Syndicated Bank Loan Market Summary – Week Ending 12/30/22
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 12/30/22
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 12/30/22
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Dupage Medical Group | 238 | Term Loan | 10/13/23 | L+200 |
| Pro Mach Group Inc. | 100 | Term Loan | 8/31/28 | S+500 |
| Walker & Dunlop Inc. | 200 | Term Loan | 10/31/25 | S+300 |
forward calendar
Forward calendar during the week ending 12/30/22
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Consumer Direct Care Network Inc. | $150MM credit facilities: $75MM TL; $75MM RC | N/A | Q1 2023 |
| Maxlinear Inc. | $3.5B credit facilities: $250MM RC; $512.5MM TLA; $2.7375 TLB | WF, BMO, CTZ, TRS | Q1 2023 |
| Moneygram International Inc. | $850MM credit facilities: $150MM RC; $700MM TL | GS, DB, BCLY, WF | Q1 2023 |
| Tegna Inc. | $4B credit facilities: $500MM RC; $3.5B TL | RBC, BofA, GS, TRS, BNP, CS, JEFF, MIZ, TD, BCLY, DB, MUFG, CTB, SMBC | Q1 2023 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 12/23/22 – 12/30/22
| RANK | SIZE (MM) | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 7,270 | MEDLINE TL B | -0.03% | 94.76 | 94.79 | 11 |
| 2 | 5,000 | UNITED CONTINENTAL TL B | -0.09% | 98.44 | 98.53 | 14 |
| 3 | 4,750 | ZAYO TL | 0.10% | 80.51 | 80.43 | 12 |
| 4 | 4,700 | CAESARS RESORT COLLECTION TL B | -0.07% | 99.65 | 99.72 | 14 |
| 5 | 3,900 | DIRECTV TL | 0.02% | 97.02 | 97.00 | 12 |
| 6 | 3,600 | CDK GLOBAL TL | -0.02% | 98.94 | 98.96 | 12 |
| 7 | 3,582 | MISYS TL B | -0.27% | 88.35 | 88.59 | 11 |
| 8 | 3,524 | TRANSDIGM INC. TL F | -0.07% | 98.65 | 98.72 | 13 |
| 9 | 3,500 | AMERICAN AIRLINES TL B | -0.08% | 99.41 | 99.48 | 10 |
| 10 | 3,400 | REFRESCO HOLDING EUR TL B | -0.07% | 96.09 | 96.16 | 14 |
| 11 | 3,380 | SOLERA TL B | -0.35% | 91.33 | 91.66 | 13 |
| 12 | 3,325 | CINEWORLD TL B | 2.60% | 17.82 | 17.37 | 13 |
| 13 | 3,312 | HUB INTL LTD TL B | -0.01% | 98.79 | 98.80 | 12 |
| 14 | 3,300 | NTL CABLE PLC TL N | -0.11% | 98.11 | 98.22 | 11 |
| 15 | 3,222 | DIAMOND SPORTS 2ND LIEN TL | -14.37% | 12.15 | 14.18 | 10 |
| 16 | 3,100 | TRANSUNION TL B6 | 0.03% | 98.90 | 98.87 | 10 |
| 17 | 3,000 | DELTA SKYMILES TL B | -0.03% | 101.83 | 101.86 | 11 |
| 18 | 2,985 | HARBOR FREIGHT TL B | -0.03% | 95.23 | 95.26 | 11 |
| 19 | 2,884 | BMC SOFTWARE TL B | 0.27% | 95.86 | 95.61 | 15 |
| 20 | 2,853 | TK ELEVATOR TL B | 0.16% | 96.10 | 95.94 | 11 |
| AVERAGE | 3,729 | -0.62% | 87.90 | 88.01 | 12.0 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 12/23/22 – 12/30/22
| RANK | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | MAGENTA BUYER LLC TL B | 4.96% | 91.21 | 86.90 | 5 |
| 2 | KEANE GROUP HOLDINGS TL B | 1.45% | 97.42 | 96.03 | 4 |
| 3 | CASA SYSTEMS TL | 1.36% | 87.69 | 86.51 | 5 |
| 4 | ONE CALL TL B | 1.28% | 82.95 | 81.90 | 6 |
| 5 | TCW TL B | 0.69% | 98.44 | 97.76 | 3 |
| 6 | TROPICANA TL | 0.65% | 89.32 | 88.74 | 11 |
| 7 | AMC ENTERTAINMENT TL B1 | 0.65% | 53.84 | 53.49 | 13 |
| 8 | APEX GROUP TL B | 0.50% | 94.72 | 94.25 | 4 |
| 9 | ROCKET SOFTWARE TL | 0.49% | 96.50 | 96.02 | 6 |
| 10 | HAYWARD INDUSTRIES TL B | 0.48% | 95.52 | 95.06 | 4 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 12/23/22 – 12/30/22
| RANK | NAME | CHANGE | PX | PX-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | ACCENTCARE INC TL B | -5.35% | 67.00 | 70.79 | 3 |
| 2 | COLORADO BUYER TL | -4.18% | 84.14 | 87.80 | 7 |
| 3 | COOK & BOARDMAN TL | -3.25% | 83.00 | 85.79 | 5 |
| 4 | HALO BUYER TL | -3.12% | 87.00 | 89.80 | 8 |
| 5 | ENVISION HEALTHCARE 2ND LIEN TL | -2.99% | 79.90 | 82.37 | 5 |
| 6 | CITY BREWING TL B | -2.89% | 42.86 | 44.13 | 7 |
| 7 | BLOUNT TL B | -1.24% | 78.86 | 79.85 | 10 |
| 8 | NTHRIVE TL B | -1.24% | 83.58 | 84.63 | 3 |
| 9 | ROBERTSHAW TL | -1.11% | 67.06 | 67.81 | 6 |
| 10 | LOGMEIN TL B | -1.08% | 63.85 | 64.54 | 11 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 12/23/22 – 12/30/22 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 12/23/22 – 12/30/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 12/23/22 vs. the week ending 12/30/22
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | ADVANCED DRAINAGE SYSTEMS TL B | 11 | 29 | 18 | 164% |
| 2 | LIFE TIME TL B | 6 | 22 | 16 | 267% |
| 3 | PITNEY BOWES TL B | 0 | 16 | 16 | NA |
| 4 | LOGOPLASTE TL B | 0 | 16 | 16 | NA |
| 5 | INSTALLED BUILDING PRODUCTS TL B | 16 | 32 | 16 | 100% |
| 6 | SAMSONITE TL B | 14 | 28 | 14 | 100% |
| 7 | BINGO INDUSTRIES TL | 10 | 24 | 14 | 140% |
| 8 | MULTI-COLOR TL B | 26 | 40 | 14 | 54% |
| 9 | CELESTICA TL B | 10 | 24 | 14 | 140% |
| 10 | MANNINGTON TL B | 10 | 24 | 14 | 140% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 12/23/22 – 12/30/22
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | CONVERGEONE TL B | 16 |
| 2 | PHILIPS APPLIANCES EUR TL B | 16 |
| 3 | KETER GROUP EUR TL B | 15 |
| 4 | SIGMA BIDCO GBP TL B4 | 15 |
| 5 | ACCOLADE WINES GBP TL B | 15 |
| 6 | KLOECKNER EUR TL B | 15 |
| 7 | BMC SOFTWARE TL B | 15 |
| 8 | CHEPLAPHARM ARZNEIMITTEL EUR TL B | 14 |
| 9 | CERBA HEALTHCARE EUR TL C | 14 |
| 10 | BRAND ENERGY TL | 14 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 12/23/22 – 12/30/22
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.
