Syndicated Bank Loans
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Outperformers Spotlight:
Week Ending 6/24/22
Top Outperformers from Solve Advisors’ Bank Loan data.
Forest Products & Paper Industry – Dunn Paper
Dunn Paper’s Term Loan outperformed the market by 6.68% relative to other issuers in the Forest Products & Paper industry last week after the company announced a restructuring agreement that may give ownership to a group of first-lien lenders, as debt maturity nears.
Real Estate Industry – Apollo Commercial Real Estate
Apollo’s Commercial Real Estate Term Loan outperformed the market by 0.90% relative to other issuers in the Real Estate industry last week after providing $170 million in financing toward 60 Guilders’ acquisition of Vornado Realty Trust’s office property in Long Island City, Queens.
High-Tech Industries – Diebold Nixdorf
Diebold Nixdorf’s Term Loan outperformed the market by 2.04% relative to other issuers in the High-Tech industries last week after FOREX, a market leader in foreign currency exchange services in the Nordic countries, announced it is outsourcing its entire ATM channel management to Diebold Nixdorf, as well as expanding its fleet of ATM solutions.
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