 7/6/2029 | -2.70% | 81.25 | 83.50 | 17 |
| 3 | HERENS HOLDCO SARL (EUR) TL B E+400 4/30/2028 | -1.87% | 93.46 | 95.24 | 13 |
| 4 | FOREFRONT DERMATOLOGY (USD) TL B S+550 4/2/2029 | -1.49% | 90.35 | 91.72 | 6 |
| 5 | LESLIE’S POOLMART (USD) TL B L+275 3/9/2028 | -1.33% | 70.09 | 71.03 | 12 |
| 6 | FONCIA GROUPE (EUR) TL B E+350 3/27/2028 | -1.13% | 86.65 | 87.64 | 11 |
| 7 | MERLIN ENTERTAINMENTS (EUR) TL B E+375 11/9/2029 | -1.08% | 93.32 | 94.34 | 11 |
| 8 | NAPA MANAGEMENT SERVICES (USD) TL B L+525 2/23/2029 | -0.64% | 79.49 | 80.00 | 8 |
| 9 | FLORA FOOD MGT BV (EUR) TL B13 E+400 1/2/2028 | -0.47% | 98.99 | 99.46 | 15 |
| 10 | GLOBAL UNIVERSITY (EUR) TL B E+350 1/24/2027 | -0.43% | 98.99 | 99.42 | 10 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 6/27/25-7/3/25 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 6/27/25-7/3/25
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 6/27/25 vs. the week ending 7/3/25
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SIGNATURE AVIATION US HLDGS INC (USD) TL B S+275 7/1/2031 | 64 | 86 | 22 | 34% |
| 2 | INDEPENDENT VETCARE TL B | 24 | 42 | 18 | 75% |
| 3 | SUPPLYONE (USD) TL S+350 4/19/2031 | 14 | 32 | 18 | 129% |
| 4 | MEHILAINEN (EUR) TL B 7/3/2031 | 28 | 46 | 18 | 64% |
| 5 | BAUSCH & LOMB INC (USD) TL B S+425 12/18/2030 | 14 | 30 | 16 | 114% |
| 6 | MIRION TECHS INC (USD) TL B S+225 10/20/2032 | 20 | 36 | 16 | 80% |
| 7 | AMC ENTERTAINMENT HLDGS INC (USD) TL S+700 1/4/2029 | 20 | 36 | 16 | 80% |
| 8 | MARKET BIDCO FINCO PLC (EUR) TL B E+475 11/24/2030 | 32 | 48 | 16 | 50% |
| 9 | SKECHERS U S A INC (EUR) TL B E+350 6/16/2032 | 1 | 16 | 15 | 1500% |
| 10 | DOTDASH MEREDITH INC (USD) TL B S+350 6/16/2032 | 4 | 18 | 14 | 350% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 6/27/25-7/3/25
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | WHITE CAP BUYER LLC (USD) TL B S+325 10/19/2029 | 21 |
| 2 | ALLIANT HLDGS I INC (USD) TL B S+325 9/12/2031 | 20 |
| 3 | HUB INTL LTD (USD) TL B S+250 6/20/2030 | 20 |
| 4 | BMC SOFTWARE (USD) TL B S+325 7/30/2031 | 20 |
| 5 | WHATABURGER (USD) TL B S+250 8/3/2028 | 19 |
| 6 | GOLDEN NUGGET INC (USD) TL B S+350 1/27/2029 | 19 |
| 7 | BROADSTREET PARTNERS INC (USD) TL B4 S+300 6/16/2031 | 19 |
| 8 | AMWINS GROUP INC (USD) TL B S+225 1/23/2032 | 19 |
| 9 | CULLIGAN (USD) TL B S+325 7/30/2028 | 19 |
| 10 | OSCAR ACQUISITIONCO LLC (USD) TL B S+425 4/29/2029 | 19 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 6/27/25-7/3/25
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.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
