Syndicated Bank Loan Market Summary – Week Ending 11/1/24
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Syndicated Bank Loan Market Summary: Week Ending 11/1/24
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 11/1/24
| ISSUER | AMOUNT (MM) | LOAN TYPE | MATURITY | RATE |
|---|---|---|---|---|
| Treasure Holding Inc | 785 | Term Loan | 11/4/2031 | S+425 |
| Outcomes Group Hldg Inc. | 698 | Term Loan | 5/2/2031 | S+350 |
| MyEyeDR. Inc. | 1400 | Term Loan | 4/2/2031 | S+350 |
forward calendar
Forward calendar during the week ending 11/1/24
| Issuer | Deal Information | Banks | Expected Issue Date |
|---|---|---|---|
| 1440 Foods Topco LLC | $875MM TLB (B3/B) | DB,JEFF,MQG,BNP | Q4 2024 |
| FNZ | $2.146B TL (B3/B-) | BCLY,BMO,STAN, USB | Q4 2024 |
Largest Loans
Highlights the weekly price movements and quote depth for the 20 largest bank loans between 10/25/24 – 11/1/24
| RANK | SIZE (MM) | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|
| 1 | 6,143 | MEDLINE TL B | -0.02% | 100.08 | 100.11 | 16 |
| 2 | 5,385 | ULTIMATE SOFTWARE TL B | -0.08% | 100.05 | 100.13 | 17 |
| 3 | 5,098 | HUB INTL LTD TL B | -0.09% | 100.14 | 100.24 | 18 |
| 4 | 4,750 | ZAYO TL | -1.15% | 93.67 | 94.76 | 14 |
| 5 | 4,741 | INTERNET BRANDS TL B | -0.01% | 99.35 | 99.37 | 16 |
| 6 | 4,525 | TRANSDIGM INC. TL I | -0.10% | 100.17 | 100.27 | 16 |
| 7 | 4,237 | INSPIRE BRANDS TL | -0.07% | 99.94 | 100.01 | 13 |
| 8 | 3,935 | SS&C TECH TL B8 | -0.10% | 99.92 | 100.02 | 17 |
| 9 | 3,900 | DIRECTV HLDGS LLC / DIRECTV TL | 0.02% | 100.12 | 100.10 | 14 |
| 10 | 3,859 | ALLIANT HLDGS I INC TL B | -0.13% | 99.54 | 99.67 | 20 |
| 11 | 3,640 | TRANSDIGM INC. TL J | -0.11% | 100.04 | 100.15 | 15 |
| 12 | 3,640 | TRANSDIGM INC. TL J | -0.11% | 100.04 | 100.15 | 15 |
| 13 | 3,573 | CDK GLOBAL TL B | 0.00% | 99.34 | 99.34 | 15 |
| 14 | 3,500 | WESTINGHOUSE TL B | -0.11% | 100.05 | 100.16 | 15 |
| 15 | 3,500 | AMERICAN AIRLINES TL B | -0.10% | 102.75 | 102.85 | 14 |
| 16 | 3,420 | RCN GRANDE TL | 0.23% | 87.42 | 87.22 | 13 |
| 17 | 3,380 | SOLERA TL B | -0.19% | 99.14 | 99.32 | 16 |
| 18 | 3,340 | PROOFPOINT TL B | -0.13% | 100.07 | 100.20 | 13 |
| 19 | 3,300 | NTL CABLE PLC TL N | -0.61% | 96.98 | 97.57 | 12 |
| 20 | 3,250 | CORELOGIC TL B | -0.06% | 99.35 | 99.41 | 12 |
| AVERAGE | 4,056 | -0.15% | 98.91 | 100.03 | 15.1 |
Top 10 Performers
Showcases the top 10 loan performers based on the largest bid price increases between 10/25/24-11/1/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | PIXELLE SPECIALTY SOLUTIONS TL B | 4.20% | 81.67 | 78.38 | 12 |
| 2 | VERIFONE TL B | 2.35% | 92.95 | 90.82 | 14 |
| 3 | RINCHEM TL | 2.00% | 87.92 | 86.19 | 9 |
| 4 | EIG INVESTORS TL B | 1.60% | 90.58 | 89.16 | 10 |
| 5 | EW SCRIPPS EXT TL B3 | 1.48% | 93.53 | 92.17 | 12 |
| 6 | ASCEND PERFORMANCE MATERIALS TL B | 1.17% | 92.53 | 91.46 | 10 |
| 7 | COLISEE PATRIMOINE EUR TL B | 1.08% | 92.52 | 91.53 | 16 |
| 8 | RACKSPACE HOSTING TL B | 1.03% | 59.92 | 59.30 | 11 |
| 9 | CABLEVISION TL B5 | 0.88% | 93.50 | 92.68 | 9 |
| 10 | AMC ENTERTAINMENT TL | 0.84% | 101.70 | 100.86 | 11 |
Bottom 10 Perfromers
Showcases the bottom 10 loan performers based on the largest bid price decreases between 10/25/24-11/1/24
| RANK | NAME | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|
| 1 | TROPICANA 2ND LIEN TL | -6.64% | 55.64 | 59.60 | 14 |
| 2 | CCRR TL B | -6.38% | 75.16 | 80.28 | 10 |
| 3 | TRINSEO TL B | -3.66% | 73.56 | 76.35 | 12 |
| 4 | COREL TL | -3.34% | 93.73 | 96.97 | 7 |
| 5 | MEDICAL SOLUTIONS TL | -3.16% | 73.82 | 76.23 | 12 |
| 6 | CAST & CREW TL B | -3.08% | 97.00 | 100.08 | 9 |
| 7 | BARRACUDA 2ND LIEN TL | -2.80% | 85.89 | 88.37 | 8 |
| 8 | SITEL LLC / SITEL FIN CORP TL B | -2.51% | 62.70 | 64.31 | 16 |
| 9 | LIFTOFF TL B | -2.27% | 96.02 | 98.25 | 12 |
| 10 | AMERICAN BATH TL | -1.45% | 97.11 | 98.53 | 13 |
Avg Bid PX by Sector
Displays the average loan bid price by sector between 10/25/24-11/1/24 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 10/25/24-11/1/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the loans with the largest increase in quote volume for the week ending 10/25/24 vs. the week ending 11/1/24
| RANK | TRANCHE | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|
| 1 | FLEETCOR TECHNOLOGIES TL B5 | 28 | 91 | 63 | 225% |
| 2 | JANE STREET TL B | 49 | 99 | 50 | 102% |
| 3 | BUCKEYE TL B2 | 74 | 100 | 26 | 35% |
| 4 | DIGICERT TL | 84 | 110 | 26 | 31% |
| 5 | VERITAS US INC TL B | 40 | 66 | 26 | 65% |
| 6 | DELL SOFTWARE GROUP TL B | 24 | 50 | 26 | 108% |
| 7 | INTERIOR LOGIC TL B | 62 | 84 | 22 | 35% |
| 8 | ATLAS GROUP TL | 8 | 30 | 22 | 275% |
| 9 | BARRACUDA TL | 78 | 99 | 21 | 27% |
| 10 | PROOFPOINT TL B | 81 | 102 | 21 | 26% |
Most Quoted Loans
Ranks the loans that were quoted by the highest number of dealers between 10/25/24-11/1/24
| RANK | TRANCHE | DEALERS |
|---|---|---|
| 1 | BMC SOFTWARE TL | 20 |
| 2 | ALLIANT HLDGS I INC TL B | 20 |
| 3 | TROPICANA TL | 20 |
| 4 | AMWINS TL B | 19 |
| 5 | HUB INTL LTD TL B | 19 |
| 6 | PRINCE MINERALS TL | 18 |
| 7 | WHITE CAP BUYER LLC TL B | 18 |
| 8 | FRONERI TL B | 18 |
| 9 | CLYDESDALE ACQUISITION HOLDINGS INC TL B | 17 |
| 10 | REYNOLDS CONSUMER TL B | 17 |
Bid and Offer Volume
Reveals the total number of quotes by bid and offer between 10/25/24-11/1/24
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.
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