Syndicated Bank Loan Market Summary – Week Ending 1/19/24
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 1/19/24
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 1/19/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Dave & Buster’s Inc. | 898 | Term Loan | 6/1/2029 | S+325 |
| AL GCX Hldg LLC | 597 | Term Loan | 5/17/2029 | S+325 |
| Signature Aviation US Hldg Inc. | 1483 | Term Loan | 7/1/2029 | S+300 |
forward calendar
Forward calendar during the week ending 1/19/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| Caesar’s Entertainment Inc. | $2B TLB (Ba3) | JPM | Q1 2024 |
| Kohler Energy | $1.625B TLB | BofA,GS,BMO,DB,HSBC,MIZ | Q1 2024 |
| Savers Inc. | $323MM TLB | KKR | Q1 2024 |
| Vistage Worldwide | $125MM TL | GLB | Q1 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 1/12/24 – 1/19/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 8,572 | GEO GROUP TL1 | 0.22% | 102.26 | 102.04 | 11 |
| 2 | 7,270 | MEDLINE TL B | -0.14% | 100.04 | 100.18 | 13 |
| 3 | 5,000 | UNITED CONTINENTAL TL B | 0.08% | 100.19 | 100.11 | 13 |
| 4 | 4,750 | HUB INTL LTD TL B5 | -0.21% | 100.02 | 100.24 | 15 |
| 5 | 4,750 | ZAYO TL | -0.66% | 83.86 | 84.42 | 15 |
| 6 | 4,741 | INTERNET BRANDS TL B | -0.14% | 98.20 | 98.34 | 13 |
| 7 | 4,559 | TRANSDIGM INC. TL I | -0.09% | 100.25 | 100.34 | 18 |
| 8 | 4,463 | ULTIMATE SOFTWARE TL B | -0.05% | 99.98 | 100.03 | 13 |
| 9 | 4,415 | ICON PLC TL B | -0.01% | 100.20 | 100.21 | 10 |
| 10 | 4,050 | CITRIX TL B | 0.03% | 97.65 | 97.63 | 14 |
| 11 | 3,900 | DIRECTV TL | -0.07% | 99.72 | 99.79 | 18 |
| 12 | 3,580 | CDK GLOBAL TL B | -0.08% | 100.26 | 100.34 | 15 |
| 13 | 3,550 | CITADEL TL B | -0.06% | 99.87 | 99.93 | 12 |
| 14 | 3,500 | PILOT TRAVEL TL B | -0.09% | 100.08 | 100.17 | 12 |
| 15 | 3,500 | SEDGWICK TL B | -0.01% | 100.22 | 100.23 | 10 |
| 16 | 3,500 | AMERICAN AIRLINES TL B | -0.17% | 102.51 | 102.69 | 14 |
| 17 | 3,450 | GOLDEN NUGGET INC TL B | 0.07% | 99.90 | 99.84 | 14 |
| 18 | 3,420 | RCN GRANDE TL | 2.28% | 80.51 | 78.72 | 14 |
| 19 | 3,380 | SOLERA TL B | -0.06% | 97.86 | 97.92 | 14 |
| 20 | 3,350 | THE NIELSEN COMPANY B.V. TL B | -0.34% | 91.77 | 92.08 | 10 |
| AVERAGE | 4,385 | 0.02% | 97.77 | 97.76 | 13.4 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 1/12/24-1/19/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | ANASTASIA BEVERLY HILLS TL B | 9.28% | 66.05 | 60.44 | 12 |
| 2 | LIMETREE BAY TL B | 8.52% | 96.80 | 89.20 | 8 |
| 3 | CBS RADIO INC TL B | 4.64% | 54.93 | 52.50 | 10 |
| 4 | POWER BUYER 2ND LIEN TL | 4.43% | 74.00 | 70.86 | 5 |
| 5 | SINCLAIR BROADCAST GROUP INC. TL B4 | 3.99% | 85.68 | 82.39 | 9 |
| 6 | RCN GRANDE TL | 2.28% | 80.51 | 78.72 | 14 |
| 7 | XELLA INTERNATIONAL GMBH EUR TL B | 2.03% | 92.65 | 90.80 | 14 |
| 8 | LANDESK 2ND LIEN TL | 1.93% | 81.12 | 79.59 | 7 |
| 9 | ADB SAFEGATE EUR TL B | 1.80% | 92.54 | 90.91 | 9 |
| 10 | CARROLS HOLDCO INC TL B | 1.79% | 100.02 | 98.26 | 11 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 1/12/24-1/19/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | RESEARCH NOW TL | -12.03% | 64.20 | 72.98 | 8 |
| 2 | ACCELL GROUP EUR TL B | -10.58% | 66.25 | 74.08 | 12 |
| 3 | WEIGHT WATCHERS TL B | -9.63% | 60.17 | 66.59 | 10 |
| 4 | SI GROUP TL | -8.55% | 60.46 | 66.11 | 11 |
| 5 | HEARTHSIDE FOODS TL B | -5.06% | 74.49 | 78.46 | 18 |
| 6 | HEUBACH GMBH TL B | -4.10% | 37.86 | 39.48 | 8 |
| 7 | USS PARENT TL B | -3.40% | 74.43 | 77.06 | 13 |
| 8 | TELESAT TL B5 | -3.24% | 59.83 | 61.84 | 6 |
| 9 | CONVERGEONE TL B | -2.26% | 53.89 | 55.14 | 6 |
| 10 | ACCELERATED HEALTH SYSTEMS LLC TL B | -2.26% | 81.04 | 82.91 | 8 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 1/12/24-1/19/24 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 1/12/24-1/19/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 1/12/24 vs. the week ending 1/19/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | SS&C TECH TL B | 0 | 74 | 74 | NA |
| 2 | AVOLON TL B | 44 | 86 | 42 | 95% |
| 3 | SCIENTIFIC GAMES TL B | 8 | 48 | 40 | 500% |
| 4 | IHEART TL B | 18 | 57 | 39 | 217% |
| 5 | SS&C TECH TL B | 42 | 74 | 32 | 76% |
| 6 | IHEART TL B | 20 | 46 | 26 | 130% |
| 7 | PLAYA RESORTS TL B | 58 | 82 | 24 | 41% |
| 8 | EPIC CRUDE TL C | 0 | 24 | 24 | NA |
| 9 | RV RETAILER TL B | 38 | 61 | 23 | 61% |
| 10 | EISNERAMPER TL B | 0 | 22 | 22 | NA |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 1/12/24-1/19/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TRANSDIGM INC. TL I | 18 |
| 2 | HEARTHSIDE FOODS TL B | 18 |
| 3 | ALKEGEN TL B | 18 |
| 4 | HILEX POLY TL B | 18 |
| 5 | WESTINGHOUSE TL B | 18 |
| 6 | DIRECTV TL | 18 |
| 7 | CAPITAL VISION SERVICES LLC TL | 17 |
| 8 | ZIGGO EUR TL H | 17 |
| 9 | REYNOLDS GROUP HOLDINGS LIMITED TL B3 | 17 |
| 10 | CALPINE CONSTRUCTION FINANCE TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 1/12/24-1/19/24
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.
