Syndicated Bank Loans
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Outperformers Spotlight:
Week Ending 7/15/22
Top Outperformers from Solve Advisors’ Bank Loan data.
Energy: Oil & Gas Industry – PGS
PGS’s Term Loan outperformed other issuers in the Energy Industry by 2.95% last week after announcing it has entered into its first subscription agreement with Australia’s deepC Store Limited (DCS) in order to explore the co-development of commercial-sale carbon capture and storage (CCS) projects.
Hotel, Gaming & Leisure Industry – Royal Caribbean Cruises
Royal Caribbean Cruises’ Term Loan outperformed other issuers in the Hotel, Gaming & Leisure Industry by 3.35% last week after entering an agreement to acquire a Crystal Cruises ship as demand for ultra-luxury expedition cruising grows.
Media: Advertising, Printing & Publishing Industry –
Clear Channel Outdoor
Clear Channel Outdoor’s Term Loan outperformed other issuers in the Advertising, Printing & Publishing Industry by 2.39% last week after announcing that it was moving forward with strategic alternatives for its European business, and is said to be close to selling its British and European units to a private equity firm.
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