Syndicated Bank Loan Market Summary – Week Ending 4/12/24
GET OUR BANK LOAN MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Syndicated Bank Loan Market Summary: Week Ending 4/12/24
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 4/12/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Brand Energy & Infra Services | Term Loan | 1428 | 8/1/2030 | S+500 |
forward calendar
Forward calendar during the week ending 4/12/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| AECOM | $700M TLB (B2/B) | BofA Sec | Q2 2024 |
| American Greetings Corp. | $800M TLB | Barclays | Q2 2024 |
| Advantage Sales & Marketing Inc. | $1.46 TLB credit facilities (B2/B+) | JPM, BofA Sec, Truist, WFC, GA Credit | Q2 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 4/5/24 – 4/12/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 8,572 | GEO GROUP TL1 | -0.40% | 101.30 | 101.70 | 11 |
| 2 | 6,143 | MEDLINE TL B | -0.07% | 100.26 | 100.33 | 13 |
| 3 | 5,385 | ULTIMATE SOFTWARE TL B | -0.02% | 100.33 | 100.35 | 15 |
| 4 | 4,860 | HUB INTL LTD TL B | -0.01% | 100.24 | 100.25 | 16 |
| 5 | 4,750 | ZAYO TL | -0.06% | 86.78 | 86.83 | 16 |
| 6 | 4,741 | INTERNET BRANDS TL B | 0.03% | 99.48 | 99.45 | 13 |
| 7 | 4,525 | TRANSDIGM INC. TL I | -0.06% | 100.33 | 100.38 | 16 |
| 8 | 4,260 | NUMERICABLE TL B | -4.43% | 76.75 | 80.30 | 14 |
| 9 | 4,050 | CITRIX TL B | 0.00% | 99.67 | 99.67 | 13 |
| 10 | 3,900 | DIRECTV TL | 0.03% | 100.20 | 100.17 | 17 |
| 11 | 3,580 | CDK GLOBAL TL B | -0.10% | 100.27 | 100.37 | 16 |
| 12 | 3,564 | MKS INSTRUMENTS TL B | 0.02% | 99.94 | 99.91 | 10 |
| 13 | 3,500 | AMERICAN AIRLINES TL B | -0.09% | 103.71 | 103.80 | 12 |
| 14 | 3,500 | SEDGWICK TL B | -0.01% | 100.28 | 100.29 | 10 |
| 15 | 3,500 | WESTINGHOUSE TL B | 0.00% | 100.01 | 100.01 | 16 |
| 16 | 3,500 | PILOT TRAVEL TL B | 0.00% | 100.00 | 100.00 | 12 |
| 17 | 3,420 | RCN GRANDE TL | -0.70% | 81.50 | 82.07 | 14 |
| 18 | 3,380 | SOLERA TL B | -0.54% | 98.79 | 99.34 | 16 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.12% | 98.36 | 98.47 | 13 |
| 20 | 3,242 | GOLDEN NUGGET INC TL B | -0.09% | 100.24 | 100.32 | 12 |
| AVERAGE | 4,284 | -0.33% | 97.42 | 97.70 | 13.8 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 4/5/24-4/12/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | OXEA EUR TL B1 | 11.45% | 86.81 | 77.88 | 10 |
| 2 | GLOBAL TELESYSTEMS 2ND LIEN TL | 7.07% | 94.88 | 88.61 | 5 |
| 3 | ICP GROUP 2ND LIEN TL | 4.55% | 59.25 | 56.67 | 5 |
| 4 | ELECTRONICS FOR IMAGING TL | 2.71% | 83.84 | 81.63 | 8 |
| 5 | HERENS HOLDCO SARL TL B | 2.28% | 95.03 | 92.92 | 4 |
| 6 | GRIFOLS WORLDWIDE EUR TL B | 1.46% | 94.89 | 93.52 | 14 |
| 7 | MOLD-RITE 2ND LIEN TL | 1.46% | 40.36 | 39.78 | 5 |
| 8 | RESEARCH NOW TL | 1.40% | 61.02 | 60.17 | 10 |
| 9 | LIBERTY TIRE TL B | 1.24% | 94.89 | 93.72 | 7 |
| 10 | HEXION INC 2ND LIEN TL | 1.17% | 89.00 | 87.97 | 7 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 4/5/24-4/12/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | EOS US FINCO LLC TL B | -12.38% | 70.05 | 79.94 | 8 |
| 2 | DUPAGE MEDICAL GROUP TL B | -4.05% | 78.36 | 81.67 | 10 |
| 3 | SKILLSOFT TL B | -3.92% | 84.53 | 87.98 | 9 |
| 4 | PETCO TL B | -3.86% | 87.73 | 91.25 | 15 |
| 5 | SITEL LLC / SITEL FIN CORP TL B | -3.38% | 81.69 | 84.54 | 10 |
| 6 | CERBA HEALTHCARE EUR TL C | -2.46% | 90.23 | 92.50 | 14 |
| 7 | DELL SOFTWARE GROUP TL B | -2.46% | 72.60 | 74.42 | 13 |
| 8 | SELECT STAFFING TL B | -2.35% | 80.54 | 82.48 | 12 |
| 9 | ASURION 2ND LIEN TL B3 | -1.87% | 91.10 | 92.83 | 10 |
| 10 | UPSTREAM REHABILITATION TL | -1.77% | 91.51 | 93.17 | 10 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 4/5/24-4/12/24 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 4/5/24-4/12/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 4/5/24 vs. the week ending 4/12/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | EPIC Y-GRADE SERVICES TL B | 16 | 60 | 44 | 275% |
| 2 | LEAF HOME SOLUTIONS TL | 18 | 54 | 36 | 200% |
| 3 | LIFESCAN TL B | 16 | 46 | 30 | 188% |
| 4 | ALPHIA INC TL B | 51 | 80 | 29 | 57% |
| 5 | TELESAT TL B5 | 28 | 57 | 29 | 104% |
| 6 | ENTEGRIS TL B | 16 | 43 | 27 | 169% |
| 7 | VERITEXT TL B | 34 | 60 | 26 | 76% |
| 8 | TEKNI-PLEX TL B6 | 18 | 44 | 26 | 144% |
| 9 | BLACKHAWK NETWORK TL B | 56 | 80 | 24 | 43% |
| 10 | COBHAM EUR TL B | 14 | 38 | 24 | 171% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 4/5/24-4/12/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | TRANSDIGM INC. TL J | 18 |
| 2 | FRONERI TL B | 18 |
| 3 | TRANSDIGM INC. TL I | 18 |
| 4 | GATES GLOBAL TL B3 | 17 |
| 5 | DIRECTV TL | 17 |
| 6 | TENNECO TL B | 17 |
| 7 | ALKEGEN TL B | 17 |
| 8 | CALPINE CONSTRUCTION FINANCE TL B | 16 |
| 9 | TRANSDIGM INC. TL I | 16 |
| 10 | HUB INTL LTD TL B | 16 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 4/5/24-4/12/24
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.
